Several analysts have recently updated their ratings and price targets for Anaplan (NYSE: PLAN):

  • 8/28/2019 – Anaplan is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $70.00 price target on the stock.
  • 8/28/2019 – Anaplan had its price target raised by analysts at Morgan Stanley from $49.00 to $53.00. They now have an “equal weight” rating on the stock.
  • 8/28/2019 – Anaplan had its price target raised by analysts at Barclays PLC from $43.00 to $54.00. They now have an “equal weight” rating on the stock.
  • 8/28/2019 – Anaplan had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $65.00 price target on the stock, up previously from $52.00.
  • 8/28/2019 – Anaplan had its price target raised by analysts at Needham & Company LLC from $54.00 to $65.00. They now have a “buy” rating on the stock.
  • 8/28/2019 – Anaplan had its price target raised by analysts at Canaccord Genuity from $50.00 to $65.00. They now have a “buy” rating on the stock.
  • 8/28/2019 – Anaplan had its price target raised by analysts at Goldman Sachs Group Inc from $62.00 to $70.00. They now have a “buy” rating on the stock.
  • 8/21/2019 – Anaplan was given a new $62.00 price target on by analysts at Monness Crespi & Hardt. They now have a “buy” rating on the stock.
  • 8/15/2019 – Anaplan had its price target raised by analysts at Morgan Stanley from $45.00 to $49.00. They now have an “equal weight” rating on the stock.
  • 8/13/2019 – Anaplan is now covered by analysts at Compass Point. They set a “neutral” rating and a $58.00 price target on the stock.
  • 8/7/2019 – Anaplan was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Anaplan, Inc. develops and publishes a cloud platform for business applications. The Company offers a platform which allow business users to build and maintain strategic, operational and business planning and performance management. Anaplan, Inc. is based in CA, United States. “
  • 7/24/2019 – Anaplan is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $70.00 price target on the stock.

Shares of NYSE PLAN traded up $0.31 during trading on Wednesday, hitting $50.25. 62,624 shares of the company traded hands, compared to its average volume of 3,107,701. Anaplan Inc has a 1 year low of $20.37 and a 1 year high of $60.36. The company has a 50-day moving average price of $54.45 and a 200-day moving average price of $46.31. The firm has a market capitalization of $6.10 billion and a P/E ratio of -29.22. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.11.

Anaplan (NYSE:PLAN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.01). Anaplan had a negative return on equity of 46.52% and a negative net margin of 50.87%. The business had revenue of $84.50 million for the quarter, compared to analysts’ expectations of $78.25 million. The firm’s revenue for the quarter was up 46.2% on a year-over-year basis. Research analysts predict that Anaplan Inc will post -1.11 EPS for the current fiscal year.

In other news, insider David Ying Xian Chung sold 1,763 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $52.41, for a total value of $92,398.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank Calderoni sold 49,550 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $50.93, for a total transaction of $2,523,581.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,348,927 shares of company stock valued at $68,795,929. 37.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new stake in shares of Anaplan in the second quarter valued at approximately $35,000. Quantamental Technologies LLC acquired a new stake in shares of Anaplan in the second quarter valued at approximately $43,000. Advisory Services Network LLC acquired a new stake in shares of Anaplan in the first quarter valued at approximately $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Anaplan in the second quarter valued at approximately $54,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Anaplan in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 63.95% of the company’s stock.

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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