Goldman Sachs Group started coverage on shares of Anaplan (NYSE:PLAN) in a research report released on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $25.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC assumed coverage on shares of Anaplan in a research note on Tuesday. They set a buy rating and a $30.00 price objective for the company. KeyCorp assumed coverage on shares of Anaplan in a research note on Tuesday. They set a sector weight rating for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $27.33.

Shares of PLAN traded down $1.53 during trading hours on Tuesday, hitting $24.22. The company’s stock had a trading volume of 354,048 shares, compared to its average volume of 1,415,840. Anaplan has a 52-week low of $20.37 and a 52-week high of $27.30.

In related news, Director Sandesh Kaveripatnam bought 1,104,999 shares of the company’s stock in a transaction on Tuesday, October 16th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $18,784,983.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Ying Xian Chung bought 3,600 shares of the company’s stock in a transaction on Tuesday, October 16th. The shares were bought at an average price of $17.00 per share, with a total value of $61,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,118,599 shares of company stock valued at $19,088,283.

About Anaplan

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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Analyst Recommendations for Anaplan (NYSE:PLAN)

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