Do Anaplan Inc. (NYSE: PLAN) Fit In A Value Investing Philosophy?


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Anaplan Inc. (NYSE:PLAN). The institutional investor has increased its shareholding in the Technology company by 20.22% to 11.2 million shares with purchase of 1.88 million shares. This fresh investment now brings its stake to 8.14% valued currently at $508.37 million. In addition, T. Rowe Price Associates, Inc. (I.. raised its holdings by 68226.0 to 6.68 million shares. And Viking Global Investors LP has lifted its position by 4,823.52% or 5.63 million shares – to 5.75 million shares.

    With over 3.84 million Anaplan Inc. (PLAN) shares trading Tuesday and a closing price of $47.82 on the day, the dollar volume was approximately $183.68 million. The shares have shown a negative weekly performance of -0.75% and its price on 08/25/20 gained nearly 0.65%. Currently, there are 136.36M common shares owned by the public and among those 125.09M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for PLAN have a consensus price objective of $52.53. The analysts have set the share’s price value over the next 12 months at a high of $58.00 and a low of $35.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Anaplan Inc. stock is 2.20 for the next 12 months. The average price target is 8.74% above its last price level and an upside to the estimated low will see the stock lose -36.63% over that period. But an upside of 17.55% will see the stock hit the forecast high price target while mean target price for the stock is $55.00.

    Insiders at the company have transacted a total of 147 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 1,677,017 shares. Insider sales of the common stock occurred on 107 occasions, with total insider shares sold totaling 2,602,416 shares.

    The top 3 mutual fund holders in Anaplan Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and T Rowe Price New Horizons Fund. Vanguard Total Stock Market Index owns 3.53 million shares of the company’s stock, all valued at over $160.15 million. The company sold 1229.0 shares recently to bring their total holdings to about 2.56% of the shares outstanding. Vanguard Small Cap Index Fund sold 23300.0 shares to see its total holdings shrink to 3.06 million shares valued at over $139.06 million and representing 2.23% of the shares outstanding. T Rowe Price New Horizons Fund sold -2.19 million shares to bring its total holdings to over 2.35 million shares at a value of $106.9 million. T Rowe Price New Horizons Fund now owns shares totaling to 1.71% of the shares outstanding.

    Shares of Anaplan Inc. (NYSE: PLAN) opened at $47.26, down -$0.25 from a prior closing price of $47.51. However, the script later closed the day at $47.82, up 0.65%. The company’s stock has a 5-day price change of -0.75% and 6.13% over the past three months. PLAN shares are trading -8.74% year to date (YTD), with the 12-month market performance down to -19.43% lower. It has a 12-month low price of $26.04 and touched a high of $63.71 over the same period. Currently, 3.84 million shares have been traded, compared to an average intraday trading volume of 2.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.25%, 3.42%, and 1.85% respectively.

    Institutional ownership of Anaplan Inc. (NYSE: PLAN) shares accounts for 98.70% of the company’s 136.36M shares outstanding. Mutual fund holders own 35.92%, while other institutional holders and individual stakeholders account for 55.94% and 29.39% respectively.

    It has a market capitalization of $6.47B. The earnings-per-share (ttm) stands at -$1.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.30% over the week and 3.96% over the month.

    Analysts forecast that Anaplan Inc. (PLAN) will achieve an EPS of -$0.12 for the current quarter, -$0.1 for the next quarter and -$0.31 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -10.80%, and 26.20% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Anaplan Inc. (PLAN) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 4 of the 19 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the PLAN, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on August 24, 2020, with the firm’s price target at $41-$45. Loop Capital coverage for the Anaplan Inc. (PLAN) stock in a research note released on August 21, 2020 offered a Sell rating with a price target of $35. KeyBanc Capital Markets was of a view on July 01, 2020 that the stock is Overweight, while Wells Fargo gave the stock Equal Weight rating on May 20, 2020, issuing a price target of $50. Deutsche Bank on their part issued Buy rating on April 21, 2020.


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