Anaplan Inc. (PLAN) Shares: Are They Risky Or Cheap?

Anaplan Inc. (NYSE:PLAN) finished Wednesday with an addition of $2.5 to close at $63.67, an upside of 4.09 percent. An average of 1,084,440 shares of common stock have been traded in the last five days. There was a gain of $4.00 in the past week. The last 20 days have seen an average of 1,226,670 shares traded, while the 50-day average volume stands at 1,606,620.

PLAN stock has decreased by -2.14% in the last month. The company shares reached their 1-month lowest point of $58.23 on 10/06/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $46.00 and a high of $86.17 in 52 weeks. In spite of this, the price is down -26.11% from the 52-week high.


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Insider Transactions

3 days have passed since Anaplan Inc. (PLAN) last reported insider trading activity. CALDERONI FRANK, who is Chairman and CEO, most recently acquired $45,000 shares at $60.06 per share on Oct 11. In this transaction, the insider spent $2,702,534. Chief Development Officer, Pinczuk Ana G., disposed of 10,261 shares at a price of $64.94 on Sep 14. The insider now owns more than $666,375 worth of shares. Prior to that, VP & Chief Accounting Officer Dhingra Gagan went on to Sale 870 shares at $64.94 each on Sep 14. An amount of $56,500 was transacted.

Valuation Metrics

Anaplan Inc. (PLAN) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.49, the price-to-book (PB) ratio at 35.37.

The quick ratio of Anaplan Inc. for the three months ended July 30 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.06 for the quarter ending July 30. On the profitability front, the trailing 12-month gross margin is 75.00% against a 5-year average of 67.9%. Anaplan Inc.’s EBITDA margin for the year ending July 30 is -21.12%, while its operating margin for the same period stands at -34.40%. Its gross profit as reported stood at $338.78 million compared to revenue of $447.75 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Anaplan Inc.’s return on assets was -25.40%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $144.32 million in the quarter, while revenues of $129.83 million were grew 26.2%. The analyst consensus anticipated Anaplan Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.09, a 35.70% surprise. For the quarter, EBITDA amounted to -$29.11 million. Shareholders own equity worth $146.18 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Anaplan Inc. (PLAN) price momentum. RSI 9-day as of the close on 13 October was 60.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.16%.

As of today, PLAN’s price is $61.11 +6.70% or $4.00 from its 5-day moving average. PLAN is currently trading -2.70% lower than its 20-day SMA and +11.92% higher than its 100-day SMA. However, the stock’s current price level is +12.89% above the SMA50 and -12.08% below the SMA200.

The stochastic %K and %D were 43.42% and 31.69%, respectively, and the average true range (ATR) was 2.04. With the 14-day stochastic at 70.56% and the average true range at 2.01, the RSI (14) stands at 56.37%. The stock has reached 1.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.33.

Analyst Ratings

UBS launched coverage on Anaplan Inc. (NYSE: PLAN) in its analyst report released on October 01, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Anaplan Inc. (PLAN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLAN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.

What is PLAN’s price target for the next 12 months?

Analysts predict a range of price targets between $65.00 and $101.00, with a median target of $82.00. Taking a look at these predictions, the average price target given by analysts for Anaplan Inc. (PLAN) stock is $82.28.

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