Anaplan Target of Unusually Large Options Trading (NYSE:PLAN)

Anaplan Inc (NYSE:PLAN) saw some unusual options trading on Wednesday. Stock investors bought 22,277 call options on the company. This represents an increase of 2,267% compared to the typical daily volume of 941 call options.

PLAN has been the topic of several analyst reports. Needham & Company LLC upped their target price on Anaplan from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt set a $62.00 target price on Anaplan and gave the stock a “buy” rating in a report on Wednesday, August 21st. Goldman Sachs Group upped their target price on Anaplan from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Barclays upped their target price on Anaplan from $43.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, SunTrust Banks reiterated a “buy” rating and set a $65.00 target price (up previously from $52.00) on shares of Anaplan in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Anaplan has a consensus rating of “Buy” and an average price target of $57.44.

NYSE:PLAN traded down $0.16 on Thursday, hitting $43.74. The company’s stock had a trading volume of 57,264 shares, compared to its average volume of 2,412,634. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average of $49.93 and a two-hundred day moving average of $47.75. The firm has a market capitalization of $5.82 billion and a P/E ratio of -25.54. Anaplan has a one year low of $20.37 and a one year high of $60.36.

Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, August 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.01). The business had revenue of $84.50 million during the quarter, compared to the consensus estimate of $78.25 million. Anaplan had a negative net margin of 50.87% and a negative return on equity of 46.52%. The business’s revenue for the quarter was up 46.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Anaplan will post -1.12 EPS for the current year.

In other news, CFO David H. Morton, Jr. sold 115,076 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.30, for a total value of $5,558,170.80. Also, CFO David H. Morton, Jr. sold 100,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $52.36, for a total value of $5,236,000.00. Over the last 90 days, insiders sold 936,436 shares of company stock worth $49,000,513. Corporate insiders own 37.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new stake in Anaplan in the second quarter valued at approximately $35,000. Quantamental Technologies LLC bought a new stake in Anaplan in the second quarter valued at approximately $43,000. Advisory Services Network LLC acquired a new position in shares of Anaplan in the first quarter valued at approximately $39,000. Point72 Hong Kong Ltd acquired a new position in shares of Anaplan in the second quarter valued at approximately $54,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Anaplan in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 62.66% of the company’s stock.

About Anaplan

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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