Pre-Open Stock Movers:

Purple Innovation (NASDAQ: PRPL) 31.9% LOWER; reported Q3 EPS of $0.07, $0.10 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $170.8 million versus the consensus estimate of $199.53 million. Purple Innovation sees FY2021 revenue of $720-740 million, versus the consensus of $821 million.

Poshmark Inc. (NASDAQ: POSH) 31.8% LOWER; reported Q3 EPS of ($0.09), $0.02 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $79.7 million versus the consensus estimate of $82.69 million. Poshmark Inc. sees Q4 2021 revenue of $80-82 million, versus the consensus of $85.1 million.

PubMatic Inc. (NASDAQ: PUBM) 25% HIGHER; reported Q3 EPS of $0.24, $0.15 better than the analyst estimate of $0.09. Revenue for the quarter came in at $58.1 million versus the consensus estimate of $52.55 million. PubMatic Inc. sees Q4 2021 revenue of $74-76 million, versus the consensus of $62.24 million. PubMatic Inc. sees FY2021 revenue of $225-227 million, versus the consensus of $208.02 million. PubMatic Inc. sees FY2022 revenue of $281 million, versus the consensus of $260.22 million.

RingCentral, Inc. (NYSE: RNG) 22.7% HIGHER; reported Q3 EPS of $0.36, $0.03 better than the analyst estimate of $0.33. Revenue for the quarter came in at $415 million versus the consensus estimate of $393.42 million. RingCentral, Inc. sees Q4 2021 revenue of $433.5-434.5 million, versus the consensus of $420.6 million.

Upstart Holdings (NASDAQ: UPST) 25% LOWER; reported Q3 EPS of $0.60, $0.25 better than the analyst estimate of $0.35. Revenue for the quarter came in at $228.5 million versus the consensus estimate of $214.9 million. Upstart Holdings sees Q4 2021 revenue of $255-265 million, versus the consensus of $226.6 million.

DoorDash, Inc. (NYSE: DASH) 17.2% HIGHER; announced they and certain stockholders of Wolt have entered into a definitive agreement whereby DoorDash will acquire Wolt in an all-stock transaction.

Doximity, Inc. (NYSE: DOCS) 15% LOWER; reported Q2 EPS of $0.19, $0.09 better than the analyst estimate of $0.10. Revenue for the quarter came in at $79.4 million versus the consensus estimate of $73.5 million. Doximity, Inc. sees Q3 2022 revenue of $85.8-86.8 million, versus the consensus of $74.66 million. Doximity, Inc. sees FY2022 revenue of $326.1-328.1 million, versus the consensus of $299.41 million.

Avenue Therapeutics, Inc. (NASDAQ: ATXI) 14.6% LOWER; announced the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $2.6 million, before deducting underwriting discounts and commissions and other estimated expenses payable by the Company. The offering equates to 1,946,787 shares at a price to the public of $1.34 per share. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

Unity Software Inc. (NYSE: U) 9% LOWER; reported Q3 EPS of ($0.06), $0.01 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $286.3 million versus the consensus estimate of $264.21 million. Unity Software Inc. sees Q4 2021 revenue of $285-290 million, versus the consensus of $287.3 million. Unity Software Inc. sees FY2021 revenue of $1.08-1.085 billion, versus the consensus of $1.06 billion.

Coinbase (NASDAQ: COIN) 8% LOWER; reported Q3 EPS of $1.62, $0.05 better than the analyst estimate of $1.57. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.56 billion.

Toast (NYSE: TOST) 6.6% LOWER; reported Q3 revenues of $486.4 million versus the consensus estimate of $429.97 million. Toast sees Q4 2021 revenue of $465-495 million, versus the consensus of $440.53 million. Toast sees FY2021 revenue of $1.655-1.685 billion, versus the consensus of $1.57 billion.

Palantir Technologies Inc. (NYSE: PLTR) 2.7% LOWER; downgraded at RBC Capital.