BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf Anaplan Inc. (“Anaplan” or the “Company”) (NYSE: PLAN) investors concerning the Company’s possible violations of federal securities laws.
On February 27, 2020, Anaplan reported billings of $126 million for fourth quarter 2019, representing a growth rate of 25%, which was well below consensus estimates and roughly half of the Company’s historical growth rates of 46% to 59%. The Company attributed the shortfall to the inability to close some large deals at the end of the quarter due to certain “management changes.”
On this news, the Company’s share price fell $14.06 per share, or 25%, to close at $44.03 per share on February 27, 2020, thereby injuring investors.
If you purchased Anaplan securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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