LOS ANGELES–(BUSINESS WIRE) – Frank R. Cruz law firms are announcing an investigation on behalf of investors of Anaplan Inc. (“Anaplan” or “Company”) (NYSE: PLAN) into possible violations of the Company's federal securities laws.
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On February 27, 2020, Anaplan reported $ 126 million in billings for the fourth quarter of 2019, a growth rate of 25%, well below consensus estimates and roughly half the company's historical growth rates of 46% to 59% . The company attributed the shortfall to its inability to close some large deals towards the end of the quarter due to certain "management changes".
In that news, the company's share price fell $ 14.06 per share, or 25%, to close at $ 44.03 per share on February 27, 2020, hurting investors.
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If you have purchased Anaplan securities, have information or would like to learn more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the Frank R. Law Firms. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, by email at email@example.com or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number and number of shares purchased.
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