Advisory Services Network LLC purchased a new position in shares of Anaplan Inc (NYSE:PLAN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $39,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Neuburgh Advisers LLC acquired a new position in Anaplan during the 4th quarter worth approximately $27,000. Advisor Group Inc. purchased a new stake in shares of Anaplan during the 4th quarter worth approximately $41,000. Flinton Capital Management LLC purchased a new stake in shares of Anaplan during the 4th quarter worth approximately $42,000. Legal & General Group Plc purchased a new stake in shares of Anaplan during the 4th quarter worth approximately $74,000. Finally, Close Asset Management Ltd purchased a new stake in shares of Anaplan during the 1st quarter worth approximately $79,000. 35.05% of the stock is owned by institutional investors.
PLAN has been the topic of a number of recent research reports. JMP Securities upped their target price on Anaplan from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. SunTrust Banks upped their target price on Anaplan to $52.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, June 4th. FBN Securities started coverage on Anaplan in a report on Thursday, April 11th. They issued an “outperform” rating and a $45.00 price target for the company. Finally, Monness Crespi & Hardt boosted their price target on Anaplan from $50.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.77.In related news, insider Frank Calderoni sold 149,188 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.79, for a total transaction of $5,190,250.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Ying Xian Chung sold 1,763 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $52.41, for a total transaction of $92,398.83. The disclosure for this sale can be found here. Insiders sold 1,487,851 shares of company stock worth $71,001,790 in the last three months. 37.20% of the stock is currently owned by corporate insiders.
NYSE:PLAN opened at $56.83 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.11. Anaplan Inc has a 1-year low of $20.37 and a 1-year high of $57.82. The firm has a 50-day moving average price of $48.27. The stock has a market cap of $7.39 billion and a PE ratio of -33.04.
Anaplan (NYSE:PLAN) last issued its quarterly earnings results on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.18. The company had revenue of $75.80 million for the quarter, compared to the consensus estimate of $70.66 million. The firm’s revenue for the quarter was up 46.9% compared to the same quarter last year. On average, analysts predict that Anaplan Inc will post -1.15 earnings per share for the current year.
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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