Anaplan (NYSE:PLAN) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Anaplan (NYSE:PLAN) posted its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.04, Briefing.com reports. The company had revenue of $89.41 million for the quarter, compared to analysts’ expectations of $86.47 million. Anaplan had a negative net margin of 50.87% and a negative return on equity of 46.52%. Anaplan’s revenue for the quarter was up 44.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.18) earnings per share.

NYSE:PLAN opened at $53.09 on Friday. The firm has a market cap of $6.30 billion and a PE ratio of -30.87. Anaplan has a fifty-two week low of $20.77 and a fifty-two week high of $60.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.87 and a current ratio of 1.87. The business has a 50 day moving average price of $47.81 and a 200-day moving average price of $49.60.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Anaplan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Barclays restated a “hold” rating and issued a $55.00 price objective on shares of Anaplan in a research report on Sunday, November 3rd. Mizuho restated a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Anaplan in a research report on Thursday. Evercore ISI upgraded shares of Anaplan from an “in-line” rating to an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Canaccord Genuity upped their price objective on shares of Anaplan from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Anaplan has an average rating of “Buy” and a consensus target price of $61.18.

In other news, Director Rob Ward sold 396,324 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $52.04, for a total transaction of $20,624,700.96. Also, CFO David H. Morton, Jr. sold 115,076 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $48.30, for a total value of $5,558,170.80. In the last three months, insiders have sold 896,053 shares of company stock valued at $45,487,460. Insiders own 37.20% of the company’s stock.

About Anaplan

Anaplan, Inc engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. 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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Earnings History for Anaplan (NYSE:PLAN)

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