Anaplan (NYSE:PLAN) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Anaplan (NYSE:PLAN) announced its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.04, Briefing.com reports. The company had revenue of $89.41 million for the quarter, compared to analysts’ expectations of $86.47 million. Anaplan had a negative net margin of 45.48% and a negative return on equity of 46.41%. The business’s revenue was up 44.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS.

PLAN stock opened at $53.24 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market cap of $7.00 billion and a P/E ratio of -30.95. The firm has a 50 day simple moving average of $47.97 and a 200 day simple moving average of $49.67. Anaplan has a 52 week low of $20.77 and a 52 week high of $60.36.

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In related news, CFO David H. Morton, Jr. sold 115,076 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.30, for a total transaction of $5,558,170.80. Also, Director Sandesh Kaveripatnam sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $52.30, for a total transaction of $4,184,000.00. Over the last 90 days, insiders have sold 946,078 shares of company stock valued at $48,238,835. 37.20% of the stock is currently owned by corporate insiders.

PLAN has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on shares of Anaplan from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Goldman Sachs Group lifted their price objective on shares of Anaplan from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Evercore ISI upgraded shares of Anaplan from an “in-line” rating to an “outperform” rating in a report on Tuesday, October 22nd. SunTrust Banks raised their target price on shares of Anaplan to $68.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup assumed coverage on shares of Anaplan in a report on Friday, October 25th. They issued a “neutral” rating and a $49.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $61.41.

Anaplan Company Profile

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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