Recent Insider Transactions Derivative • Aug 06
Founder exercised options and sold US$2.0m worth of stock On the 3rd of August, Andre Durand exercised 100k options at a strike price of around US$7.85 and sold these shares for an average price of US$27.87 per share. This trade did not impact their existing holding. For the year to December 2018, Andre's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Andre's direct individual holding has increased from 413.49k shares to 502.42k. Company insiders have collectively sold US$8.4m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Aug 05
Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. entered into a definitive agreement to acquire Ping Identity Holding Corp. (NYSE:PING) from Vepf VI FAF, L.P., Vista Equity Partners Fund VI-A, L.P. and Vista Equity Partners Fund VI, L.P. managed by Vista Equity Partners Management, LLC and others for approximately $2.6 billion. Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. entered into a definitive agreement to acquire Ping Identity Holding Corp. (NYSE:PING) from Vepf VI FAF, L.P., Vista Equity Partners Fund VI-A, L.P. and Vista Equity Partners Fund VI, L.P. managed by Vista Equity Partners Management, LLC and others for approximately $2.6 billion on August 2, 2022. Thoma Bravo will acquire the shares of Ping Identity at $28.5 per share. The all-cash transaction is valued at an Enterprise Value of approximately $2.8 billion. Thoma Bravo have secured committed financing which is subject to customary terms and conditions, consisting of equity financing from the Fund, the aggregate proceeds of which will be sufficient for Parent to pay the aggregate merger consideration and all related fees and expenses of Ping Identity. Upon completion of the transaction, Ping Identity’s common stock will no longer be listed on the New York Stock Exchange and Ping Identity will become a privately held company. The Company will remain headquartered in Denver, Colorado. Ping Identity will be required to pay Thoma Bravo a termination fee equal to $78,000,000. The transaction is subject to customary closing conditions, including approval by Ping Identity shareholders, regulatory approvals and the expiration or termination of any applicable waiting periods under the Hart-Scott-Rodino Act, certain other approvals and clearances by government authorities, and other customary conditions for a transaction. The transaction, which was unanimously approved by the Ping Identity Board of Directors, is expected to close in the fourth quarter of 2022. Goldman Sachs & Co. LLC is acting as exclusive financial advisor as well as fairness opinion provider and Daniel Wolf, P.C.; David M. Klein, P.C. and Chelsea N. Darnell of Kirkland & Ellis LLP served as legal advisor to Ping Identity. Joshua M. Zachariah, David E. Johanson and Joseph C. Theis of Goodwin Procter LLP is serving as legal counsel to Thoma Bravo. Susie Choi and Christina Lema of Kirkland & Ellis LLP acted as legal advisor to Vista Equity. Reported Earnings • Aug 04
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.56 loss per share (down from US$0.13 loss in 2Q 2021). Revenue: US$72.0m (down 8.7% from 2Q 2021). Net loss: US$47.8m (loss widened 336% from 2Q 2021). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 87%. Over the next year, revenue is forecast to grow 18%, compared to a 19% growth forecast for the industry in the US. Price Target Changed • Jul 30
Price target decreased to US$27.46 Down from US$29.79, the current price target is an average from 15 analysts. New target price is 60% above last closing price of US$17.15. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$1.16 next year compared to a net loss per share of US$0.78 last year. Duyuru • Jul 20
Bernard Harguindeguy Will Step Down from His Role as Svp of Special Projects of Ping Identity Holding Corp Ping Identity Holding Corp. announced that effective July 22, 2022, Bernard Harguindeguy will step down from his role as SVP of Special Projects of Ping Identity Holding Corp. to pursue other opportunities. Duyuru • Jul 06
Ping Identity Holding Corp. to Report Q2, 2022 Results on Aug 03, 2022 Ping Identity Holding Corp. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2022 Duyuru • Jul 02
Ping Identity Holding Corp. Announces Resignation of Bryan Kristian Nagel as Chief Operating Officer On June 28, 2022, Bryan Kristian Nagel informed Ping Identity Holding Corp. (the “Company”) that he intends to resign from his position as Chief Operating Officer of the Company, effective as of July 15, 2022, to pursue other opportunities, but will remain with the Company in an advisory role through September 30, 2022. Duyuru • Jun 26
