Insider Selling: Anaplan, Inc. (NYSE:PLAN) CEO Sells 45,000 Shares of Stock

Anaplan, Inc. (NYSE:PLAN) CEO Frank Calderoni sold 45,000 shares of the firm’s stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $60.06, for a total value of $2,702,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Tuesday, September 14th, Frank Calderoni sold 37,287 shares of Anaplan stock. The shares were sold at an average price of $64.94, for a total value of $2,421,417.78.
  • On Friday, September 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The shares were sold at an average price of $65.82, for a total value of $2,961,900.00.
  • On Wednesday, September 1st, Frank Calderoni sold 73,541 shares of Anaplan stock. The shares were sold at an average price of $70.02, for a total value of $5,149,340.82.
  • On Tuesday, August 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The shares were sold at an average price of $55.28, for a total value of $2,487,600.00.

NYSE:PLAN traded up $2.50 during midday trading on Wednesday, reaching $63.67. 1,596,900 shares of the company traded hands, compared to its average volume of 2,132,617. Anaplan, Inc. has a twelve month low of $46.00 and a twelve month high of $86.17. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of -50.53 and a beta of 1.99. The company has a fifty day moving average price of $61.88 and a 200 day moving average price of $57.62.

Anaplan (NYSE:PLAN) last released its quarterly earnings data on Monday, August 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. Anaplan had a negative return on equity of 64.29% and a negative net margin of 35.47%. The business had revenue of $144.32 million during the quarter, compared to analyst estimates of $133.80 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, sell-side analysts predict that Anaplan, Inc. will post -1.33 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd boosted its position in Anaplan by 366.0% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 25,461 shares of the company’s stock worth $1,371,000 after acquiring an additional 19,997 shares during the period. Swiss National Bank boosted its position in Anaplan by 10.2% during the 2nd quarter. Swiss National Bank now owns 281,500 shares of the company’s stock worth $15,004,000 after acquiring an additional 26,000 shares during the period. Blair William & Co. IL boosted its position in Anaplan by 197.1% during the 1st quarter. Blair William & Co. IL now owns 68,794 shares of the company’s stock worth $3,705,000 after acquiring an additional 45,642 shares during the period. Duality Advisers LP boosted its position in Anaplan by 541.8% during the 1st quarter. Duality Advisers LP now owns 38,485 shares of the company’s stock worth $2,072,000 after acquiring an additional 32,489 shares during the period. Finally, Melqart Asset Management UK Ltd acquired a new position in Anaplan during the 1st quarter worth $10,591,000. Institutional investors own 91.18% of the company’s stock.

Several equities research analysts have issued reports on the company. Loop Capital lifted their price objective on Anaplan from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, September 2nd. Barclays lifted their price objective on Anaplan from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, September 17th. They noted that the move was a valuation call. JMP Securities lifted their price objective on Anaplan from $82.00 to $87.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 1st. Jefferies Financial Group lifted their price objective on Anaplan from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, September 1st. Finally, The Goldman Sachs Group lifted their price objective on Anaplan from $59.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $78.96.

Anaplan Company Profile

Anaplan, Inc engages in the provision of cloud-based connected planning platform that connects organizations and people for decision making. 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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