Insider Selling: Anaplan Inc (NYSE:PLAN) Insider Sells $65,446.50 in Stock

Anaplan Inc (NYSE:PLAN) insider David Ying Xian Chung sold 1,355 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.30, for a total value of $65,446.50.

David Ying Xian Chung also recently made the following trade(s):

  • On Monday, September 16th, David Ying Xian Chung sold 3,805 shares of Anaplan stock. The shares were sold at an average price of $46.50, for a total value of $176,932.50.
  • On Thursday, August 15th, David Ying Xian Chung sold 957 shares of Anaplan stock. The shares were sold at an average price of $55.50, for a total value of $53,113.50.
  • On Monday, July 15th, David Ying Xian Chung sold 957 shares of Anaplan stock. The shares were sold at an average price of $57.49, for a total value of $55,017.93.
  • On Wednesday, July 3rd, David Ying Xian Chung sold 1,763 shares of Anaplan stock. The shares were sold at an average price of $52.41, for a total value of $92,398.83.

Shares of NYSE PLAN opened at $50.71 on Thursday. The stock has a fifty day simple moving average of $54.32 and a two-hundred day simple moving average of $46.37. Anaplan Inc has a 1-year low of $20.37 and a 1-year high of $60.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.87 and a quick ratio of 1.87.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Coatue Management LLC grew its holdings in Anaplan by 33.7% during the second quarter. Coatue Management LLC now owns 12,110,110 shares of the company’s stock valued at $611,198,000 after purchasing an additional 3,053,613 shares during the period. Vanguard Group Inc. grew its holdings in Anaplan by 349.7% during the second quarter. Vanguard Group Inc. now owns 7,370,796 shares of the company’s stock valued at $372,004,000 after purchasing an additional 5,731,817 shares during the period. Nuveen Asset Management LLC bought a new position in Anaplan during the second quarter valued at $118,659,000. BlackRock Inc. grew its holdings in Anaplan by 97.8% during the second quarter. BlackRock Inc. now owns 2,289,309 shares of the company’s stock valued at $115,542,000 after purchasing an additional 1,132,043 shares during the period. Finally, Invesco Ltd. grew its holdings in Anaplan by 2,460.9% during the second quarter. Invesco Ltd. now owns 2,053,941 shares of the company’s stock valued at $103,662,000 after purchasing an additional 1,973,737 shares during the period. 63.95% of the stock is owned by institutional investors and hedge funds.

PLAN has been the subject of a number of research analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $65.00 price target (up from $52.00) on shares of Anaplan in a research report on Wednesday, August 28th. JMP Securities increased their price target on Anaplan from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. Macquarie initiated coverage on Anaplan in a research report on Monday, July 15th. They set an “outperform” rating and a $65.00 price target for the company. Canaccord Genuity increased their price target on Anaplan from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Anaplan in a research report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Anaplan has a consensus rating of “Buy” and a consensus target price of $55.94.

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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Insider Buying and Selling by Quarter for Anaplan (NYSE:PLAN)

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