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Anaplan, Inc. (PLAN) Stock Surged 27.95% Today, Here’s Why

Anaplan, Inc. (PLAN) stock soared 27.95% in the current market trading session at the price of $64.73 after it signed a definitive deal to be acquired by Thoma Bravo for US$10.7B.

PLAN facilitates planning and running the businesses in a transformative way. Using Hyperblock technology, the company enables contextualizing real-time performance and predicting future outcomes for better decisions.

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Thoma Bravo Acquired PLAN

On 21st March 2022, PLAN reported entering a definitive contract to acquire by Thoma Bravo for US$66 per share at roughly US$10.7B. Upon closure of the deal, PLAN will become a privately owned firm. The agreement intends to attract more clients, workers, and partners to keep leading the emerging Connected Planning sector. Thoma Bravo will use its operational and financial resources to accelerate PLAN’s business strategy.

Management Comments

Chairman and CEO of PLAN, Frank Calderoni, commented that they are delighted to join hands with Thoma Bravo. The deal aims to support PLAN’s innovative platform and capitalize on its tremendous future opportunities. This transaction demonstrates the exceptional work of their management team and the fresh start of a compelling new chapter. They are hopeful that Thoma Bravo’s insights and resources will scale and accelerate their growth strategy.

PLAN Q4 Fiscal 2022 Financial Results

On 2nd March 2022, PLAN published its financial results for the fourth quarter and fiscal year 2022. Revenue totaled US$162.7M for Q4 of fiscal 2022. It represents a 32.8 percent gain year-over-year. For fiscal 2022, revenue totaled US$592.2M, a year-over-year growth of 32.3 percent. Cash and cash equivalents totaled US$299.4M on 31st January 2022.

For Q4 of fiscal 2022, PLAN has a loss of US$0.40 per share. Loss per share was US$0.29 for Q4 of fiscal 2021. The company has a loss of US$1.39 per share for fiscal 2022, compared to US$1.10 for the prior year. Operating loss was US$53.8M or 33.1 percent of revenue for Q4 of fiscal 2022, compared to US$41.5M for Q4 of fiscal 2021.

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