Anaplan (NYSE: PLAN) upgraded by Zacks Investment Research to retain
Anaplan (NYSE: PLAN) was upgraded by Zacks Investment Research from a “sell” rating to a “conservation” rating in a research note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “Anaplan, Inc. develops and publishes a cloud platform for business applications. The company offers a platform that enables business users to create and maintain strategic, operational and business planning and performance management. Anaplan, Inc. is based in California. , United States. “
PLAN has been the subject of a number of other research reports. Truist Securities raised its price target on Anaplan from $ 75.00 to $ 80.00 and gave the stock a “buy” rating in a research note on Wednesday, September 1. JMP Securities raised its price target on Anaplan from $ 82.00 to $ 87.00 and gave the stock a “market outperformance” rating in a Wednesday September 1 research note. Piper Sandler raised her price target on Anaplan from $ 67.00 to $ 77.00 and rated the stock “overweight” in a Wednesday September 1 research note. Truist raised its price target on Anaplan from $ 75.00 to $ 80.00 and gave the stock a “buy” rating in a research note on Wednesday, September 1. Finally, Morgan Stanley raised its price target on Anaplan from $ 65.00 to $ 80.00 and gave the stock an “overweight” rating in a research note on Thursday, September 2. Five analysts rated the stock with a conservation rating and twenty issued a buy rating for the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $ 78.96.
NYSE PLAN shares opened at $ 64.30 on Wednesday. The company has a market cap of $ 9.40 billion, a P / E ratio of -51.03 and a beta of 1.92. Anaplan has a one-year minimum of $ 46.00 and a one-year maximum of $ 86.17. The company’s 50-day moving average is $ 63.99 and its 200-day moving average is $ 58.46.
Anaplan (NYSE: PLAN) last announced its results on Monday, August 30. The company reported ($ 0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate ($ 0.14) by $ 0.05. Anaplan recorded a negative return on equity of 64.29% and a negative net margin of 35.47%. The company posted revenue of $ 144.32 million for the quarter, compared to analysts’ estimates of $ 133.80 million. In the same quarter of last year, the company made earnings per share ($ 0.04). The company’s quarterly revenue increased 35.5% compared to the same quarter last year. On average, research analysts expect Anaplan to post earnings per share of -1.33 for the current fiscal year.
Meanwhile, director Sandesh Kaveripatnam sold 225,000 shares of the company in a transaction on Thursday, September 2. The stock was sold at an average price of $ 66.77, for a total trade of $ 15,023,250.00. The transaction was disclosed in a file with the SEC, accessible through the SEC’s website. In addition, CAO Gagan Dhingra sold 870 shares of the company in a trade on Tuesday, September 14. The stock was sold for an average price of $ 64.94, for a total value of $ 56,497.80. Disclosure of this sale can be found here. In the past three months, insiders have sold 508,748 shares of the company valued at $ 33,157,845. 5.20% of the shares are currently held by insiders of the company.
A number of large investors have recently changed their positions in PLAN. First Trust Advisors LP increased its position in Anaplan by 0.4% during the 1st quarter. First Trust Advisors LP now owns 104,734 shares of the company valued at $ 4,122,000 after purchasing an additional 387 shares in the last quarter. SG Americas Securities LLC purchased a new position in Anaplan during the 1st quarter valued at $ 289,000. Stifel Financial Corp increased its position in Anaplan shares by 3.9% in the 1st quarter. Stifel Financial Corp now owns 22,632 shares of the company valued at $ 1,219,000 after acquiring an additional 847 shares in the last quarter. CIBC Asset Management Inc. increased its position in Anaplan shares by 8.9% in the 1st quarter. CIBC Asset Management Inc. now owns 5,230 shares of the company valued at $ 282,000 after acquiring 427 additional shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Anaplan shares by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 170,606 shares of the company valued at $ 9,181,000 after acquiring an additional 8,242 shares in the last quarter. 91.18% of the shares are held by institutional investors and hedge funds.
Anaplan Company Profile
Anaplan, Inc is committed to providing a cloud-based connected planning platform that connects organizations and people for decision making. 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, California.
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