Barclays Maintains Their Hold Rating on Anaplan Inc (PLAN)

By Jason Carr

Barclays analyst Raimo Lenschow maintained a Hold rating on Anaplan Inc (PLANResearch Report) yesterday and set a price target of $54. The company’s shares closed last Monday at $57.71, close to its 52-week high of $60.36.

According to, Lenschow is a top 25 analyst with an average return of 20.2% and a 72.8% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.

Currently, the analyst consensus on Anaplan Inc is a Moderate Buy with an average price target of $61, implying a 5.7% upside from current levels. In a report issued on August 13, Compass Point also initiated coverage with a Hold rating on the stock with a $58 price target.

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The company has a one-year high of $60.36 and a one-year low of $20.37. Currently, Anaplan Inc has an average volume of 2.43M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLAN in relation to earlier this year.

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Anaplan, Inc. engages in the provision of cloud-based connected planning platform that helps connect organizations and people to make better and faster decisions. It also offers professional services, including consulting, implementation, and training.