Macquarie began coverage on shares of Anaplan (NYSE:PLAN) in a report issued on Monday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $65.00 price target on the stock.
A number of other equities research analysts have also recently commented on PLAN. Barclays increased their target price on Anaplan from $38.00 to $43.00 and gave the stock a neutral rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Goldman Sachs Group cut Anaplan from a buy rating to a neutral rating and set a $53.20 target price on the stock. in a research note on Monday, July 1st. JMP Securities increased their target price on Anaplan from $40.00 to $50.00 and gave the stock an outperform rating in a research note on Tuesday, May 28th. FBN Securities initiated coverage on Anaplan in a research note on Thursday, April 11th. They issued an outperform rating and a $45.00 target price on the stock. Finally, SunTrust Banks increased their target price on Anaplan to $52.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $45.40.
Shares of PLAN stock opened at $56.99 on Monday. The business has a fifty day moving average price of $50.14. Anaplan has a twelve month low of $20.37 and a twelve month high of $58.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 1.94.
Anaplan (NYSE:PLAN) last released its earnings results on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.18. The company had revenue of $75.80 million during the quarter, compared to analysts’ expectations of $70.66 million. Anaplan’s quarterly revenue was up 46.9% compared to the same quarter last year. As a group, equities analysts anticipate that Anaplan will post -1.15 earnings per share for the current fiscal year.
In other news, Director Susan L. Bostrom sold 75,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $43.05, for a total transaction of $3,228,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank Calderoni sold 48,366 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $37.79, for a total value of $1,827,751.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,337,900 shares of company stock worth $65,805,583. Corporate insiders own 37.20% of the company’s stock.
Several large investors have recently made changes to their positions in PLAN. Neuburgh Advisers LLC bought a new position in Anaplan in the fourth quarter valued at about $27,000. Advisory Services Network LLC bought a new position in Anaplan in the first quarter valued at about $39,000. Advisor Group Inc. bought a new position in Anaplan in the fourth quarter valued at about $41,000. Flinton Capital Management LLC bought a new position in Anaplan in the fourth quarter valued at about $42,000. Finally, Evolution Wealth Advisors LLC bought a new position in Anaplan in the second quarter valued at about $64,000. 35.05% of the stock is currently owned by hedge funds and other institutional investors.
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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