Anaplan Inc (NYSE:PLAN) CEO Sells $1,316,293.50 in Stock

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Anaplan Inc (NYSE:PLAN) CEO Frank Calderoni sold 47,434 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $27.75, for a total transaction of $1,316,293.50. Following the completion of the transaction, the chief executive officer now directly owns 1,356,670 shares of the company’s stock, valued at approximately $37,647,592.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, March 11th, Frank Calderoni sold 3,758 shares of Anaplan stock. The shares were sold at an average price of $36.66, for a total transaction of $137,768.28.
  • On Tuesday, January 21st, Frank Calderoni sold 48,249 shares of Anaplan stock. The shares were sold at an average price of $56.04, for a total transaction of $2,703,873.96.
  • On Friday, January 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The shares were sold at an average price of $56.96, for a total transaction of $2,563,200.00.
  • On Thursday, January 2nd, Frank Calderoni sold 5,043 shares of Anaplan stock. The shares were sold at an average price of $54.01, for a total transaction of $272,372.43.

PLAN stock opened at $35.72 on Friday. The company has a fifty day moving average price of $47.15 and a 200-day moving average price of $50.38. The company has a market capitalization of $4.84 billion, a P/E ratio of -31.33 and a beta of 1.42. Anaplan Inc has a 52-week low of $26.10 and a 52-week high of $63.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.60 and a current ratio of 1.60.

Anaplan (NYSE:PLAN) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. Anaplan had a negative net margin of 42.88% and a negative return on equity of 47.47%. The company had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $97.17 million. During the same period in the prior year, the company posted ($0.13) earnings per share. Anaplan’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Anaplan Inc will post -1.18 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of PLAN. First Trust Advisors LP increased its position in shares of Anaplan by 0.4% during the first quarter. First Trust Advisors LP now owns 104,734 shares of the company’s stock worth $4,122,000 after buying an additional 387 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Anaplan during the third quarter worth $40,000. Colony Group LLC acquired a new stake in shares of Anaplan during the third quarter worth $220,000. Voya Investment Management LLC increased its position in shares of Anaplan by 1.4% during the third quarter. Voya Investment Management LLC now owns 23,031 shares of the company’s stock worth $1,082,000 after buying an additional 322 shares during the period. Finally, State Street Corp increased its position in shares of Anaplan by 9.7% during the third quarter. State Street Corp now owns 991,784 shares of the company’s stock worth $46,614,000 after buying an additional 87,602 shares during the period. Institutional investors own 79.65% of the company’s stock.

Several equities analysts recently commented on the stock. FBN Securities dropped their price objective on shares of Anaplan from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada dropped their price target on shares of Anaplan from $75.00 to $51.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. ValuEngine raised shares of Anaplan from a “hold” rating to a “buy” rating in a research note on Tuesday, March 17th. Wells Fargo & Co dropped their price target on shares of Anaplan from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Finally, Morgan Stanley dropped their price target on shares of Anaplan from $53.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anaplan currently has an average rating of “Buy” and an average target price of $57.74.

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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