Long Term Returns of Scott Ferguson’s 5 Activist Targets

2. Anaplan, Inc. (NYSE:PLAN)

Activist Investment: 2022
Long Term Returns Since Ferguson’s Investment: 31%
S&P 500 Gain Since Ferguson’s Investment: -19%

Anaplan, Inc. (NYSE:PLAN) operates a purpose-built platform for connecting people, data, and plans. Therefore, the company can deliver a unified real-time cloud-based environment that helps optimize planning and democratize decision-making across all lines.

Activist investors Sachem Head Capital and Corvex Management disclosed stakes in the financial planning software company in 2022 and detailed plans to install four people on the board. Sachem Head Capital bought about a 9% stake in Anaplan, Inc. (NYSE:PLAN) and planned to push for changes, including business sales, to help unlock shareholder value.

The two activist investors got the right to appoint four people, including Ferguson, to Anaplan, Inc. (NYSE:PLAN)’s board after insisting the company’s shares were undervalued and presented an attractive investment opportunity.

With control of the board, the activist investor would engineer a deal that resulted in private equity giant Thoma Bravo taking the enterprise software firm private in a $10.7 billion deal in 2022.

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