Anaplan Inc (PLAN) Sees Large Growth in Short Interest

Anaplan Inc (NYSE:PLAN) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 2,993,808 shares, an increase of 64.5% from the December 14th total of 1,819,435 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 711,376 shares, the days-to-cover ratio is presently 4.2 days.

NYSE:PLAN opened at $28.70 on Friday. Anaplan has a 52-week low of $20.37 and a 52-week high of $29.70.

Anaplan (NYSE:PLAN) last posted its quarterly earnings data on Wednesday, November 28th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The business had revenue of $62.00 million for the quarter, compared to the consensus estimate of $57.47 million. Anaplan’s revenue for the quarter was up 40.3% compared to the same quarter last year. Sell-side analysts predict that Anaplan will post -1.14 earnings per share for the current fiscal year.

PLAN has been the subject of several recent research reports. KeyCorp initiated coverage on Anaplan in a research report on Tuesday, November 6th. They issued a “sector weight” rating for the company. Needham & Company LLC initiated coverage on Anaplan in a research report on Tuesday, November 6th. They issued a “buy” rating and a $30.00 price target for the company. Goldman Sachs Group initiated coverage on Anaplan in a research report on Tuesday, November 6th. They issued a “neutral” rating and a $25.00 price target for the company. Piper Jaffray Companies initiated coverage on Anaplan in a research report on Tuesday, November 6th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, JMP Securities assumed coverage on Anaplan in a research report on Tuesday, November 6th. They issued an “outperform” rating and a $29.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $27.33.

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Anaplan Company Profile

Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.

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