Anaplan Inc (NYSE:PLAN) – Equities research analysts at KeyCorp dropped their Q1 2020 earnings per share (EPS) estimates for Anaplan in a research note issued on Wednesday, November 28th. KeyCorp analyst B. Bracelin now anticipates that the company will post earnings of ($0.21) per share for the quarter, down from their prior estimate of ($0.20). KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Anaplan’s Q2 2020 earnings at ($0.19) EPS, Q3 2020 earnings at ($0.16) EPS, Q4 2020 earnings at ($0.16) EPS and FY2020 earnings at ($0.72) EPS.
A number of other brokerages have also recently commented on PLAN. Barclays assumed coverage on Anaplan in a report on Tuesday, November 6th. They issued an “overweight” rating and a $30.00 target price for the company. Piper Jaffray Companies assumed coverage on Anaplan in a report on Tuesday, November 6th. They issued an “overweight” rating and a $28.00 target price for the company. JMP Securities assumed coverage on Anaplan in a report on Tuesday, November 6th. They issued an “outperform” rating and a $29.00 target price for the company. Goldman Sachs Group initiated coverage on Anaplan in a report on Tuesday, November 6th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, Evercore ISI initiated coverage on Anaplan in a report on Tuesday, November 6th. They set an “inline” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.33.
Anaplan (NYSE:PLAN) last announced its earnings results on Wednesday, November 28th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The company had revenue of $62.00 million during the quarter, compared to analysts’ expectations of $57.47 million. The company’s revenue for the quarter was up 40.3% on a year-over-year basis.
In other Anaplan news, insider David Ying Xian Chung acquired 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was bought at an average price of $17.00 per share, for a total transaction of $61,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sandesh Kaveripatnam acquired 1,104,999 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The shares were acquired at an average price of $17.00 per share, with a total value of $18,784,983.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,118,599 shares of company stock valued at $19,088,283.
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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