Walter & Keenan Financial Consulting Co. MI ADV purchased a new stake in Anaplan Inc (NYSE:PLAN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,050 shares of the company’s stock, valued at approximately $204,000.
Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Anaplan in the 1st quarter valued at about $39,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Anaplan during the 2nd quarter worth about $58,000. Evolution Wealth Advisors LLC bought a new stake in shares of Anaplan during the 2nd quarter worth about $64,000. Advisor Group Inc. bought a new stake in shares of Anaplan during the 4th quarter worth about $41,000. Finally, Close Asset Management Ltd bought a new stake in shares of Anaplan during the 1st quarter worth about $79,000. Hedge funds and other institutional investors own 36.15% of the company’s stock.
NYSE PLAN traded down $1.73 during trading on Wednesday, reaching $54.95. The company’s stock had a trading volume of 42,668 shares, compared to its average volume of 1,472,037. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $7.32 billion and a price-to-earnings ratio of -32.10. Anaplan Inc has a 12 month low of $20.37 and a 12 month high of $60.36. The company has a 50 day moving average of $55.36.
Anaplan (NYSE:PLAN) last posted its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million during the quarter, compared to the consensus estimate of $70.66 million. Anaplan’s quarterly revenue was up 46.9% on a year-over-year basis. As a group, research analysts anticipate that Anaplan Inc will post -1.15 earnings per share for the current fiscal year.
Several analysts recently commented on PLAN shares. Deutsche Bank started coverage on shares of Anaplan in a report on Wednesday, July 24th. They set a “buy” rating and a $70.00 target price for the company. Macquarie started coverage on shares of Anaplan in a report on Monday, July 15th. They set an “outperform” rating and a $65.00 target price for the company. Monness Crespi & Hardt lifted their target price on shares of Anaplan from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. KeyCorp reaffirmed a “hold” rating on shares of Anaplan in a report on Tuesday, May 28th. Finally, Compass Point started coverage on shares of Anaplan in a report on Tuesday. They set a “neutral” rating and a $58.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Anaplan has an average rating of “Buy” and an average target price of $47.88.
In other Anaplan news, Director Sandesh Kaveripatnam sold 495,000 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $49.52, for a total value of $24,512,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Frank Calderoni sold 49,703 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $56.03, for a total transaction of $2,784,859.09. The disclosure for this sale can be found here. Insiders sold a total of 1,387,603 shares of company stock valued at $68,590,442 in the last three months. Insiders own 37.20% 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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