David H. Morton, Jr. Sells 33,686 Shares of Anaplan Inc (NYSE:PLAN) Stock

Anaplan Inc (NYSE:PLAN) CFO David H. Morton, Jr. sold 33,686 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $55.79, for a total transaction of $1,879,341.94. Following the transaction, the chief financial officer now owns 89,995 shares of the company’s stock, valued at $5,020,821.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

David H. Morton, Jr. also recently made the following trade(s):

  • On Thursday, July 30th, David H. Morton, Jr. sold 30,000 shares of Anaplan stock. The shares were sold at an average price of $45.05, for a total transaction of $1,351,500.00.

NYSE PLAN opened at $58.51 on Wednesday. The stock has a 50-day simple moving average of $51.18 and a two-hundred day simple moving average of $44.02. The firm has a market capitalization of $8.18 billion, a P/E ratio of -54.18 and a beta of 2.06. Anaplan Inc has a fifty-two week low of $26.04 and a fifty-two week high of $63.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.46 and a current ratio of 1.46.

Anaplan (NYSE:PLAN) last released its quarterly earnings data on Wednesday, August 26th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.08. Anaplan had a negative return on equity of 46.17% and a negative net margin of 36.81%. The business had revenue of $106.50 million during the quarter, compared to analyst estimates of $103.49 million. During the same quarter last year, the business posted ($0.12) EPS. The company’s revenue was up 26.0% on a year-over-year basis. As a group, analysts forecast that Anaplan Inc will post -1.05 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of Anaplan from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. JMP Securities upped their target price on Anaplan from $55.00 to $63.00 in a report on Thursday, August 27th. Truist upped their price target on Anaplan from $53.00 to $70.00 in a report on Thursday, August 27th. Piper Sandler downgraded Anaplan from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Mizuho increased their price objective on Anaplan from $58.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $58.76.

A number of hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its position in Anaplan by 0.4% in the first quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock valued at $4,122,000 after purchasing an additional 387 shares during the period. Comerica Bank acquired a new stake in shares of Anaplan in the first quarter valued at approximately $930,000. BlackRock Inc. boosted its position in Anaplan by 8.5% during the first quarter. BlackRock Inc. now owns 5,380,633 shares of the company’s stock worth $162,819,000 after acquiring an additional 421,430 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Anaplan by 30.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 100,707 shares of the company’s stock worth $3,047,000 after acquiring an additional 23,490 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in Anaplan during the first quarter worth approximately $702,000. Institutional investors own 94.74% of the company’s stock.

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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