Brokerages Set Anaplan Inc (PLAN) PT at $27.33

Anaplan Inc (NYSE:PLAN) has earned an average rating of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $27.33.

A number of brokerages have recently commented on PLAN. KeyCorp began coverage on Anaplan in a research note on Tuesday. They issued a “sector weight” rating for the company. Barclays began coverage on Anaplan in a research note on Tuesday. They issued an “overweight” rating and a $30.00 price target for the company. Piper Jaffray Companies began coverage on Anaplan in a research note on Tuesday. They issued an “overweight” rating and a $28.00 price target for the company. JMP Securities began coverage on Anaplan in a research note on Tuesday. They issued an “outperform” rating and a $29.00 price target for the company. Finally, Goldman Sachs Group began coverage on Anaplan in a research note on Tuesday. They issued a “neutral” rating and a $25.00 price target for the company.

Shares of PLAN opened at $25.75 on Tuesday. Anaplan has a 52 week low of $20.37 and a 52 week high of $27.30.

In related news, Director Robert E. Beauchamp bought 10,000 shares of the stock in a transaction that occurred on Friday, October 12th. The stock was acquired at an average cost of $24.21 per share, with a total value of $242,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandesh Kaveripatnam bought 1,104,999 shares of the stock in a transaction that occurred on Tuesday, October 16th. The shares were bought at an average cost of $17.00 per share, with a total value of $18,784,983.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,118,599 shares of company stock valued at $19,088,283.

Anaplan Company Profile

Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.

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Analyst Recommendations for Anaplan (NYSE:PLAN)

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