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Ping Identity Holding Corp.NYSE:PING Stock Report

Market Cap US$2.5b
Share Price
n/a
My Fair Value
n/a
1Y4.5%
7D0.4%
1D
Portfolio Value
​
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Ping Identity Holding Corp.

NYSE:PING Stock Report

Market Cap: US$2.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Ping Identity Holding (PING) Stock Overview

Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally. More details

PING fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Revenue is forecast to grow 17.54% per year

Risk Analysis

Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year


PING Community Fair Values

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Ping Identity Holding Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ping Identity Holding
Historical stock prices
Current Share PriceUS$28.50
52 Week HighUS$30.40
52 Week LowUS$15.85
Beta0.60
1 Month Change1.17%
3 Month Change47.98%
1 Year Change4.55%
3 Year Change83.40%
5 Year Changen/a
Change since IPO41.72%

Recent News & Updates

Seeking Alpha • Aug 03

Ping Identity shares surge 60% on Thoma Bravo acquisition

Ping Identity Holding (NYSE:PING) saw its shares rocket up by 60% Wednesday as the identity authentication software company said it had agreed to be acquired by Thoma Bravo for $2.8B in cash. Ping (PING) specializes in software that businesses use to prevent fraud and protect individuals' passwords and personal data. In a statement announcing the deal, Thoma Bravo managing partner Seth Boro praised Ping (PING) for what he called its "strong position in enterprise identity security" as "a tectonic shift if occurring in intelligent identity solutions" for businesses. Under terms of the deal, Thoma Bravo will pay $28.50 a share for all of Ping's (PING) outstanding stock. The price represents a 63% premium over Ping's (PING) Tuesday closing price. Thoma Bravo said the acquisition is expected to close in the fourth quarter of this year. Late Tuesday, Ping (PING) reported second-quarter results that fell short of Wall Street's expectations.

Recent updates

Seeking Alpha • Aug 03

Ping Identity shares surge 60% on Thoma Bravo acquisition

Ping Identity Holding (NYSE:PING) saw its shares rocket up by 60% Wednesday as the identity authentication software company said it had agreed to be acquired by Thoma Bravo for $2.8B in cash. Ping (PING) specializes in software that businesses use to prevent fraud and protect individuals' passwords and personal data. In a statement announcing the deal, Thoma Bravo managing partner Seth Boro praised Ping (PING) for what he called its "strong position in enterprise identity security" as "a tectonic shift if occurring in intelligent identity solutions" for businesses. Under terms of the deal, Thoma Bravo will pay $28.50 a share for all of Ping's (PING) outstanding stock. The price represents a 63% premium over Ping's (PING) Tuesday closing price. Thoma Bravo said the acquisition is expected to close in the fourth quarter of this year. Late Tuesday, Ping (PING) reported second-quarter results that fell short of Wall Street's expectations.
Analysis Article • Jul 18

Ping Identity Holding (NYSE:PING) Is Making Moderate Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 26

Ping Identity Holding Corp. (NYSE:PING) Shares Could Be 46% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ping Identity Holding...
Seeking Alpha • May 15

Ping Identity Q1 Earnings: Turnaround On

ARR growth at Ping Identity accelerated for the fifth straight quarter fueled by increasing SaaS revenues. Increasing share of SaaS revenues puts pressure on gross margins, however, they are still at good levels. Increasingly strong ties to the federal government could provide a positive catalyst for the year.
Analysis Article • Mar 24

Here's Why Ping Identity Holding (NYSE:PING) Can Afford Some Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Jan 30

Ping Identity: Facing An Identity Crisis

Ping Identity has seen growth accelerate in 2021 after a tough pandemic period. Accelerating growth has come at the expense of increasing losses, quite worrying. Fearing these losses and inferior quality of the business vs. some peers which have demonstrated quicker growth, all of this makes me a bit cautious here.
Analysis Article • Jan 24

Is It Time To Consider Buying Ping Identity Holding Corp. (NYSE:PING)?

