Anaplan, Inc. (NYSE:PLAN) is on recovery track with 148.8% gain from a 1-year low price of $20.37. The company added 2.26% to attain the price of $50.68 on 6/18/2019. Throughout the recent session, the prices were hovering between $49.895 and $52.35. These shares are -2.23% up from its target price of $49.55 and the current market capitalization stands at $6.54B. The recent change has given its price a 26.8% lead over SMA 50 and 0.04% lead over its 52-week high. The stock witnessed 32.39% gains, 30.85% gains and 81.65% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PLAN’s volatility during a week at 4.52% and during a month it has been found around 5.32%.
What Does Anaplan, Inc. (PLAN) Do?
The company describes itself in regulatory filings as, “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.” [Text can be found here: https://www.marketwatch.com/investing/stock/PLAN/profile under company description.]Anaplan, Inc. (PLAN) Top Holders
Institutional investors currently hold around $2.24 billion or 55.4% in PLAN stock. Look at its top three institutional owners: Coatue Management Llc owns $448.84 million in Anaplan, Inc., which represents roughly 6.86% of the company’s market cap and approximately 20% of the institutional ownership. Similar statistics are true for the second largest owner, Meritech Capital Associates Iv, L.L.C., which owns 7,926,486 shares of the stock are valued at $392.84 million. The third largest holder is Salesforce Com Inc, which currently holds $147.72 million worth of this stock and that ownership represents nearly 2.26% of its market capitalization.
At the end of March reporting period, 80 institutional holders increased their position in Anaplan, Inc. (NYSE:PLAN) by some 4,577,406 shares, 42 decreased positions by 3,859,506 and 21 held positions by 36,842,385. That puts total institutional holdings at 45,279,297 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 2,208,231 shares while 18 institutional investors sold out their entire positions totaling 1,482,059 shares.Anaplan, Inc. (NYSE:PLAN) Insider Trades
Multiple company employees have indulged in significant insider trading. Anaplan, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chung David Ying Xian has sold 444 shares of Anaplan, Inc. (PLAN) in the trading session dated Jun. 10, 2019. These shares are worth $20,921 and were traded at $47.12 each. The SEC filing shows that MOHAN RAVI performed a sale of 149,257 shares. The Director disposed these shares by way of transaction on Jun. 07, 2019. The company’s shares were given away at $47.8 per share worth to an income of some $7,134,485 to the account of MOHAN RAVI.
Director, BEAUCHAMP ROBERT E, purchased 37,000 common shares of Anaplan, Inc. (PLAN) in the open market. In a transaction dated Jun. 03, 2019, the shares were bought at an average price of $41.75, giving away a sum of $1,544,750. After this purchase, 47,000 common shares of PLAN are directly owned by the insider, with total stake valued at $2,381,960.
In the transaction dated May. 31, 2019, a great number of shares sold came courtesy the Director; BOSTROM SUSAN L disposed a total of 75,000 shares at an average price of $43.05, amounting to approximately $3,228,750. The insider now directly owns shares worth $.Anaplan, Inc. (PLAN) Analyst Guide
Several analysts have released their opinion on Anaplan, Inc. (NYSE:PLAN), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 6 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.17 average brokerage recommendation [T1].