Anaplan (PLAN) Earns Buy Rating from Analysts at Needham & Company LLC

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Needham & Company LLC assumed coverage on shares of Anaplan (NYSE:PLAN) in a report issued on Tuesday, Marketbeat reports. The firm issued a buy rating and a $30.00 target price on the stock.

Separately, KeyCorp began coverage on Anaplan in a research report on Tuesday. They set a sector weight rating for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $27.33.

Shares of PLAN traded down $1.53 during trading hours on Tuesday, hitting $24.22. 354,048 shares of the stock were exchanged, compared to its average volume of 1,415,840. Anaplan has a 12-month low of $20.37 and a 12-month high of $27.30.

In related news, Director Robert E. Beauchamp bought 10,000 shares of the company’s stock in a transaction on Friday, October 12th. The stock was bought at an average cost of $24.21 per share, for a total transaction of $242,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Ying Xian Chung bought 3,600 shares of the company’s stock in a transaction on Tuesday, October 16th. The stock was bought at an average price of $17.00 per share, with a total value of $61,200.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,118,599 shares of company stock valued at $19,088,283.

About Anaplan

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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