Wall Street brokerages predict that Anaplan Inc (NYSE:PLAN) will report sales of $78.39 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Anaplan’s earnings, with the lowest sales estimate coming in at $78.24 million and the highest estimate coming in at $78.54 million. The company is scheduled to report its next quarterly earnings results on Tuesday, August 27th.
On average, analysts expect that Anaplan will report full-year sales of $330.76 million for the current fiscal year, with estimates ranging from $330.21 million to $331.06 million. For the next financial year, analysts expect that the business will report sales of $430.93 million, with estimates ranging from $429.00 million to $433.53 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Anaplan.
Anaplan (NYSE:PLAN) last issued its quarterly earnings results on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.18. The company had revenue of $75.80 million during the quarter, compared to the consensus estimate of $70.66 million. Anaplan’s revenue was up 46.9% on a year-over-year basis.
A number of brokerages have weighed in on PLAN. Goldman Sachs Group downgraded shares of Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 price target for the company. in a report on Monday, July 1st. Monness Crespi & Hardt increased their price target on shares of Anaplan from $50.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. JMP Securities increased their price target on shares of Anaplan from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, June 4th. Finally, Barclays raised their price objective on shares of Anaplan from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Anaplan currently has an average rating of “Buy” and a consensus price target of $43.77.
In other Anaplan news, Director Sandesh Kaveripatnam sold 495,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $49.52, for a total value of $24,512,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Ying Xian Chung sold 1,720 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total transaction of $60,974.00. The disclosure for this sale can be found here. Insiders sold a total of 1,487,851 shares of company stock valued at $71,001,790 in the last 90 days. Corporate insiders own 37.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Neuburgh Advisers LLC acquired a new stake in shares of Anaplan during the 4th quarter worth approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of Anaplan during the 1st quarter worth approximately $39,000. Advisor Group Inc. acquired a new stake in shares of Anaplan during the 4th quarter worth approximately $41,000. Flinton Capital Management LLC acquired a new stake in shares of Anaplan during the 4th quarter worth approximately $42,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of Anaplan during the 2nd quarter worth approximately $64,000. Institutional investors own 35.05% of the company’s stock.
Anaplan stock traded down $0.27 during mid-day trading on Tuesday, reaching $56.83. The company had a trading volume of 1,561,747 shares, compared to its average volume of 2,503,298. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.11. Anaplan has a 52 week low of $20.37 and a 52 week high of $57.82. The stock’s 50 day simple moving average is $48.27. The stock has a market cap of $7.34 billion and a price-to-earnings ratio of -33.04.
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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