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PLAN - Despite Strong Performance Anaplan Is Still Expensive
Anaplan Inc.
Anaplan (PLAN), a business planning software company that helps enterprises cut down on their use of manual Excel tools and move more of their financial and operational work onto a software-based tool, is a company that investors continue to love. The company just reported Q3 results, which investors cheered and sent shares up nearly 15%.
Though the sector-wide software correction of October/November still puts Anaplan about 15% below its all-time highs near $60, I continue to remain on the sidelines on Anaplan as I have since it went public. Though