Anaplan, Inc. (NYSE:PLAN) has a beta value of 0 and has seen 1,026,253 shares traded in the last trading session. The company, currently valued at $8.18 Billion, closed the last trade at $58.51 per share which meant it gained $0.85 on the day or 1.47% during that session. The PLAN stock price is -8.89% off its 52-week high price of $63.71 and 55.49% above the 52-week low of $26.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.15 Million shares traded. The 3-month trading volume is 2.77 Million shares.
The consensus among analysts is that Anaplan, Inc. (PLAN) is an Overweight stock at the moment, with a recommendation rating of 2.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 19 have rated it as a Hold, with 13 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.
Anaplan, Inc. (NYSE:PLAN) trade information
Sporting 1.47% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Sep 10 when the PLAN stock price touched $59.92- or saw a rise of 2.35%. Year-to-date, Anaplan, Inc. shares have moved 11.66%, while the 5-day performance has seen it change 3.05%. Over the past 30 days, the shares of Anaplan, Inc. (NYSE:PLAN) have changed 25.94%. Short interest in the company has seen 15.2 Million shares shorted with days to cover at 5.49.
Wall Street analysts have a consensus price target for the stock at $65.11, which means that the shares’ value could jump 11.28% from current levels. The projected low price target is $50 while the price target rests at a high of $75. In that case, then, we find that the current price level is +28.18% off the targeted high while a plunge would see the stock lose -14.54% from current levels.
Anaplan, Inc. (PLAN) estimates and forecasts
Figures show that Anaplan, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +79.81% over the past 6 months, with this year growth rate of -20.45%, compared to 4.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -25% and -28.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be +25.8%.
Earnings growth for 2020 is a modest -10.8%.
Anaplan, Inc. (NYSE:PLAN)’s Major holders
Insiders own 7.91% of the company shares, while shares held by institutions stand at 82.25% with a share float percentage of 89.31%. Investors are also buoyed by the number of investors in a company, with Anaplan, Inc. having a total of 342 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.37 Million shares worth more than $515.24 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 8.14% of shares outstanding.
The other major institutional holder is Coatue Management, LLC, with the holding of over 8.63 Million shares as of June 29, 2020. The firm’s total holdings are worth over $391.12 Million and represent 6.18% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of June 29, 2020, the former fund manager holds about 2.52% shares in the company for having 3527566 shares of worth $159.83 Million while later fund manager owns 3.09 Million shares of worth $139.81 Million as of June 29, 2020, which makes it owner of about 2.21% of company’s outstanding stock.