The Latest Breaking News from Piper Sandler

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Accolade Inc (NASDAQ:ACCD) shares plunged almost 50% after disappointing Q4 FY22 earnings and FY23 guidance. Q4 FY22 revenue increased 58% Y/Y to $93.8 million, beating the consensus of $91.57 million. The company reported a wider net loss of $(34.56) million compared to $(4.73) million a year ago. EPS loss came at $(0.51)…

Someone with a lot of money to spend has taken a bearish stance on Align Tech (NASDAQ:ALGN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Needham lowered MKS Instruments, Inc. (NASDAQ: MKSI) price target from $185 to $175. MKS Instruments shares rose 3.6% to $116.01 in pre-market trading.

Piper Sandler has decided to maintain its Overweight rating of Goosehead Insurance (NASDAQ:GSHD) and lower its price target from $120.00 to $75.00. Shares of Goosehead Insurance are trading up 5.59% over the last 24 hours, at $55.66 per share.

Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 7.2% on Wednesday after the company reported an across-the-board earnings beat and demonstrated impressive sales momentum.

Upgrades According to Susquehanna, the prior rating for Boyd Gaming Corp (NYSE:BYD) was changed from Neutral to Positive. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $50.38. Boyd Gaming closed at $64.20 at the end of the last trading period.

A whale with a lot of money to spend has taken a noticeably bearish stance on JPMorgan Chase. Looking at options history for JPMorgan Chase (NYSE:JPM) we detected 24 strange trades.

Gainers Cyngn Inc. (NASDAQ: CYN) shares jumped 96.3% to close at $2.12 on Thursday after the company announced the official launch of DriveMod Kit, a turnkey autonomous vehicle solution.