Anaplan, Inc. (NYSE:PLAN) CAO Gagan Dhingra Sells 870 Shares

Anaplan, Inc. (NYSE:PLAN) CAO Gagan Dhingra sold 870 shares of the stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $64.94, for a total transaction of $56,497.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Gagan Dhingra also recently made the following trade(s):

  • On Wednesday, September 1st, Gagan Dhingra sold 2,000 shares of Anaplan stock. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00.

Shares of PLAN traded up $0.06 during midday trading on Tuesday, hitting $65.06. The stock had a trading volume of 1,508,006 shares, compared to its average volume of 2,239,554. Anaplan, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $86.17. The business has a 50-day simple moving average of $58.90 and a two-hundred day simple moving average of $56.85. The firm has a market cap of $9.51 billion, a P/E ratio of -51.63 and a beta of 1.99.

Anaplan (NYSE:PLAN) last posted its quarterly earnings results on Monday, August 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.05. The business had revenue of $144.32 million during the quarter, compared to analyst estimates of $133.80 million. Anaplan had a negative net margin of 35.47% and a negative return on equity of 64.29%. The firm’s revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, equities analysts anticipate that Anaplan, Inc. will post -1.33 earnings per share for the current year.

A number of analysts recently weighed in on PLAN shares. Barclays increased their price objective on shares of Anaplan from $70.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, September 1st. They noted that the move was a valuation call. Berenberg Bank increased their price objective on shares of Anaplan from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 1st. Wells Fargo & Company increased their target price on shares of Anaplan from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, September 1st. They noted that the move was a valuation call. Loop Capital increased their target price on shares of Anaplan from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, September 2nd. Finally, Truist increased their target price on shares of Anaplan from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $79.17.

Several hedge funds and other institutional investors have recently bought and sold shares of PLAN. KB Financial Partners LLC purchased a new stake in shares of Anaplan in the first quarter worth approximately $28,000. Captrust Financial Advisors purchased a new stake in shares of Anaplan in the first quarter worth approximately $32,000. Lazard Asset Management LLC purchased a new stake in shares of Anaplan in the second quarter worth approximately $41,000. Fifth Third Bancorp lifted its position in shares of Anaplan by 100.0% in the second quarter. Fifth Third Bancorp now owns 800 shares of the company’s stock worth $43,000 after purchasing an additional 400 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Anaplan in the second quarter worth approximately $53,000. 91.18% of the stock is owned by institutional investors and hedge funds.

About Anaplan

Anaplan, Inc engages in the provision of 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, CA.

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