Investment analysts at SunTrust Banks began coverage on shares of Anaplan (NYSE:PLAN) in a research note issued on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.
Several other analysts have also issued reports on the stock. JMP Securities assumed coverage on shares of Anaplan in a research report on Tuesday. They set an “outperform” rating on the stock. Piper Jaffray Companies assumed coverage on shares of Anaplan in a research report on Tuesday. They set an “overweight” rating on the stock. Goldman Sachs Group assumed coverage on shares of Anaplan in a research report on Tuesday. They set a “neutral” rating on the stock. Needham & Company LLC assumed coverage on shares of Anaplan in a research report on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Anaplan in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Anaplan currently has a consensus rating of “Buy” and an average target price of $30.00.
NYSE PLAN opened at $23.92 on Tuesday. Anaplan has a 1 year low of $20.37 and a 1 year high of $26.97.
In related news, Director Robert E. Beauchamp acquired 10,000 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were purchased at an average cost of $24.21 per share, for a total transaction of $242,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Ying Xian Chung acquired 3,600 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was bought at an average price of $17.00 per share, for a total transaction of $61,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,118,599 shares of company stock worth $19,088,283.
Anaplan Company Profile
Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.
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