Neuburgh Advisers LLC lifted its holdings in shares of Anaplan Inc (NYSE:PLAN) by 172.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,816 shares of the company’s stock after buying an additional 1,782 shares during the period. Neuburgh Advisers LLC’s holdings in Anaplan were worth $142,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of Anaplan by 1.3% during the 1st quarter. Rhumbline Advisers now owns 24,549 shares of the company’s stock valued at $966,000 after buying an additional 324 shares during the last quarter. First Trust Advisors LP grew its position in shares of Anaplan by 0.4% during the 1st quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock valued at $4,122,000 after buying an additional 387 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Anaplan during the 2nd quarter valued at about $35,000. Quantamental Technologies LLC bought a new stake in shares of Anaplan during the 2nd quarter valued at about $43,000. Finally, Advisory Services Network LLC bought a new stake in shares of Anaplan during the 1st quarter valued at about $39,000. 63.95% of the stock is owned by institutional investors and hedge funds.

In related news, Director Sandesh Kaveripatnam sold 495,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $49.52, for a total transaction of $24,512,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank Calderoni sold 51,404 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $57.91, for a total transaction of $2,976,805.64. Following the sale, the chief executive officer now directly owns 873,678 shares of the company’s stock, valued at $50,594,692.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,195,184 shares of company stock valued at $61,383,693. Company insiders own 37.20% of the company’s stock.

Several research firms have commented on PLAN. Needham & Company LLC upped their target price on shares of Anaplan from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Macquarie began coverage on shares of Anaplan in a research report on Monday, July 15th. They issued an “outperform” rating and a $65.00 target price for the company. JMP Securities upped their target price on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. KeyCorp restated a “hold” rating on shares of Anaplan in a research report on Tuesday, May 28th. Finally, Goldman Sachs Group upped their target price on shares of Anaplan from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $55.94.

Shares of Anaplan stock traded down $1.13 on Friday, hitting $46.78. The company had a trading volume of 29,022 shares, compared to its average volume of 2,865,483. The business has a 50-day simple moving average of $55.66 and a 200-day simple moving average of $46.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.87 and a quick ratio of 1.94. The company has a market cap of $6.25 billion and a PE ratio of -27.38. Anaplan Inc has a 52 week low of $20.37 and a 52 week high of $60.36.

Anaplan (NYSE:PLAN) last posted 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 company 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 company’s revenue was up 46.2% compared to the same quarter last year. On average, equities research analysts predict that Anaplan Inc will post -1.11 earnings per share for the current fiscal year.

Anaplan 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.

See Also: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for Anaplan (NYSE:PLAN)

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