Anaplan (PLAN) Receives New Coverage from Analysts at JMP Securities

JMP Securities began coverage on shares of Anaplan (NYSE:PLAN) in a research note released on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $29.00 price objective on the stock.

Other analysts have also recently issued reports about the company. Needham & Company LLC assumed coverage on Anaplan in a report on Tuesday. They issued a buy rating and a $30.00 price target for the company. KeyCorp assumed coverage on Anaplan in a report on Tuesday. They issued a sector weight rating for the company. Piper Jaffray Companies assumed coverage on Anaplan in a report on Tuesday. They issued an overweight rating and a $28.00 price target for the company. Finally, Goldman Sachs Group assumed coverage on Anaplan in a report on Tuesday. They issued a neutral rating and a $25.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Anaplan has an average rating of Buy and an average price target of $27.33.

Shares of PLAN traded down $1.53 during mid-day trading on Tuesday, hitting $24.22. The company’s stock had a trading volume of 354,048 shares, compared to its average volume of 1,415,840. Anaplan has a 1-year low of $20.37 and a 1-year high of $27.30.

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

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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Analyst Recommendations for Anaplan (NYSE:PLAN)

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