Wall Street analysts expect Anaplan Inc (NYSE:PLAN) to announce $78.39 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Anaplan’s earnings, with estimates ranging from $78.24 million to $78.54 million. The firm is expected to report its next quarterly earnings report on Tuesday, August 27th.

On average, analysts expect that Anaplan will report full year sales of $330.76 million for the current fiscal year, with estimates ranging from $330.21 million to $331.06 million. For the next year, analysts expect that the firm will post sales of $430.93 million, with estimates ranging from $429.00 million to $433.53 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Anaplan.

Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million during the quarter, compared to analyst estimates of $70.66 million. The company’s quarterly revenue was up 46.9% compared to the same quarter last year.

PLAN has been the subject of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Anaplan to $54.00 and gave the stock an “average” rating in a research note on Wednesday, May 29th. Barclays upped their price target on shares of Anaplan from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Anaplan from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, June 4th. JMP Securities upped their price target on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, FBN Securities began coverage on shares of Anaplan in a research note on Thursday, April 11th. They set an “outperform” rating and a $45.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.42.

Shares of NYSE:PLAN traded down $0.49 during midday trading on Friday, reaching $50.86. The company’s stock had a trading volume of 2,908,304 shares, compared to its average volume of 3,679,019. The firm has a market capitalization of $6.57 billion and a P/E ratio of -29.57. Anaplan has a twelve month low of $20.37 and a twelve month high of $53.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.94 and a quick ratio of 1.94.

In other Anaplan news, CAO David Ying Xian Chung sold 1,720 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $35.45, for a total value of $60,974.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rob Ward sold 396,324 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $51.85, for a total transaction of $20,549,399.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 841,538 shares of company stock worth $38,898,410. 37.20% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Coatue Management LLC purchased a new position in Anaplan in the 4th quarter valued at about $240,575,000. Meritech Capital Associates IV L.L.C. purchased a new position in Anaplan in the 4th quarter valued at about $210,369,000. Salesforce Com Inc. purchased a new position in Anaplan in the 4th quarter valued at about $79,105,000. Baillie Gifford & Co. purchased a new position in Anaplan in the 4th quarter valued at about $49,673,000. Finally, HMI Capital LLC purchased a new position in Anaplan in the 4th quarter valued at about $35,261,000. Institutional investors own 35.05% 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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