Anaplan Inc (NYSE:PLAN) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 3,890,000 shares, a growth of 29.0% from the May 30th total of 3,016,300 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.0% of the shares of the stock are sold short.

In other Anaplan news, insider Frank Calderoni sold 149,188 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.79, for a total value of $5,190,250.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Ying Xian Chung sold 1,763 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $52.41, for a total transaction of $92,398.83. The disclosure for this sale can be found here. Insiders sold a total of 1,487,851 shares of company stock worth $71,001,790 over the last quarter. Corporate insiders own 37.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in shares of Anaplan during the 1st quarter valued at $39,000. Neuburgh Advisers LLC bought a new stake in Anaplan in the 4th quarter worth $27,000. Evolution Wealth Advisors LLC bought a new stake in Anaplan in the 2nd quarter worth $64,000. Advisor Group Inc. bought a new stake in Anaplan in the 4th quarter worth $41,000. Finally, Flinton Capital Management LLC bought a new stake in Anaplan in the 4th quarter worth $42,000. 35.05% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Goldman Sachs Group lowered shares of Anaplan from a “buy” rating to a “neutral” rating and set a $53.20 price target on the stock. in a report on Monday, July 1st. FBN Securities assumed coverage on shares of Anaplan in a report on Thursday, April 11th. They issued an “outperform” rating and a $45.00 price target on the stock. Needham & Company LLC increased their price target on shares of Cara Therapeutics from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. SunTrust Banks increased their price target on shares of Anaplan to $52.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, JMP Securities increased their price target on shares of Anaplan from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $43.77.

Shares of PLAN stock traded down $0.27 on Friday, hitting $56.83. 1,561,747 shares of the company’s stock traded hands, compared to its average volume of 2,503,298. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.11. Anaplan has a one year low of $20.37 and a one year high of $57.82. The firm’s fifty day moving average is $48.27. The stock has a market cap of $7.38 billion and a PE ratio of -33.04.

Anaplan (NYSE:PLAN) last released its earnings results on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million for the quarter, compared to the consensus estimate of $70.66 million. The firm’s quarterly revenue was up 46.9% on a year-over-year basis. As a group, equities research analysts anticipate that Anaplan will post -1.15 EPS for the current year.

Anaplan Company Profile

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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