Anaplan Inc. [NYSE: PLAN] slipped around -0.45 points on Friday, while shares priced at $65.62 at the close of the session, down -0.68%. The company report on September 1, 2021 that Anaplan Announces Second Quarter Fiscal Year 2022 Financial Results.
Second Quarter Subscription Revenue up 34.6% Year-Over-Year.
Remaining Performance Obligation of $905.6 million, up 28.8% Year-Over-Year.
Anaplan Inc. stock is now -8.67% down from its year-to-date (YTD) trading value. PLAN Stock saw the intraday high of $66.835 and lowest of $65.08 per share. The company’s 52-week high price is 86.17, which means current price is +42.64% above from all time high which was touched on 02/16/21.
Compared to the average trading volume of 1.70M shares, PLAN reached a trading volume of 1592583 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Anaplan Inc. [PLAN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLAN shares is $74.37 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLAN stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Anaplan Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 01, 2021. While these analysts kept the previous recommendation, Truist raised their target price from $75 to $80. The new note on the price target was released on September 01, 2021, representing the official price target for Anaplan Inc. stock. Previously, the target price had yet another raise from $90 to $101, while Monness Crespi & Hardt kept a Buy rating on PLAN stock. On September 01, 2021, analysts increased their price target for PLAN shares from 70 to 90.
The Average True Range (ATR) for Anaplan Inc. is set at 2.21, with the Price to Sales ratio for PLAN stock in the period of the last 12 months amounting to 18.88. The Price to Book ratio for the last quarter was 36.46, with the Price to Cash per share for the same quarter was set at 2.13.
How has PLAN stock performed recently?
Anaplan Inc. [PLAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.06. With this latest performance, PLAN shares gained by 15.35% in over the last four-week period, additionally plugging by 10.68% over the last 6 months – not to mention a rise of 14.08% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLAN stock in for the last two-week period is set at 64.22, with the RSI for the last a single of trading hit 62.70, and the three-weeks RSI is set at 63.68 for Anaplan Inc. [PLAN]. The present Moving Average for the last 50 days of trading for this stock 58.19, while it was recorded at 66.76 for the last single week of trading, and 61.86 for the last 200 days.
Anaplan Inc. [PLAN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Anaplan Inc. [PLAN] shares currently have an operating margin of -34.34 and a Gross Margin at +68.20. Anaplan Inc.’s Net Margin is presently recorded at -34.39.
Return on Total Capital for PLAN is now -45.42, given the latest momentum, and Return on Invested Capital for the company is -47.60. Return on Equity for this stock declined to -54.05, with Return on Assets sitting at -22.17. When it comes to the capital structure of this company, Anaplan Inc. [PLAN] has a Total Debt to Total Equity ratio set at 18.66. Additionally, PLAN Total Debt to Total Capital is recorded at 15.72, with Total Debt to Total Assets ending up at 7.02. Long-Term Debt to Equity for the company is recorded at 12.91, with the Long-Term Debt to Total Capital now at 10.88.
Reflecting on the efficiency of the workforce at the company, Anaplan Inc. [PLAN] managed to generate an average of -$81,035 per employee. Receivables Turnover for the company is 3.49 with a Total Asset Turnover recorded at a value of 0.64.Anaplan Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Insider trade positions for Anaplan Inc. [PLAN]
There are presently around $8,909 million, or 95.50% of PLAN stock, in the hands of institutional investors. The top three institutional holders of PLAN stocks are: VANGUARD GROUP INC with ownership of 12,288,210, which is approximately 0.452% of the company’s market cap and around 1.20% of the total institutional ownership; FMR LLC, holding 11,085,764 shares of the stock with an approximate value of $727.45 million in PLAN stocks shares; and BLACKROCK INC., currently with $408.31 million in PLAN stock with ownership of nearly -6.307% of the company’s market capitalization.
Positions in Anaplan Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 163 institutional holders increased their position in Anaplan Inc. [NYSE:PLAN] by around 27,119,913 shares. Additionally, 142 investors decreased positions by around 29,371,961 shares, while 41 investors held positions by with 79,268,674 shares. The mentioned changes placed institutional holdings at 135,760,548 shares, according to the latest SEC report filing. PLAN stock had 39 new institutional investments in for a total of 8,240,246 shares, while 59 institutional investors sold positions of 8,282,288 shares during the same period.