Raymond James & Associates increased its stake in shares of Anaplan Inc (NYSE:PLAN) by 32.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,857 shares of the company’s stock after acquiring an additional 13,216 shares during the quarter. Raymond James & Associates’ holdings in Anaplan were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Salesforce Com Inc. bought a new stake in shares of Anaplan in the 4th quarter worth approximately $79,105,000. Kiwi Wealth Investments Limited Partnership purchased a new position in shares of Anaplan in the 4th quarter valued at approximately $1,452,000. Arrowgrass Capital Partners US LP purchased a new position in shares of Anaplan in the 4th quarter valued at approximately $1,592,000. Meritech Capital Associates IV L.L.C. purchased a new position in shares of Anaplan in the 4th quarter valued at approximately $210,369,000. Finally, Rhumbline Advisers purchased a new position in shares of Anaplan in the 4th quarter valued at approximately $643,000. Institutional investors and hedge funds own 35.80% of the company’s stock.
In related news, CAO David Ying Xian Chung sold 1,720 shares of Anaplan stock in a transaction on Wednesday, April 17th. The stock was 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 is accessible through this hyperlink. Also, insider Frank Calderoni sold 149,188 shares of Anaplan stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $34.79, for a total value of $5,190,250.52. The disclosure for this sale can be found here. Insiders sold 445,214 shares of company stock valued at $18,349,010 in the last ninety days. 37.20% of the stock is currently owned by corporate insiders.
PLAN stock opened at $46.75 on Thursday. Anaplan Inc has a 1-year low of $20.37 and a 1-year high of $50.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.94 and a quick ratio of 2.15. The firm has a market capitalization of $6.08 billion and a PE ratio of -27.18.
Anaplan (NYSE:PLAN) last issued its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.18. The firm had revenue of $75.80 million during the quarter, compared to the consensus estimate of $70.66 million. The firm’s quarterly revenue was up 46.9% compared to the same quarter last year. As a group, research analysts anticipate that Anaplan Inc will post -1.16 EPS for the current fiscal year.
A number of research firms have recently commented on PLAN. KeyCorp restated a “hold” rating on shares of Anaplan in a research note on Tuesday, May 28th. Zacks Investment Research cut Anaplan from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Barclays lifted their price objective on Anaplan from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. JMP Securities boosted their price target on Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, Monness Crespi & Hardt boosted their price target on Anaplan from $50.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.42.
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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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