Anaplan, Inc. (NYSE:PLAN) Given Average Rating of “Hold” by Analysts

Anaplan, Inc. (NYSE:PLANGet Rating) has been assigned an average recommendation of “Hold” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.23.

A number of brokerages recently commented on PLAN. Barclays increased their price objective on shares of Anaplan from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, March 3rd. Needham & Company LLC reissued a “hold” rating on shares of Anaplan in a research note on Monday, March 21st. UBS Group cut shares of Anaplan from a “buy” rating to a “neutral” rating and raised their price target for the stock from $65.00 to $66.00 in a research note on Tuesday, March 22nd. Truist Financial cut shares of Anaplan from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Finally, Wells Fargo & Company decreased their price target on shares of Anaplan from $66.00 to $63.75 and set an “equal weight” rating on the stock in a research note on Tuesday, June 7th.

NYSE:PLAN opened at $63.73 on Thursday. Anaplan has a fifty-two week low of $39.92 and a fifty-two week high of $70.25. The stock has a market cap of $9.59 billion, a PE ratio of -44.88 and a beta of 1.77. The firm’s fifty day simple moving average is $64.66 and its 200-day simple moving average is $54.83.

Anaplan (NYSE:PLANGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. Anaplan had a negative net margin of 33.25% and a negative return on equity of 73.08%. The business had revenue of $169.20 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same period in the prior year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, analysts forecast that Anaplan will post -1.34 EPS for the current year.

In other Anaplan news, insider Ana G. Pinczuk sold 24,757 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $62.83, for a total value of $1,555,482.31. Following the completion of the sale, the insider now owns 80,210 shares of the company’s stock, valued at $5,039,594.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Calderoni sold 36,754 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $62.83, for a total transaction of $2,309,253.82. Following the completion of the sale, the chief executive officer now directly owns 790,250 shares of the company’s stock, valued at approximately $49,651,407.50. The disclosure for this sale can be found here. Insiders sold 70,626 shares of company stock worth $4,437,432 in the last 90 days. 5.20% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of PLAN. Captrust Financial Advisors grew its position in shares of Anaplan by 89.8% during the first quarter. Captrust Financial Advisors now owns 427 shares of the company’s stock worth $28,000 after buying an additional 202 shares in the last quarter. CWM LLC boosted its holdings in Anaplan by 38.1% in the first quarter. CWM LLC now owns 576 shares of the company’s stock worth $37,000 after purchasing an additional 159 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Anaplan by 228.9% in the first quarter. PNC Financial Services Group Inc. now owns 740 shares of the company’s stock worth $49,000 after purchasing an additional 515 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Anaplan by 28.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 903 shares of the company’s stock worth $59,000 after purchasing an additional 201 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in Anaplan in the fourth quarter worth $64,000. 96.53% of the stock is owned by institutional investors.

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.

Further Reading

Analyst Recommendations for Anaplan (NYSE:PLAN)

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