Ping Identity Holding Corp. ( NYSE:PING ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article • Sep 30

Is Ping Identity Holding (NYSE:PING) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Aug 05

Ping Identity - Stock And Valuation Near Bottom, Time To Buy

Following solid F2Q21 results, we are buying more shares of Ping at the current levels. The company beat consensus revenue, EPS, ARR, and free cash flow estimates. Ping has been impacted by the pandemic more than other companies in our coverage universe. The company expects business to recover quickly as the pandemic comes to an end. With the pandemic end looming, many enterprises, particularly in the affected industries of travel and hospitality, are building out their identity security ahead of potential business improvement. The stock is trading slightly above 52-week lows of around $20 and is still 40% below its 52-week highs of about $38, making the risk/reward favorable to investors. The company has products, growth drivers, compelling valuation, and potential multiple expansion to increase the stock price. Therefore, we urge investors to buy the stock here.
Seeking Alpha • Jun 21

Ping Identity acquires SecuredTouch to bolster new cloud platform

Ping Identity (PING) announces the new PingOne Cloud Platform, which gives customers a single point from which to manage every Ping product and service.The cloud platform includes PingOne for Customers with multi-factor authentication and other identity services and PingOne for Workforce to connect employees and contract workers to a central authentication authority for one-click single sign-on access.The company rebrands its PingDataGovernance product as PingAuthorize, which fits into the cloud platform to allow enterprises centralized authentication to help mitigate fraud and
Analysis Article • Feb 27

Ping Identity Holding Corp. (NYSE:PING) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

There's been a major selloff in Ping Identity Holding Corp. ( NYSE:PING ) shares in the week since it released its...
Analysis Article • Jan 06

Should You Review Recent Insider Transactions At Ping Identity Holding Corp. (NYSE:PING)?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...
Analysis Article • Dec 11

Can You Imagine How Ping Identity Holding's (NYSE:PING) Shareholders Feel About The 27% Share Price Increase?

It hasn't been the best quarter for Ping Identity Holding Corp. ( NYSE:PING ) shareholders, since the share price has...

Shareholder Returns

PINGUS SoftwareUS Market
7D0.4%8.6%1.6%
1Y4.5%-1.1%28.2%

Return vs Industry: PING exceeded the US Software industry which returned -36.4% over the past year.

Return vs Market: PING exceeded the US Market which returned -23.7% over the past year.

Price Volatility

Is PING's price volatile compared to industry and market?
PING volatility
PING Average Weekly Movement17.3%
Software Industry Average Movement9.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: PING's share price has been volatile over the past 3 months.

Volatility Over Time: PING's weekly volatility has increased from 11% to 17% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20021,247Andre Durandwww.pingidentity.com

Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally. Its Ping Intelligent Identity platform provides access to cloud, mobile, Software-as-a-Service, and on-premise applications with customers, workforce, and partners. The company’s platform offers secure single sign-on; multi-factor authentication; access security; directory solution; dynamic authorization; risk management; identity verification; API intelligence; orchestration; and fraud detection.

Ping Identity Holding Corp. Fundamentals Summary

How do Ping Identity Holding's earnings and revenue compare to its market cap?
PING fundamental statistics
Market capUS$2.46b
Earnings (TTM)-US$105.58m
Revenue (TTM)US$308.32m
8.0x
P/S Ratio
-23.3x
P/E Ratio

Is PING overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PING income statement (TTM)
RevenueUS$308.32m
Cost of RevenueUS$77.83m
Gross ProfitUS$230.49m
Other ExpensesUS$336.08m
Earnings-US$105.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.22
Gross Margin74.76%
Net Profit Margin-34.25%
Debt/Equity Ratio41.6%

How did PING perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/10/18 17:19
End of Day Share Price 2022/10/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ping Identity Holding Corp. is covered by 18 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan RuykhaverBaird
Saket KaliaBarclays
Tal LianiBofA Global Research