Anaplan (PLAN) Announces Earnings Results

Anaplan (NYSE:PLAN) posted its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01, Briefing.com reports. The company had revenue of $62.00 million during the quarter, compared to analyst estimates of $57.47 million. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. Anaplan updated its Q4 2019 guidance to EPS and its FY 2019 guidance to EPS.

PLAN opened at $26.14 on Friday. Anaplan has a fifty-two week low of $20.37 and a fifty-two week high of $27.30.

In related news, Director Robert E. Beauchamp acquired 10,000 shares of the stock in a transaction on Friday, October 12th. The shares were acquired at an average price of $24.21 per share, with a total value of $242,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandesh Kaveripatnam acquired 1,104,999 shares of the stock in a transaction on Tuesday, October 16th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $18,784,983.00. The disclosure for this purchase can be found here. Insiders have purchased 1,118,599 shares of company stock worth $19,088,283 over the last three months.

A number of equities research analysts have commented on the stock. JMP Securities assumed coverage on shares of Anaplan in a report on Tuesday, November 6th. They issued an “outperform” rating and a $29.00 price target for the company. Canaccord Genuity initiated coverage on shares of Anaplan in a report on Tuesday, November 6th. They set a “buy” rating and a $27.00 price objective for the company. Needham & Company LLC started coverage on shares of Anaplan in a report on Tuesday, November 6th. They set a “buy” rating and a $30.00 price objective for the company. Morgan Stanley started coverage on shares of Anaplan in a research report on Tuesday, November 6th. They set an “equal weight” rating and a $23.00 price target on the stock. Finally, Evercore ISI started coverage on shares of Anaplan in a research report on Tuesday, November 6th. They set an “inline” rating and a $26.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.33.

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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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