Anaplan Inc (NYSE:PLAN) Insider David Ying Xian Chung Sells 1,763 Shares

Anaplan Inc (NYSE:PLAN) insider David Ying Xian Chung sold 1,763 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $52.41, for a total transaction of $92,398.83. The sale was disclosed in a document filed with the SEC, which is available at this link.

David Ying Xian Chung also recently made the following trade(s):

  • On Monday, June 10th, David Ying Xian Chung sold 444 shares of Anaplan stock. The shares were sold at an average price of $47.12, for a total transaction of $20,921.28.
  • On Wednesday, May 29th, David Ying Xian Chung sold 21,239 shares of Anaplan stock. The shares were sold at an average price of $41.71, for a total transaction of $885,878.69.
  • On Wednesday, April 17th, David Ying Xian Chung sold 1,720 shares of Anaplan stock. The shares were sold at an average price of $35.45, for a total transaction of $60,974.00.

Anaplan stock opened at $52.97 on Monday. The stock has a 50 day moving average price of $45.95. The stock has a market capitalization of $6.84 billion and a P/E ratio of -30.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.94 and a current ratio of 1.94. Anaplan Inc has a fifty-two week low of $20.37 and a fifty-two week high of $53.47.



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

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Anaplan in the 1st quarter valued at $39,000. Neuburgh Advisers LLC bought a new stake in Anaplan during the 4th quarter worth about $27,000. Advisor Group Inc. bought a new stake in Anaplan during the 4th quarter worth about $41,000. Flinton Capital Management LLC bought a new stake in Anaplan during the 4th quarter worth about $42,000. Finally, Close Asset Management Ltd acquired a new position in Anaplan during the 1st quarter valued at about $79,000. Institutional investors and hedge funds own 35.05% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Anaplan from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, June 4th. Barclays increased their target price on shares of Anaplan from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. They noted that the move was a valuation call. Needham & Company LLC increased their price target on shares of Anaplan to $54.00 and gave the company an “average” rating in a research report on Wednesday, May 29th. FBN Securities initiated coverage on shares of Anaplan in a research report on Thursday, April 11th. They set an “outperform” rating and a $45.00 target price on the stock. Finally, Goldman Sachs Group lowered shares of Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 target price on the stock. in a research report on Monday, July 1st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $43.77.

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.

Read More: Limitations to arbitrage trading

Insider Buying and Selling by Quarter for Anaplan (NYSE:PLAN)

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.