Coatue Management LLC trimmed its holdings in shares of Anaplan, Inc. (NYSE:PLAN) by 39.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,359,810 shares of the company’s stock after selling 2,151,602 shares during the period. Coatue Management LLC owned approximately 2.32% of Anaplan worth $179,078,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. FMR LLC increased its position in Anaplan by 92.3% in the 2nd quarter. FMR LLC now owns 11,085,764 shares of the company’s stock worth $590,871,000 after purchasing an additional 5,319,915 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in Anaplan in the 2nd quarter worth about $131,840,000. Natixis acquired a new position in Anaplan in the 2nd quarter worth about $103,199,000. TPG Group Holdings SBS Advisors Inc. acquired a new position in Anaplan in the 1st quarter worth about $103,801,000. Finally, Alyeska Investment Group L.P. acquired a new position in Anaplan in the 1st quarter worth about $86,228,000. 91.18% of the stock is currently owned by hedge funds and other institutional investors.
PLAN has been the subject of several recent analyst reports. Truist Securities upped their price target on Anaplan from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, September 1st. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of Anaplan in a research report on Wednesday, September 1st. Barclays raised their price target on Anaplan from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, September 17th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Anaplan in a report on Wednesday, September 1st. Finally, Loop Capital increased their price objective on Anaplan from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, September 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $78.96.
Anaplan (NYSE:PLAN) last issued its quarterly earnings data on Monday, August 30th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.05. Anaplan had a negative return on equity of 64.29% and a negative net margin of 35.47%. The company had revenue of $144.32 million during the quarter, compared to analysts’ expectations of $133.80 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue was up 35.5% on a year-over-year basis. On average, analysts forecast that Anaplan, Inc. will post -1.33 earnings per share for the current year.
In other Anaplan news, CRO William Schuh sold 5,588 shares of the company’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $64.94, for a total transaction of $362,884.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Gagan Dhingra sold 870 shares of the company’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $64.94, for a total value of $56,497.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 508,748 shares of company stock valued at $33,157,845. Corporate insiders own 5.20% of the company’s stock.
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.
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