Whittier Trust Co. of Nevada Inc. Takes $58,000 Position in Anaplan Inc (NYSE:PLAN)

Whittier Trust Co. of Nevada Inc. acquired a new stake in Anaplan Inc (NYSE:PLAN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,156 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. purchased a new stake in shares of Anaplan during the 2nd quarter worth $1,698,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Anaplan during the 2nd quarter worth $14,570,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Anaplan during the 2nd quarter worth $64,000. Zweig DiMenna Associates LLC purchased a new stake in shares of Anaplan during the 2nd quarter worth $9,528,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Anaplan during the 2nd quarter worth $347,000. 35.47% of the stock is owned by institutional investors and hedge funds.

In related news, Director Sandesh Kaveripatnam sold 495,000 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $49.52, for a total value of $24,512,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank Calderoni sold 48,366 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $37.79, for a total transaction of $1,827,751.14. The disclosure for this sale can be found here. Insiders sold a total of 1,387,603 shares of company stock worth $68,590,442 over the last quarter. Insiders own 37.20% of the company’s stock.

Several equities research analysts have commented on the stock. Macquarie assumed coverage on shares of Anaplan in a research report on Monday, July 15th. They set an “outperform” rating and a $65.00 target price on the stock. Monness Crespi & Hardt boosted their target price on shares of Anaplan from $50.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Zacks Investment Research upgraded shares of Anaplan from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, June 4th. Deutsche Bank assumed coverage on shares of Anaplan in a research report on Wednesday, July 24th. They set a “buy” rating and a $70.00 target price on the stock. Finally, KeyCorp restated a “hold” rating on shares of Anaplan in a research report on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $47.16.

Shares of Anaplan stock traded down $1.77 on Monday, hitting $54.03. The company’s stock had a trading volume of 19,201 shares, compared to its average volume of 1,337,014. Anaplan Inc has a 52-week low of $20.37 and a 52-week high of $60.36. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $54.05. The stock has a market cap of $7.21 billion and a P/E ratio of -31.19.

Anaplan (NYSE:PLAN) last released its quarterly earnings data on Tuesday, May 28th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.18. The business had revenue of $75.80 million during the quarter, compared to analysts’ expectations of $70.66 million. The company’s revenue was up 46.9% on a year-over-year basis. As a group, analysts expect that Anaplan Inc will post -1.15 earnings per share for the current year.

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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Institutional Ownership by Quarter for Anaplan (NYSE:PLAN)

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