After-Hours Stock Movers 12/02: (SMAR) (TLYS) (JOAN) Higher; (DOCU) (OLLI) (ASAN) Lower (more...)

Raymond James Financial (RJF) Announces Retirement of President John Carson

December 6, 2021 4:19 PM EST

On December 2, 2021, Raymond James Financial (NYSE: RJF) President John Carson notified the firm that he intends to retire as president effective December 31, 2021, and remain with the firm as vice chairman to ensure a successful transition of responsibilities.

Carson will also step down as head of the Fixed Income and Public Finance divisions. Horace Carter, executive vice president of Fixed Income Capital Markets, will succeed Carson as president of Fixed Income and join the firms Executive Committee.

Im deeply... More

AppLovin (APP) Prices Upsized 7.5M Share Secondary Offering at $83/sh

December 3, 2021 9:28 AM EST

AppLovin Corporation (Nasdaq: APP), a leading marketing software company, today announced the pricing of its upsized underwritten offering of 7,500,000 shares of its Class A common stock, at a public offering price of $83.00 per share, with all shares offered by certain of AppLovins stockholders, including KKR Denali Holdings L.P (the Selling Stockholders). KKR Denali Holdings L.P. has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of Class A common stock. The offering is expected to close on December 7, 2021, subject to customary closing conditions. The Selling Stockholders... More

Ollie's Bargain Outlet (OLLI) PT Lowered to $45 at BofA Securities

December 3, 2021 8:54 AM EST

BofA Securities analyst Jason Haas lowered the price target on Ollie's Bargain Outlet (NASDAQ: OLLI) to $45.00 (from $56.00) while maintaining an Underperform rating.

Inflation called out as a headwind to low-income spending... More

Needham & Company Downgrades Docusign Inc. (DOCU) to Hold

December 3, 2021 8:46 AM EST

Needham & Company analyst Scott Berg downgraded Docusign Inc. (NASDAQ: DOCU) from Buy to Hold following results.

The analyst commented, "DOCU's 3QF22 is a good reminder that even outstanding companies take their proverbial eye off the sales ball, but we have found fixing these... More

Marvell (MRVL) PT Raised to $100 at Susquehanna

December 3, 2021 7:45 AM EST

Susquehanna analyst Christopher Rolland raised the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $82.00) while maintaining a Positive rating.

The analyst commented, "While we had previewed another beat and raise, we hadnt expected anything this good. Better long-term growth driven by hyperscale custom silicon, 5G and auto."

... More

Smartsheet Inc. (SMAR) PT Lowered to $88 at BMO Capital

December 3, 2021 7:33 AM EST

BMO Capital analyst Keith Bachman lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $88.00 (from $90.00) while maintaining an Outperform rating.

The analyst commented, "While the October quarter and January quarter guide would have been sufficient to push the shares... More

Marvell (MRVL) PT Raised to $120 at Rosenblatt; 'Just Pulled an Nvidia'

December 3, 2021 7:09 AM EST

Rosenblatt analyst Hans Mosesmann raised the price target on Marvell (NASDAQ: MRVL) to $120.00 (from $100.00) while maintaining a Buy rating following results.

The analyst commented, "Marvell just pulled an Nvidia on the Street last night, with an unambiguous beat and raise and taking FY23 sales... More

UPDATE: JPMorgan Downgrades Ollie's Bargain Outlet (OLLI) to Underweight (correction)

December 3, 2021 5:37 AM EST

(Updated - December 3, 2021 8:05 AM EST)

JPMorgan analyst Matthew Boss downgraded Ollie's Bargain Outlet (NASDAQ: OLLI) from Neutral to Underweight with a price target of $50.00 (from $77.00).

The analyst comments "With growth slowing post-pandemic absent new stimulus, relative customer acquisition/comps trailing... More