Anaplan (PLAN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Anaplan (NYSE:PLAN) posted its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01, Briefing.com reports. The company had revenue of $62.00 million for the quarter, compared to analysts’ expectations of $57.47 million. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. Anaplan updated its Q4 2019 guidance to EPS and its FY 2019 guidance to EPS.

NYSE:PLAN traded up $1.81 during trading hours on Wednesday, hitting $24.31. The company’s stock had a trading volume of 40,162 shares, compared to its average volume of 380,884. Anaplan has a 52-week low of $20.37 and a 52-week high of $27.30.

Several research firms recently commented on PLAN. JMP Securities began coverage on Anaplan in a report on Tuesday, November 6th. They issued an “outperform” rating and a $29.00 target price on the stock. Canaccord Genuity began coverage on Anaplan in a report on Tuesday, November 6th. They issued a “buy” rating and a $27.00 target price on the stock. Needham & Company LLC began coverage on Anaplan in a report on Tuesday, November 6th. They issued a “buy” rating and a $30.00 target price on the stock. Morgan Stanley began coverage on Anaplan in a report on Tuesday, November 6th. They issued an “equal weight” rating and a $23.00 target price on the stock. Finally, Evercore ISI began coverage on Anaplan in a report on Tuesday, November 6th. They issued an “inline” rating and a $26.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.33.

In other news, Director Robert E. Beauchamp acquired 10,000 shares of the company’s stock in a transaction on Friday, October 12th. The shares were bought at an average price of $24.21 per share, with a total value of $242,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Ying Xian Chung acquired 3,600 shares of the company’s stock in a transaction on Tuesday, October 16th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $61,200.00. The disclosure for this purchase can be found here. Insiders purchased 1,118,599 shares of company stock worth $19,088,283 in the last three months.

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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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