Shares of Anaplan Inc (NYSE:PLAN) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $45.40.
PLAN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, June 4th. KeyCorp restated a “hold” rating on shares of Anaplan in a research report on Tuesday, May 28th. Monness Crespi & Hardt boosted their target price on shares of Anaplan from $50.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Macquarie initiated coverage on shares of Anaplan in a research report on Monday, July 15th. They set an “outperform” rating and a $65.00 target price for the company. Finally, Goldman Sachs Group lowered shares of Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 target price for the company. in a research report on Monday, July 1st.
Shares of PLAN traded down $0.37 during mid-day trading on Friday, hitting $56.54. 1,056,845 shares of the company traded hands, compared to its average volume of 2,031,881. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 1.94. The business has a 50-day moving average price of $50.73. Anaplan has a 1 year low of $20.37 and a 1 year high of $58.46. The company has a market cap of $7.30 billion and a PE ratio of -32.87.
Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.18. The company had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $70.66 million. Anaplan’s revenue for the quarter was up 46.9% compared to the same quarter last year. Equities analysts expect that Anaplan will post -1.15 earnings per share for the current fiscal year.
In other Anaplan news, insider David Ying Xian Chung sold 21,239 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $41.71, for a total value of $885,878.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank Calderoni sold 48,366 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $37.79, for a total transaction of $1,827,751.14. The disclosure for this sale can be found here. Insiders have sold 1,337,900 shares of company stock valued at $65,805,583 over the last 90 days. 37.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Neuburgh Advisers LLC bought a new position in shares of Anaplan in the fourth quarter worth approximately $27,000. Advisory Services Network LLC bought a new position in shares of Anaplan in the first quarter worth approximately $39,000. Advisor Group Inc. bought a new position in shares of Anaplan in the fourth quarter worth approximately $41,000. Flinton Capital Management LLC bought a new position in shares of Anaplan in the fourth quarter worth approximately $42,000. Finally, Evolution Wealth Advisors LLC bought a new position in shares of Anaplan in the second quarter worth approximately $64,000. Institutional investors and hedge funds own 35.05% of the company’s stock.
Anaplan Company Profile
Anaplan, Inc engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. It also offers professional services, including consulting, implementation, and training. The company was founded by Michael Gould, John David Guy Haddleton, and Sue Haddleton in 2006 and is headquartered in San Francisco, CA.
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