Anaplan, Inc. (NYSE:PLAN) CEO Frank Calderoni Sells 45,000 Shares

Anaplan, Inc. (NYSE:PLAN) CEO Frank Calderoni sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $72.95, for a total transaction of $3,282,750.00. Following the sale, the chief executive officer now directly owns 1,257,697 shares of the company’s stock, valued at $91,748,996.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, December 22nd, Frank Calderoni sold 50,478 shares of Anaplan stock. The stock was sold at an average price of $70.32, for a total transaction of $3,549,612.96.
  • On Thursday, December 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The stock was sold at an average price of $70.89, for a total transaction of $3,190,050.00.
  • On Monday, November 23rd, Frank Calderoni sold 50,608 shares of Anaplan stock. The stock was sold at an average price of $62.10, for a total transaction of $3,142,756.80.
  • On Tuesday, November 10th, Frank Calderoni sold 45,000 shares of Anaplan stock. The stock was sold at an average price of $59.92, for a total transaction of $2,696,400.00.
  • On Wednesday, October 21st, Frank Calderoni sold 50,743 shares of Anaplan stock. The stock was sold at an average price of $60.00, for a total transaction of $3,044,580.00.

Shares of PLAN stock opened at $71.20 on Thursday. The company’s fifty day simple moving average is $70.99 and its 200-day simple moving average is $58.95. The firm has a market cap of $10.10 billion, a PE ratio of -65.93 and a beta of 2.02. Anaplan, Inc. has a 12 month low of $26.04 and a 12 month high of $76.37.

Anaplan (NYSE:PLAN) last announced its quarterly earnings data on Monday, November 23rd. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.05. The business had revenue of $114.88 million for the quarter, compared to analyst estimates of $109.73 million. Anaplan had a negative net margin of 36.81% and a negative return on equity of 46.17%. As a group, equities analysts predict that Anaplan, Inc. will post -1.05 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of Anaplan in the third quarter worth $53,000. Private Advisor Group LLC bought a new stake in shares of Anaplan in the second quarter worth $96,000. US Bancorp DE lifted its position in shares of Anaplan by 14.4% in the third quarter. US Bancorp DE now owns 2,182 shares of the company’s stock worth $137,000 after purchasing an additional 275 shares in the last quarter. Summit X LLC bought a new stake in Anaplan during the third quarter worth $75,000. Finally, Evolution Wealth Advisors LLC bought a new stake in Anaplan during the third quarter worth $159,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Anaplan from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. Canaccord Genuity boosted their price objective on shares of Anaplan from $66.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, November 25th. JMP Securities boosted their price objective on shares of Anaplan from $63.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, November 24th. Piper Sandler upgraded shares of Anaplan from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $66.00 to $87.00 in a report on Monday. Finally, Mizuho boosted their price objective on shares of Anaplan from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, November 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. Anaplan currently has a consensus rating of “Buy” and a consensus target price of $70.04.

Anaplan Company Profile

Anaplan, Inc provides a cloud-based connected planning platform to connect organizations and people. 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 connecting various areas of an organization, such as finance, sales, supply chain, marketing, human resources, and operations.

Read More: Certificate of Deposit (CD)

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

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