Anaplan Inc (NYSE:PLAN) Insider Sells $2,523,581.50 in Stock

Anaplan Inc (NYSE:PLAN) insider Frank Calderoni sold 49,550 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $50.93, for a total value of $2,523,581.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Frank Calderoni also recently made the following trade(s):

  • On Wednesday, May 22nd, Frank Calderoni sold 48,366 shares of Anaplan stock. The shares were sold at an average price of $37.79, for a total value of $1,827,751.14.
  • On Thursday, April 18th, Frank Calderoni sold 149,188 shares of Anaplan stock. The shares were sold at an average price of $34.79, for a total value of $5,190,250.52.

Shares of NYSE:PLAN opened at $49.33 on Thursday. The company’s 50-day moving average is $43.74. Anaplan Inc has a 12-month low of $20.37 and a 12-month high of $53.00. The company has a market capitalization of $6.53 billion and a PE ratio of -28.68. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.11.

Anaplan (NYSE:PLAN) last announced its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.18. The company had revenue of $75.80 million for the quarter, compared to the consensus estimate of $70.66 million. The firm’s quarterly revenue was up 46.9% compared to the same quarter last year. As a group, research analysts expect that Anaplan Inc will post -1.15 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salesforce Com Inc. bought a new stake in shares of Anaplan in the fourth quarter worth about $79,105,000. Kiwi Wealth Investments Limited Partnership bought a new stake in shares of Anaplan in the fourth quarter worth about $1,452,000. Arrowgrass Capital Partners US LP bought a new stake in shares of Anaplan in the fourth quarter worth about $1,592,000. Meritech Capital Associates IV L.L.C. bought a new stake in shares of Anaplan in the fourth quarter worth about $210,369,000. Finally, Raymond James & Associates bought a new stake in shares of Anaplan in the fourth quarter worth about $1,079,000. 35.05% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on PLAN shares. Zacks Investment Research cut Anaplan from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Monness Crespi & Hardt started coverage on Anaplan in a research note on Monday, March 25th. They set a “buy” rating and a $50.00 price objective on the stock. FBN Securities started coverage on Anaplan in a research note on Thursday, April 11th. They set an “outperform” rating and a $45.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of Anaplan in a research note on Tuesday, May 28th. Finally, JMP Securities raised their price objective on Anaplan from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $41.42.

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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