Anaplan (PLAN) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Anaplan (NYSE:PLAN) posted its earnings results on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.18, Briefing.com reports. The company had revenue of $75.80 million for the quarter, compared to analyst estimates of $70.66 million. The business’s quarterly revenue was up 46.9% on a year-over-year basis. Anaplan updated its FY 2020 guidance to EPS and its Q2 2020 guidance to EPS.

NYSE:PLAN opened at $42.33 on Thursday. Anaplan has a fifty-two week low of $20.37 and a fifty-two week high of $44.90. The stock has a market cap of $5.55 billion and a PE ratio of -24.61.

In other news, insider Frank Calderoni sold 149,188 shares of Anaplan stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.79, for a total transaction of $5,190,250.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO David Ying Xian Chung sold 1,720 shares of Anaplan stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total value of $60,974.00. The disclosure for this sale can be found here. Insiders have sold a total of 199,274 shares of company stock worth $7,078,976 in the last quarter.



Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in Anaplan in the 1st quarter valued at approximately $39,000. Neuburgh Advisers LLC bought a new stake in Anaplan in the 4th quarter valued at approximately $27,000. Advisor Group Inc. bought a new stake in Anaplan in the 4th quarter valued at approximately $41,000. Flinton Capital Management LLC bought a new stake in Anaplan in the 4th quarter valued at approximately $42,000. Finally, Close Asset Management Ltd bought a new stake in Anaplan in the 1st quarter valued at approximately $79,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Several research firms have recently issued reports on PLAN. Needham & Company LLC boosted their target price on Anaplan to $54.00 and gave the stock an “average” rating in a research report on Wednesday. Barclays reiterated a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Monness Crespi & Hardt started coverage on Anaplan in a report on Monday, March 25th. They set a “buy” rating and a $50.00 price objective on the stock. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price objective on shares of Anaplan in a report on Tuesday, February 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Anaplan in a report on Tuesday, February 26th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Anaplan presently has a consensus rating of “Buy” and a consensus price target of $40.92.

COPYRIGHT VIOLATION WARNING: This article was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://dakotafinancialnews.com/2019/05/30/anaplan-plan-releases-quarterly-earnings-results-beats-estimates-by-0-18-eps.html.

About Anaplan

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.

See Also: How Do Tariffs Affect Trade Balances?

Receive News & Ratings for Anaplan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anaplan and related companies with MarketBeat.com's FREE daily email newsletter.