Anaplan Inc (NYSE:PLAN) Insider Sells $176,932.50 in Stock

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Anaplan Inc (NYSE:PLAN) insider David Ying Xian Chung sold 3,805 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.50, for a total value of $176,932.50.

David Ying Xian Chung also recently made the following trade(s):

  • On Thursday, September 12th, David Ying Xian Chung sold 1,355 shares of Anaplan stock. The shares were sold at an average price of $48.30, for a total value of $65,446.50.
  • On Thursday, August 15th, David Ying Xian Chung sold 957 shares of Anaplan stock. The shares were sold at an average price of $55.50, for a total value of $53,113.50.
  • On Monday, July 15th, David Ying Xian Chung sold 957 shares of Anaplan stock. The shares were sold at an average price of $57.49, for a total value of $55,017.93.
  • On Wednesday, July 3rd, David Ying Xian Chung sold 1,763 shares of Anaplan stock. The shares were sold at an average price of $52.41, for a total value of $92,398.83.

PLAN traded up $0.29 during trading hours on Thursday, hitting $51.00. The stock had a trading volume of 605,394 shares, compared to its average volume of 3,261,728. The company’s fifty day simple moving average is $54.32 and its 200 day simple moving average is $46.37. Anaplan Inc has a 1 year low of $20.37 and a 1 year high of $60.36. The stock has a market cap of $6.42 billion and a PE ratio of -29.65. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.11.

Anaplan (NYSE:PLAN) last announced its quarterly earnings data on Tuesday, August 27th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.01). Anaplan had a negative return on equity of 46.52% and a negative net margin of 50.87%. The firm had revenue of $84.50 million during the quarter, compared to analysts’ expectations of $78.25 million. Anaplan’s quarterly revenue was up 46.2% on a year-over-year basis. As a group, equities analysts expect that Anaplan Inc will post -1.11 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Anaplan by 16.3% in the 1st quarter. Wells Fargo & Company MN now owns 728,209 shares of the company’s stock worth $28,662,000 after acquiring an additional 101,832 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in Anaplan in the 2nd quarter worth about $318,000. Hillsdale Investment Management Inc. purchased a new stake in Anaplan in the 2nd quarter worth about $106,000. Trexquant Investment LP purchased a new stake in Anaplan in the 2nd quarter worth about $2,187,000. Finally, Quantamental Technologies LLC purchased a new stake in Anaplan in the 2nd quarter worth about $43,000. 63.95% of the stock is owned by institutional investors.

PLAN has been the subject of several research analyst reports. Morgan Stanley raised their target price on Anaplan from $49.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Deutsche Bank initiated coverage on Anaplan in a research report on Wednesday, July 24th. They set a “buy” rating and a $70.00 target price for the company. Canaccord Genuity raised their target price on Anaplan from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Macquarie initiated coverage on Anaplan in a research report on Monday, July 15th. They set an “outperform” rating and a $65.00 target price for the company. Finally, JMP Securities raised their target price on Anaplan from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $55.94.

Anaplan Company Profile

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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Insider Buying and Selling by Quarter for Anaplan (NYSE:PLAN)

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