Shares of Anaplan Inc (NYSE:PLAN) have been assigned an average rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $34.60.
Several equities analysts have recently issued reports on PLAN shares. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Anaplan in a report on Friday, February 22nd. Barclays lowered shares of Anaplan from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $30.00 to $32.00 in a research note on Friday, February 8th. FBN Securities started coverage on shares of Anaplan in a research note on Thursday, April 11th. They issued an “outperform” rating and a $45.00 target price for the company. Zacks Investment Research lowered shares of Anaplan from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Finally, SunTrust Banks upped their target price on shares of Anaplan to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th.
In related news, CAO David Ying Xian Chung sold 1,720 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total value of $60,974.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank Calderoni sold 149,188 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.79, for a total transaction of $5,190,250.52. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the business. Deutsche Bank AG bought a new stake in Anaplan during the 4th quarter worth about $1,192,000. Geode Capital Management LLC bought a new stake in Anaplan during the 4th quarter worth about $5,615,000. Norges Bank bought a new stake in Anaplan during the 4th quarter worth about $398,000. Millennium Management LLC bought a new stake in Anaplan during the 4th quarter worth about $7,222,000. Finally, Legal & General Group Plc bought a new stake in Anaplan during the 4th quarter worth about $74,000. 35.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PLAN stock opened at $38.47 on Tuesday. Anaplan has a 12-month low of $20.37 and a 12-month high of $41.76. The firm has a market capitalization of $4.87 billion and a PE ratio of -22.37.
Anaplan (NYSE:PLAN) last announced its quarterly earnings results on Monday, February 25th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.02. The firm had revenue of $69.30 million during the quarter, compared to analyst estimates of $63.71 million. Anaplan’s revenue for the quarter was up 49.7% on a year-over-year basis. Sell-side analysts expect that Anaplan will post -1.29 earnings per share for the current fiscal year.
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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