Anaplan, Inc. (NYSE:PLAN) could be among the worst stocks to invest in right now as the company shares are trading 3.84% or 1.53 points down from last closing price of $39.86, reaching $38.33 at last check. Any clue why there is so much of action in the PLAN stock? The share price has dropped in 3 of the last 5 days and is up 27.06% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -1,380,925 shares, and in total 243775 shares valued at $9.344 million were seen changing hands compared with 1.625 million shares valued at $64.761 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the PLAN stock is near its bottom.
Anaplan, Inc. (PLAN) shares have notched a 3-month gain of about 27.06%, but has still advanced 50.19% year to date. By comparison, the stock sank 0% over the past 12 months, while it jumped 11.37% over the 1 month. The company’s market cap is around $4.84B, with its short interest ratio standing at 3.29%.
In the current trading session for PLAN, the stock witnessed two major price actions, it rose to a high of $39.5 and was down as much as $38.18 at one point. The high recorded is very low when compared to their 52-week high which is $20.37. The 52-week high is now at -8.09 distance from current price. Their recent low of $41.76 represents a 88.42% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for PLAN is $41.82, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Anaplan, Inc. earned $-1.03 per share in the trailing 12 months and has a P/E ratio of -37.21. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 19.64 and lower compared to the sector’s average of 33.99. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. PLAN also has P/S multiple of 19.36. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.09x.
The company recorded an interesting insider sale transaction by the Insider on Apr 18, 2019. A Securities and Exchanges Commission filings show that Frank Calderoni sold a total of 149,188 PLAN shares that day for a sum of around $5,190,251. Anaplan, Inc. (PLAN) insiders have acquired 207,154 shares in the stock within the past three months. In total, individual insiders traded 358,062 shares in the business, which makes up 0.523% of 68,464,498 shares that were traded over a year. In the past 12 months, insiders have purchased 67,159,627 shares while the seller parted with 1,304,871 shares.
PLAN‘s last price was up 23.78% as compared to the average trading price of 50 days recorded at $30.97 while enlarging the period to 200 trading days, the average closing price was $38.05. At present, there are 121.54 million in the total number of common shares owned by the public and among those 101.84 million shares have been available to trade. The percentage of shares being held by the company management was 1.2% while institutions stake was 45.5%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 72% over the past 12 months.
When assessing the full upside of the PLAN stock, there is another set of technicals that should be looked into and considered. Its 2.08% gain from moving average of $37.55 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Anaplan, Inc. — 7 analysts rate the stock as a buy with another 0 rating it strong buy. There are 4 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $34.3636 on shares of Anaplan, Inc. (NYSE:PLAN), which corresponds to 10.14% downside potential than its current market price of $38.33 and implies potential despite the recent drop in the price. However, their current target price has climbed from $33.3 a month ago and is up handily from the consensus target of $27.5556 a quarter ago.
Let’s briefly check the hedge fund interest towards PLAN stock. Advisor Group Inc. added position in the company after it grew 21.3% or 1,722 shares of its common stock. The hedge fund now owns 2,089 shares worth $80,071, SEC documents show. BlackRock Inc. shored up assets in the stock as 1133463 shares have been purchased, increasing its stake by 2.1% to 1,157,266 shares which are currently valued at $44,358,006. In addition, California State Teachers Retirement System recently reported that it now owns 27,548 shares making a total of $1,055,915 based on the recent price. This refelects a change of -22.3% in their ownership.