Anaplan Inc (NYSE:PLAN) Insider Sells $53,113.50 in Stock

Anaplan Inc (NYSE:PLAN) insider David Ying Xian Chung sold 957 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $55.50, for a total transaction of $53,113.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, July 15th, David Ying Xian Chung sold 957 shares of Anaplan stock. The stock was sold at an average price of $57.49, for a total transaction of $55,017.93.
  • On Wednesday, July 3rd, David Ying Xian Chung sold 1,763 shares of Anaplan stock. The stock was sold at an average price of $52.41, for a total transaction of $92,398.83.
  • On Monday, June 10th, David Ying Xian Chung sold 444 shares of Anaplan stock. The stock was 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 stock was sold at an average price of $41.71, for a total transaction of $885,878.69.

Shares of PLAN traded up $2.51 on Friday, reaching $58.03. 1,580,742 shares of the company’s stock were exchanged, compared to its average volume of 1,470,374. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.32 billion and a P/E ratio of -33.74. The business has a 50 day moving average price of $55.75 and a two-hundred day moving average price of $43.30. Anaplan Inc has a 12 month low of $20.37 and a 12 month high of $60.36.



Anaplan (NYSE:PLAN) last posted its quarterly earnings results on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million for the quarter, compared to the consensus estimate of $70.66 million. Anaplan’s revenue for the quarter was up 46.9% compared to the same quarter last year. Equities research analysts predict that Anaplan Inc will post -1.15 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of PLAN. Wells Fargo & Company MN increased its stake in Anaplan by 16.3% in the first quarter. Wells Fargo & Company MN now owns 728,209 shares of the company’s stock valued at $28,662,000 after purchasing an additional 101,832 shares in the last quarter. Bank of America Corp DE bought a new stake in Anaplan in the fourth quarter valued at approximately $1,529,000. Norges Bank bought a new stake in Anaplan in the fourth quarter valued at approximately $398,000. Deutsche Bank AG bought a new stake in Anaplan in the fourth quarter valued at approximately $1,192,000. Finally, Legal & General Group Plc bought a new stake in Anaplan in the fourth quarter valued at approximately $74,000. 36.15% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of Anaplan in a research report on Tuesday. They set a “neutral” rating and a $58.00 target price on the stock. Zacks Investment Research lowered shares of Anaplan from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. JMP Securities upped their target price on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Morgan Stanley upped their target price on shares of Anaplan from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Needham & Company LLC upped their target price on shares of Anaplan to $54.00 and gave the stock an “average” rating in a research report on Wednesday, May 29th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Anaplan presently has an average rating of “Buy” and an average price target of $49.61.

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.

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

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