Anaplan Inc. (NYSE:PLAN) went up by 0.58% from its latest closing price compared to the recent 1-year high of $70.25. The company’s stock price has collected 1.08% of gains in the last five trading sessions. Barron’s reported on 06/06/22 that Anaplan Stock Falls After Thoma Bravo Deal Price Is Cut
Is It Worth Investing in Anaplan Inc. (NYSE :PLAN) Right Now?
Plus, the 36-month beta value for PLAN is at 1.64.
PLAN currently public float of 146.66M and currently shorts hold a 12.17% ratio of that float. Today, the average trading volume of PLAN was 8.08M shares.
PLAN’s Market Performance
PLAN stocks went up by 1.08% for the week, with a monthly drop of -1.47% and a quarterly performance of -1.35%, while its annual performance rate touched 16.85%. The volatility ratio for the week stands at 0.28% while the volatility levels for the past 30 days are set at 0.39% for Anaplan Inc. The simple moving average for the period of the last 20 days is -0.94% for PLAN stocks with a simple moving average of 12.31% for the last 200 days.
Analysts’ Opinion of PLAN
Many brokerage firms have already submitted their reports for PLAN stocks, with Wolfe Research repeating the rating for PLAN by listing it as a “Outperform.” The predicted price for PLAN in the upcoming period, according to Wolfe Research is $60 based on the research report published on March 03rd of the current year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see PLAN reach a price target of $65, previously predicting the price at $60. The rating they have provided for PLAN stocks is “Overweight” according to the report published on March 03rd, 2022.
Needham gave a rating of “Buy” to PLAN, setting the target price at $65 in the report published on March 03rd of the current year.
PLAN Trading at -1.58% from the 50-Day Moving Average
After a stumble in the market that brought PLAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.28% of loss for the given period.
Volatility was left at 0.39%, however, over the last 30 days, the volatility rate increased by 0.28%, as shares sank -1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.28% lower at present.
During the last 5 trading sessions, PLAN rose by +1.08%, which changed the moving average for the period of 200-days by -4.88% in comparison to the 20-day moving average, which settled at $64.27. In addition, Anaplan Inc. saw 39.00% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PLAN starting from Mehta Vikas D, who sale 5,833 shares at the price of $62.83 back on Jun 13. After this action, Mehta Vikas D now owns 49,402 shares of Anaplan Inc., valued at $366,492 using the latest closing price.
Pinczuk Ana G., the Chief Development Officer of Anaplan Inc., sale 24,757 shares at $62.83 during a trade that took place back on Jun 13, which means that Pinczuk Ana G. is holding 80,210 shares at $1,555,504 based on the most recent closing price.
Stock Fundamentals for PLAN
Equity return is now at value -81.10, with -27.10 for asset returns.