Short Interest in Anaplan, Inc. (NYSE:PLAN) Rises By 33.7%

Anaplan, Inc. (NYSE:PLAN – Get Rating) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 13,240,000 shares, a growth of 33.7% from the March 31st total of 9,900,000 shares. Approximately 9.8% of the company’s shares are short sold. Based on an average trading volume of 7,380,000 shares, the days-to-cover ratio is presently 1.8 days.

In other news, insider Ana G. Pinczuk sold 7,428 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.94, for a total value of $341,242.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank Calderoni sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 10th. The stock was sold at an average price of $46.64, for a total value of $1,399,200.00. The disclosure for this sale can be found here. Insiders sold 143,906 shares of company stock valued at $6,927,842 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Anaplan by 28.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 903 shares of the company’s stock valued at $59,000 after purchasing an additional 201 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Anaplan by 169.7% during the first quarter. SG Americas Securities LLC now owns 7,426 shares of the company’s stock worth $483,000 after acquiring an additional 4,673 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Anaplan during the first quarter worth $384,000. Mint Tower Capital Management B.V. purchased a new stake in shares of Anaplan during the first quarter worth $3,802,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Anaplan during the first quarter worth $4,027,000. Hedge funds and other institutional investors own 96.53% of the company’s stock.

Several equities analysts have recently issued reports on PLAN shares. Morgan Stanley lifted their price target on Anaplan from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, March 3rd. Truist Financial downgraded Anaplan from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $66.00 price objective on shares of Anaplan in a report on Tuesday, March 22nd. BMO Capital Markets raised their price objective on Anaplan from $49.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, March 3rd. Finally, Wolfe Research reissued a “peer perform” rating and set a $66.00 price objective on shares of Anaplan in a report on Monday, March 21st. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Anaplan currently has a consensus rating of “Hold” and a consensus price target of $64.81.

PLAN traded up $0.10 during midday trading on Monday, reaching $65.09. 269,799 shares of the company were exchanged, compared to its average volume of 6,396,257. The company’s fifty day moving average price is $57.66 and its 200 day moving average price is $53.09. The company has a market cap of $9.78 billion, a price-to-earnings ratio of -46.82 and a beta of 1.90. Anaplan has a one year low of $39.92 and a one year high of $70.25.

Anaplan (NYSE:PLAN – Get Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). Anaplan had a negative return on equity of 75.03% and a negative net margin of 34.38%. The company had revenue of $162.68 million for the quarter, compared to the consensus estimate of $154.79 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, sell-side analysts forecast that Anaplan will post -1.34 EPS for the current year.

Anaplan Company Profile (Get Rating)

Anaplan, Inc provides a cloud-based connected planning platform to connect organizations and people in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its platform in-memory data storage and calculation capabilities deliver calculations of data in real time and provide a single source of information for planning, ensuring the consistency, quality, and integrity of the data utilized across the enterprise.

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