Anaplan (NYSE:PLAN – Get Rating) posted its earnings results on Thursday. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06, Fidelity Earnings reports. The business had revenue of $169.20 million during the quarter, compared to analyst estimates of $165.28 million. Anaplan had a negative return on equity of 75.03% and a negative net margin of 34.38%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS.
Shares of PLAN opened at $65.70 on Friday. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of -47.27 and a beta of 1.77. Anaplan has a 1 year low of $39.92 and a 1 year high of $70.25. The business’s 50 day simple moving average is $65.04 and its 200-day simple moving average is $53.27.
In other Anaplan news, CFO Vikas D. Mehta sold 11,441 shares of Anaplan stock in a transaction on Friday, March 11th. The shares were sold at an average price of $45.94, for a total transaction of $525,599.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank Calderoni sold 60,000 shares of Anaplan stock in a transaction on Friday, March 18th. The stock was sold at an average price of $50.03, for a total transaction of $3,001,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,906 shares of company stock valued at $5,528,642. 5.20% of the stock is currently owned by insiders.
A number of analysts have commented on PLAN shares. Morgan Stanley lifted their target price on Anaplan from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, March 3rd. Citigroup initiated coverage on Anaplan in a report on Tuesday, February 1st. They issued a “hold” rating and a $49.00 price objective for the company. Zacks Investment Research lowered Anaplan from a “buy” rating to a “hold” rating in a report on Saturday, March 12th. BMO Capital Markets lifted their price objective on Anaplan from $49.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, March 3rd. Finally, Loop Capital lifted their price objective on Anaplan from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, March 3rd. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.81.
Anaplan Company Profile (Get Rating)
Anaplan, Inc provides a cloud-based connected planning platform to connect organizations and people in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its platform in-memory data storage and calculation capabilities deliver calculations of data in real time and provide a single source of information for planning, ensuring the consistency, quality, and integrity of the data utilized across the enterprise.
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