Market Movers | Rubrik Soars 26%; Victoria's Secret Surges 15%; Ulta Beauty Jumps 11%; Oklo Fall 8%; SoFi Sinks 9%; SentinelOne Tanks 13%

Tiger Newspress
12/05

Rubrik shares jumped 25.8% after the cybersecurity and data management firm posted quarterly earnings well above expectations and raised full-year guidance. The company cited strong growth in its subscription base and improving profitability metrics, as investor sentiment turned bullish on its AI-driven security platform.

Shares of lingerie maker Victoria's Secret jumped 15% premarket. The company raised annual sales and profit forecast, betting on strong demand for its curated product assortment of iconic brands including Victoria's Secret and PINK.

EV charging network ChargePoint's Q3 revenue beat expectations. The shares jumped 12.7%.

Ulta Beauty raised its annual sales and profit forecast, betting on strong demand for its makeup and skincare products going into the holiday season. Shares of the company, which also reported third-quarter results above estimates, were up 11.2%.

Cooper Companies said it is initiating a formal strategic review aimed at identifying opportunities to enhance long-term shareholder value, sending shares up 10.5%.

ServiceTitan shares rose 6.6% after the vertical SaaS provider for trades professionals delivered better-than-expected third-quarter earnings and lifted its revenue guidance for the year. The company also posted double-digit year-over-year growth across several key operational metrics, underscoring strong adoption of its core software and FinTech suite.

Kunlunxin, the AI chip unit of Chinese internet search giant Baidu, is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters. US-listed shares of Baidu jumped 4.5%.

Hewlett Packard Enterprise forecast first-quarter revenue below Wall Street estimates, as it sees a fall in AI server income due to customers shifting their orders to the second half of the year. The shares dropped 2.8%.

Stitch Fix reported better-than-expected revenue for its first quarter of fiscal 2026, with sales rising 7.3% YoY to $342.1 million, exceeding analyst estimates of $336.08 million. The online personal styling service’s shares fell 6.7%.

Oklo shares fell 7.8% after disclosing it entered into an equity distribution agreement under which the company may offer and sell Class A common shares with aggregate gross sales proceeds of up to $1.5 billion through an at-the-market equity offering program.

Docusign’s AI-powered IAM platform helped the electronic-signature platform provider’s third-quarter results beat estimates, though its shares slipped 8.2% as its outlook for the current quarter didn’t exceed analysts’ expectations.

SoFi Technologies shares fell 8.8% after the fintech company announced a $1.5 billion stock offering.

Cybersecurity firm SentinelOne forecast fourth-quarter revenue below analysts' expectations, and said Chief Financial Officer Barbara Larson will step down. The shares of the company fell 13.3%.

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