Frank Calderoni Sells 37,287 Shares of Anaplan, Inc. (NYSE:PLAN) Stock

Anaplan, Inc. (NYSE:PLAN) CEO Frank Calderoni sold 37,287 shares of the company’s stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $64.94, for a total value of $2,421,417.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Frank Calderoni also recently made the following trade(s):

  • On Friday, September 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The shares were sold at an average price of $65.82, for a total value of $2,961,900.00.
  • On Wednesday, September 1st, Frank Calderoni sold 73,541 shares of Anaplan stock. The stock was sold at an average price of $70.02, for a total value of $5,149,340.82.
  • On Tuesday, August 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The shares were sold at an average price of $55.28, for a total value of $2,487,600.00.
  • On Monday, July 12th, Frank Calderoni sold 45,000 shares of Anaplan stock. The stock was sold at an average price of $53.16, for a total value of $2,392,200.00.

Shares of PLAN traded up $0.06 during trading hours on Tuesday, reaching $65.06. 1,508,006 shares of the company traded hands, compared to its average volume of 2,239,554. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of -51.63 and a beta of 1.99. Anaplan, Inc. has a 12-month low of $46.00 and a 12-month high of $86.17. The stock’s fifty day moving average price is $58.90 and its 200 day moving average price is $56.85.

Anaplan (NYSE:PLAN) last posted its quarterly earnings data on Monday, August 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. Anaplan had a negative net margin of 35.47% and a negative return on equity of 64.29%. The firm had revenue of $144.32 million for the quarter, compared to the consensus estimate of $133.80 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, equities analysts expect that Anaplan, Inc. will post -1.33 earnings per share for the current year.

PLAN has been the topic of several recent research reports. Monness Crespi & Hardt raised their target price on Anaplan from $90.00 to $101.00 and gave the company a “buy” rating in a report on Wednesday, September 1st. Loop Capital lifted their price objective on Anaplan from $58.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, September 2nd. Truist boosted their target price on Anaplan from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, September 1st. Piper Sandler upped their price objective on Anaplan from $67.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, September 1st. Finally, Mizuho upped their price objective on shares of Anaplan from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Anaplan has an average rating of “Buy” and a consensus target price of $79.17.

A number of hedge funds have recently made changes to their positions in PLAN. Dynamic Technology Lab Private Ltd grew its position in Anaplan by 366.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 25,461 shares of the company’s stock valued at $1,371,000 after acquiring an additional 19,997 shares in the last quarter. Swiss National Bank lifted its stake in Anaplan by 10.2% in the second quarter. Swiss National Bank now owns 281,500 shares of the company’s stock valued at $15,004,000 after buying an additional 26,000 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Anaplan by 197.1% in the first quarter. Blair William & Co. IL now owns 68,794 shares of the company’s stock valued at $3,705,000 after purchasing an additional 45,642 shares during the period. Duality Advisers LP increased its holdings in shares of Anaplan by 541.8% in the first quarter. Duality Advisers LP now owns 38,485 shares of the company’s stock valued at $2,072,000 after purchasing an additional 32,489 shares during the period. Finally, Melqart Asset Management UK Ltd acquired a new position in Anaplan during the first quarter worth $10,591,000. Institutional investors own 91.18% of the company’s stock.

About Anaplan

Anaplan, Inc engages in the provision of cloud-based connected planning platform that connects organizations and people for decision making. 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.

See Also: Intrinsic Value

Insider Buying and Selling by Quarter for Anaplan (NYSE:PLAN)

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