Anaplan (PLAN) Coverage Initiated by Analysts at Evercore ISI

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Evercore ISI assumed coverage on shares of Anaplan (NYSE:PLAN) in a research report sent to investors on Tuesday, MarketBeat.com reports. The firm issued an inline rating and a $26.00 target price on the stock.

Several other research firms also recently weighed in on PLAN. KeyCorp initiated coverage on Anaplan in a research note on Tuesday. They set a sector weight rating on the stock. Needham & Company LLC initiated coverage on Anaplan in a research note on Tuesday. They set a buy rating and a $30.00 price target on the stock. Goldman Sachs Group initiated coverage on Anaplan in a research note on Tuesday. They set a neutral rating and a $25.00 price target on the stock. Piper Jaffray Companies initiated coverage on Anaplan in a research note on Tuesday. They set an overweight rating and a $28.00 price target on the stock. Finally, JMP Securities initiated coverage on Anaplan in a research note on Tuesday. They set an outperform rating and a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $27.33.

Shares of PLAN stock opened at $23.70 on Tuesday. Anaplan has a 1-year low of $20.37 and a 1-year high of $26.97.

In other news, Director Sandesh Kaveripatnam purchased 1,104,999 shares of the company’s stock in a transaction on Tuesday, October 16th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $18,784,983.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Beauchamp purchased 10,000 shares of the company’s stock in a transaction on Friday, October 12th. The shares were purchased at an average price of $24.21 per share, for a total transaction of $242,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,118,599 shares of company stock worth $19,088,283.

Anaplan Company Profile

Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.

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Analyst Recommendations for Anaplan (NYSE:PLAN)

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