Artemis Investment Management LLP increased its holdings in Anaplan Inc (NYSE:PLAN) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,994 shares of the company’s stock after purchasing an additional 4,569 shares during the quarter. Artemis Investment Management LLP owned 0.08% of Anaplan worth $4,804,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Anaplan during the 1st quarter worth approximately $39,000. Advisor Group Inc. purchased a new stake in Anaplan in the 4th quarter valued at $41,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Anaplan in the 2nd quarter valued at $58,000. Evolution Wealth Advisors LLC purchased a new stake in Anaplan in the 2nd quarter valued at $64,000. Finally, Legal & General Group Plc purchased a new stake in Anaplan in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 39.86% of the company’s stock.
Shares of NYSE PLAN traded down $4.24 during mid-day trading on Wednesday, hitting $53.47. 6,843,497 shares of the stock traded hands, compared to its average volume of 1,569,724. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 1.94. Anaplan Inc has a 52 week low of $20.37 and a 52 week high of $60.36. The company has a market cap of $7.37 billion and a price-to-earnings ratio of -31.09. The stock has a fifty day moving average price of $57.05 and a 200-day moving average price of $44.69.
Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, August 27th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.01). The firm had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $78.25 million. Anaplan’s revenue for the quarter was up 46.2% on a year-over-year basis. As a group, sell-side analysts predict that Anaplan Inc will post -1.15 EPS for the current fiscal year.
In other Anaplan news, Chairman Frank Calderoni sold 49,703 shares of Anaplan stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $56.03, for a total transaction of $2,784,859.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Ying Xian Chung sold 1,763 shares of Anaplan stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $52.41, for a total value of $92,398.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,318,955 shares of company stock valued at $65,929,926. 37.20% of the stock is currently owned by insiders.
A number of equities research analysts recently commented on the company. Goldman Sachs Group increased their price target on Anaplan from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Anaplan from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Canaccord Genuity reissued a “top pick” rating and issued a $65.00 price target (up from $50.00) on shares of Anaplan in a research report on Wednesday. Royal Bank of Canada assumed coverage on Anaplan in a research report on Wednesday. They issued an “outperform” rating and a $70.00 price target for the company. Finally, Compass Point started coverage on Anaplan in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $58.00 price target for the company. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $55.94.
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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