Anaplan Inc (NYSE:PLAN) has received an average recommendation of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.40.
PLAN has been the topic of a number of research analyst reports. Macquarie initiated coverage on shares of Anaplan in a report on Monday, July 15th. They issued an “outperform” rating and a $65.00 price target on the stock. JMP Securities upped their price target on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Goldman Sachs Group cut shares of Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 price target on the stock. in a report on Monday, July 1st. KeyCorp restated a “hold” rating on shares of Anaplan in a report on Tuesday, May 28th. Finally, Monness Crespi & Hardt upped their price target on shares of Anaplan from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th.
In other Anaplan news, insider Frank Calderoni sold 48,366 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $37.79, for a total transaction of $1,827,751.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Ying Xian Chung sold 21,239 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $41.71, for a total transaction of $885,878.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,337,900 shares of company stock worth $65,805,583. 37.20% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. Coatue Management LLC bought a new stake in shares of Anaplan in the 4th quarter valued at about $240,575,000. Meritech Capital Associates IV L.L.C. bought a new stake in shares of Anaplan in the 4th quarter valued at about $210,369,000. BlackRock Inc. bought a new stake in shares of Anaplan in the 4th quarter valued at about $30,057,000. Wells Fargo & Company MN boosted its holdings in shares of Anaplan by 16.3% in the 1st quarter. Wells Fargo & Company MN now owns 728,209 shares of the company’s stock valued at $28,662,000 after buying an additional 101,832 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Anaplan in the 4th quarter valued at about $16,006,000. Institutional investors own 35.05% of the company’s stock.
Shares of NYSE PLAN traded down $0.37 during mid-day trading on Friday, reaching $56.54. The company had a trading volume of 1,056,845 shares, compared to its average volume of 2,031,881. The stock’s 50-day moving average price is $50.73. 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 firm has a market cap of $7.30 billion and a PE ratio of -32.87. Anaplan has a 52 week low of $20.37 and a 52 week high of $58.46.
Anaplan (NYSE:PLAN) last posted its quarterly earnings results on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate 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. The business’s revenue was up 46.9% compared to the same quarter last year. As a group, sell-side analysts predict that Anaplan will post -1.15 earnings per share for the current year.
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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