Anaplan, Inc. (NYSE:PLAN) CRO William Schuh Sells 3,282 Shares of Stock
Anaplan, Inc. (NYSE:PLAN – Get Rating) CRO William Schuh sold 3,282 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $62.83, for a total value of $206,208.06. Following the completion of the transaction, the executive now owns 26,440 shares of the company’s stock, valued at $1,661,225.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of PLAN opened at $63.20 on Wednesday. The company has a market capitalization of $9.51 billion, a P/E ratio of -44.51 and a beta of 1.77. Anaplan, Inc. has a one year low of $39.92 and a one year high of $70.25. The stock has a 50-day moving average price of $64.87 and a 200 day moving average price of $54.03.
Anaplan (NYSE:PLAN – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $169.20 million during the quarter, compared to the consensus estimate of $165.28 million. Anaplan had a negative return on equity of 73.08% and a negative net margin of 33.25%. Anaplan’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Sell-side analysts anticipate that Anaplan, Inc. will post -1.34 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its holdings in Anaplan by 89.8% during the 1st quarter. Captrust Financial Advisors now owns 427 shares of the company’s stock worth $28,000 after buying an additional 202 shares during the last quarter. CWM LLC lifted its holdings in shares of Anaplan by 38.1% in the 1st quarter. CWM LLC now owns 576 shares of the company’s stock worth $37,000 after purchasing an additional 159 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Anaplan by 228.9% in the 1st 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 last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Anaplan by 28.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 903 shares of the company’s stock valued at $59,000 after acquiring an additional 201 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in Anaplan in the 4th quarter valued at approximately $64,000. 96.53% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on PLAN shares. Monness Crespi & Hardt lowered Anaplan from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 22nd. Needham & Company LLC restated a “hold” rating on shares of Anaplan in a research note on Monday, March 21st. Loop Capital upped their price target on Anaplan from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, March 3rd. Truist Financial lowered Anaplan from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Finally, Morgan Stanley upped their price target on Anaplan from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 3rd. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.13.
About Anaplan (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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