Anaplan (PLAN) Receives New Coverage from Analysts at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of Anaplan (NYSE:PLAN) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $25.00 price objective on the stock.

PLAN has been the topic of a number of other research reports. KeyCorp initiated coverage on Anaplan in a research report on Tuesday. They set a sector weight rating on the stock. Needham & Company LLC started coverage on Anaplan in a research report on Tuesday. They set a buy rating and a $30.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Anaplan has a consensus rating of Buy and a consensus target price of $27.33.

PLAN opened at $23.70 on Tuesday. Anaplan has a one year low of $20.37 and a one year high of $26.97.

In related news, Director Sandesh Kaveripatnam purchased 1,104,999 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were purchased at an average price of $17.00 per share, with a total value of $18,784,983.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Beauchamp purchased 10,000 shares of the stock in a transaction that occurred on Friday, October 12th. The shares were bought at an average cost of $24.21 per share, for a total transaction of $242,100.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,118,599 shares of company stock worth $19,088,283.

About Anaplan

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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