|Bid||42.50 x 800|
|Ask||44.18 x 800|
|Day's Range||41.87 - 44.68|
|52 Week Range||20.37 - 60.36|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||63.06|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
Anaplan, Inc., CrowdStrike Holdings, Inc., Okta, Inc. - some of the most resilient technology stocks have recently slipped to a key level and are poised for a possible bounce. That's according to All Star Charts, which pointed out software is approaching oversold territory. "Most Technology subsectors like Cloud Computing, Cybersecurity, and Internet, have been […]
CFO of Anaplan Inc (30-Year Financial, Insider Trades) David H Jr Morton (insider trades) sold 115,076 shares of PLAN on 09/12/2019 at an average price of $48.3 a share. Continue reading...
Ahead of Anaplan’s (PLAN) second-quarter earnings release Tuesday morning, Wall Street's 1 analyst Richard Davis expected strong numbers, but also for the stock to respond negatively. And he was right. While quarterly revenue came in 46% higher than last year, and loss per share came in better than expected, Anaplan shares declined about 10% since the earnings release. However, the stock is still up about 90% year-to-date, and Davis believes there is more room for upside than downside from here. As a result, Davis maintains a Buy rating on Anaplan stock, while raising his price target to $65 (from $50), which implies over 20% upside from current levels. As always, we like to give credit where credit is due. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, Davis has delivered to his followers a yearly average return of 46.9% with a 85% success rate. Davis has earned an average return of about 100% when recommending PLAN and is ranked 1 out of 5,255 analysts. (To watch Davis' stocks list, click here)Davis calls his Anaplan preview “spot on,” as shares fell even as the company beat expectations. In his preview, the analyst cautioned investors that the “stock is coming into the print a bit hot,” making it “hard to judge the really short-term balance between obviously high expectations and what good results the firm is likely to deliver.” But even with the pullback, Davis advises investors to “ignore the fade and buy the stock because Anaplan has plenty of gas left in the tank.” He believes that the company is competing against “weaklings,” as its “primary competition is an Excel spreadsheet...or truly ancient systems now owned by legacy platform firms.” Though Davis believes Anaplan has a strong hold in its market, in his preview, he brought attention to Workday’s play into the space. He said the encroachment would cause some investors to “fret,” but maintained that the market is large enough for both companies to succeed in. After earnings, he reiterated this, saying it is “nonsensical to assume that connected planning will be a single vendor market – for either vendor.” Overall, and notwithstanding competition from Workday, Davis calls Anaplan a “top pick” as he believes the company is “likely to grow rapidly, but also beat forecasts.”All in all, the analyst community doesn’t see the recent stock decline as a major concern. TipRanks analysis of nine analyst ratings showing a consensus Moderate Buy rating, with six analysts rating Buy and three suggesting Hold. The average price target on the stock stands at $62, suggesting the stock has room to beef up, by 15% or so. (See PLAN's price targets and analyst ratings on TipRanks)
Anaplan's second-quarter earnings topped views as it reported a narrower-than-expected loss while revenue also exceeded targets. The Anaplan earnings news and guidance sent shares down.
Anaplan shares sank 6% on Tuesday even as the software company reported improved second-quarter results and raised its full-year guidance. The company's operating loss was $41.2 million, or 48.7% of total revenue, compared with $19.9 million, or 34.5% of total revenue, a year ago. Anaplan's loss per share was 12 cents in the second quarter of fiscal 2020, which was narrower than expectations of a loss of 16 cents.
NEW YORK, NY / ACCESSWIRE / August 27, 2019 / Anaplan, Inc. (NYSE: PLAN ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 27, 2019 at 8:30 AM Eastern ...
Chairman and CEO of Anaplan Inc (30-Year Financial, Insider Trades) Frank Calderoni (insider trades) sold 49,526 shares of PLAN on 08/20/2019 at an average price of $57.77 a share. Continue reading...
(Bloomberg) -- WeWork’s IPO prospectus lacks the information needed to create a financial model of the company, according to an analyst who specializes in new listings.The We Co., which is expected to raise about $3.5 billion in what would be 2019’s second-biggest initial public offering, must have put in a great effort to conceal the unit economics underlying the coworking space provider, said Triton Research Inc. Chief Executive Officer Rett Wallace.“The prospectus is a masterpiece of obfuscation,” he said in an interview. “If the underlying facts were positive, why would a company go to so much trouble to prevent you from understanding them?”Using what it calls an obfuscation index as one component of its ratings, Triton has built a strong track record predicting the winners and losers among technology IPOs. Since January 2018, listings that won an above-average score from Triton have risen about 92% from their offering prices, nearly triple the return of those scoring below average.IPOs with the highest Triton scores include standouts Elastic NV, Smartsheet Inc. and Anaplan Inc., while post-listing duds such as Sonos Inc., Dropbox Inc. and Lyft Inc. rank among the low scorers.Triton sees high levels of obfuscation in WeWork’s filing. For example, the company stops counting sales and marketing expenses at a given location once it’s been open for two years -- but the spending doesn’t actually stop after that. Instead, it counts as an operating expense, Triton said.A representative for New York-based WeWork declined to comment.Opening DatesWeWork’s filing doesn’t disclose the dates of when its locations opened or when the spending at a given location will switch into the operating expense bucket, according to Wallace. Like some government agencies, WeWork labels some compensation as investments.“When you make it impossible for people to have data-driven conviction, then everything is just sentiment,” Wallace said. “Sentiment can come and go, especially in a volatile tape like this.”Read more: WeWork IPO May Polarize Wall Street Into Warring Camps, MKM SaysThe lack of disclosure becomes even more apparent when contrasted with other IPO filings that are more direct, he added.“When companies fight you on understanding the basic proposition of the mousetrap, it’s always bad. People who have good mouse traps say, ‘This is the thing: You put the cheese in, the trap is designed to never break your thumb, and it catches mice nine times out of ten.’”Read more: WeWork IPO Shows It’s the Most Magical Unicorn: Shira OvideTo contact the reporter on this story: Drew Singer in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Chairman and CEO of Anaplan Inc (30-Year Financial, Insider Trades) Frank Calderoni (insider trades) sold 51,404 shares of PLAN on 07/29/2019 at an average price of $57.91 a share. Continue reading...