Anaplan Could Keep Going Lower As IPO Lockup Expires

April 10, 2019, concludes the 180-day lockup period of Anaplan Inc. (PLAN).

When the lockup period ends for Anaplan, its pre-IPO shareholders and company insiders will have the opportunity to sell more than 106 million currently-restricted shares. With just 15.5 million shares trading pursuant to the IPO, there is a significant chance that sales of this stock could flood the secondary market for PLAN and cause a sudden, sharp downturn in share price.

(Source: S-1/A)

We believe that pre-IPO shareholders and company insiders will be particularly eager to cash in on some of their gains: PLAN currently trades in the $37 to $38 range, a return from IPO of more than 128%.

Business Overview: Provider of Online Planning Platform

Anaplan is an SaaS company that offers a connected planning platform. Its proprietary technology called Hyperblock powers the platform and was created just for this purpose. The in-memory modeling engine is able to calculate massive quantities of data with its 64 bit, multi-core processors, delivering insights in real time. Anaplan markets its platform as having the ability to unite otherwise disconnected database structures, such as columnar, relational, or analytical processing. Typically, these structures are used in areas like operations, human resources, marketing, finance, and sales.Anaplan sells its products as a subscription service.

Anaplan's platform gives its clients the ability to run alternative scenarios very rapidly. This allows them to assess the impact of proposed or actual changes in business assumptions in real time.

The company's clients include Thomas Cook, LegalZoom, Helly Hansen, Target Australia, Carter's, Satsuma, Booking.com, Sonos, Del Monte, United, HP, Zillow, Pandora, Dish, McAfee, and more. The company operates in the United States, across Europe, Japan, India, Russia, Singapore, and the United Kingdom. Anaplan was founded in 2008, has approximately 1,100 employees, and keeps its headquarters in San Francisco, California.

1 2 3
View single page >> |

Disclosure:  I am/we are short PLAN.

Disclaimer: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.