Anaplan Inc (NYSE:PLAN) – Equities researchers at KeyCorp issued their Q3 2019 earnings estimates for Anaplan in a research report issued on Tuesday, November 6th, according to Zacks Investment Research. KeyCorp analyst B. Bracelin expects that the company will earn ($0.20) per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Anaplan’s Q4 2019 earnings at ($0.18) EPS, FY2019 earnings at ($0.79) EPS, Q1 2020 earnings at ($0.20) EPS, Q2 2020 earnings at ($0.17) EPS, Q3 2020 earnings at ($0.15) EPS, Q4 2020 earnings at ($0.15) EPS, FY2020 earnings at ($0.67) EPS and FY2021 earnings at ($0.46) EPS.
Anaplan (NYSE:PLAN) last announced its quarterly earnings data on Wednesday, November 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The business had revenue of $62.00 million during the quarter, compared to analyst estimates of $57.47 million. The firm’s quarterly revenue was up 40.3% on a year-over-year basis.
Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity initiated coverage on shares of Anaplan in a research note on Tuesday, November 6th. They issued a “buy” rating and a $27.00 price objective on the stock. SunTrust Banks initiated coverage on shares of Anaplan in a research note on Tuesday, November 6th. They issued a “buy” rating and a $28.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Anaplan in a research note on Tuesday, November 6th. They issued a “buy” rating and a $30.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued an “equal weight” rating and a $23.00 target price on the stock. Finally, Evercore ISI initiated coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued an “inline” rating and a $26.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.33.
Shares of PLAN traded up $1.86 during mid-day trading on Thursday, hitting $28.00. The company’s stock had a trading volume of 518,225 shares, compared to its average volume of 395,812. Anaplan has a fifty-two week low of $20.37 and a fifty-two week high of $28.33.
In related news, insider David Ying Xian Chung purchased 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The stock was acquired at an average cost 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 accessible through the SEC website. Also, Director Robert E. Beauchamp purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The shares were bought at an average price of $24.21 per share, with a total value of $242,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,118,599 shares of company stock worth $19,088,283.
Anaplan Company Profile
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.