Anaplan (PLAN) Coverage Initiated at Piper Jaffray Companies

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Piper Jaffray Companies assumed coverage on shares of Anaplan (NYSE:PLAN) in a research report report published on Tuesday morning, Marketbeat reports. The firm issued an overweight rating and a $28.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Anaplan’s Q3 2019 earnings at ($0.19) EPS, Q4 2019 earnings at ($0.19) EPS, FY2019 earnings at ($0.81) EPS, Q1 2020 earnings at ($0.21) EPS, Q2 2020 earnings at ($0.18) EPS, Q3 2020 earnings at ($0.14) EPS, Q4 2020 earnings at ($0.16) EPS, FY2020 earnings at ($0.68) EPS, Q1 2021 earnings at ($0.16) EPS, Q2 2021 earnings at ($0.15) EPS, Q3 2021 earnings at ($0.11) EPS and FY2021 earnings at ($0.50) EPS.

Other analysts also recently issued reports about the company. Needham & Company LLC assumed coverage on Anaplan in a research report on Tuesday. They set a buy rating and a $30.00 target price for the company. KeyCorp assumed coverage on Anaplan in a research report on Tuesday. They set a sector weight rating for the company. Finally, Goldman Sachs Group assumed coverage on Anaplan in a research report on Tuesday. They set a neutral rating and a $25.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $27.33.

Shares of NYSE:PLAN traded down $1.53 on Tuesday, hitting $24.22. 354,048 shares of the company’s stock were exchanged, compared to its average volume of 1,415,840. Anaplan has a 12 month low of $20.37 and a 12 month high of $27.30.

In other news, insider David Ying Xian Chung purchased 3,600 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $61,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Beauchamp purchased 10,000 shares of the business’s stock in a transaction dated Friday, October 12th. The shares were purchased at an average price of $24.21 per share, for a total transaction of $242,100.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,118,599 shares of company stock valued at $19,088,283.

About Anaplan

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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