Ping Identity Holding Corp.(NYSE:PING) dropped from Russell 2000 Defensive Index Ping Identity Holding Corp.(NYSE:PING) dropped from Russell 2000 Defensive Index Duyuru • Jun 08
Ping Identity Solutions Now Available on AWS Marketplace Through Carahsoft Ping Identity announced Federal agencies can now procure the company's Identity, Credential, and Access Management (ICAM) products through the Carahsoft Amazon Web Services (AWS) Marketplace. The listing allows customers to adopt a Zero Trust architecture with AWS Marketplace conveniences such as ease of access, flexible pricing terms, simplified billing, quick deployment, and license management. Cloud-based AWS Marketplace access creates a simpler, faster, and more cost-effective way for agencies to purchase and implement security and identity solutions at a time when they are challenged to meet more stringent standards and policies mandated by the Federal Government. These requirements include the White House Executive Order on Improving the Nation's Cybersecurity, which requires the adoption of Zero Trust architecture. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Vik Verma was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • May 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.94 to -US$1.11 per share. Revenue forecast unchanged at US$337.4m. Software industry in the US expected to see average net income growth of 7.3% next year. Consensus price target broadly unchanged at US$31.90. Share price fell 35% to US$17.83 over the past week. Reported Earnings • May 05
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.24 loss per share (down from US$0.20 loss in 1Q 2021). Revenue: US$84.7m (up 23% from 1Q 2021). Net loss: US$20.3m (loss widened 27% from 1Q 2021). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 11%, compared to a 37% growth forecast for the industry in the US. Duyuru • May 05
Ping Identity Holding Corp. Provides Financial Guidance for the Second Quarter Ending June 30, 2022 and for the Full Year Ending December 31, 2022 Ping Identity Holding Corp. provided financial guidance for the second quarter ending June 30, 2022 and for the full year ending December 31, 2022. For the second quarter, the company expects total revenue of $70.0 million to $75.0 million.For the full year, the company expects total revenue of $332.0 million to $342.0 million. Buying Opportunity • Apr 19
Now 21% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be US$36.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 63%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to decline by 19% in the next 2 years. Duyuru • Apr 14
Ping Identity Names Technology Veteran Rakesh Thaker as SVP, Chief Development Officer Ping Identity announced Rakesh Thaker as its new SVP, Chief Development Officer to lead Ping Identity's world-wide Research & Development (R&D) organization. Thaker will supersede the retiring Peter Burke, currently responsible for leading Ping Identity's R&D organization. Thaker comes to Ping Identity from Cisco, where as Vice President of Enterprise Networking he was responsible for overseeing a global R&D team. Thaker has held leadership positions at both private and public companies including Cisco, Gigamon, Blue Coat and Dell, where he built, grew and led teams across the world to build enterprise-class SaaS, Security and networking products. Duyuru • Apr 07
Ping Identity Holding Corp. to Report Q1, 2022 Results on May 04, 2022 Ping Identity Holding Corp. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Recent Insider Transactions Derivative • Mar 30
Founder exercised options and sold US$1.8m worth of stock On the 25th of March, Andre Durand exercised 100k options at a strike price of around US$7.85 and sold these shares for an average price of US$26.04 per share. This trade did not impact their existing holding. For the year to December 2018, Andre's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2021, Andre's direct individual holding has decreased from 413.49k shares to 33.25k. Company insiders have collectively sold US$3.7m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Mar 23
Ping Identity Holding Corp., Annual General Meeting, May 03, 2022 Ping Identity Holding Corp., Annual General Meeting, May 03, 2022, at 08:00 Mountain Standard Time. Agenda: To consider and elect two nominees identified in the accompanying proxy statement to serve as directors, as recommended by the Compensation and Nominating Committee of the Board of Directors of Ping Identity; to consider and ratify the appointment of PricewaterhouseCoopers LLP as Ping Identity's independent registered public accounting firm for the year ending December 31, 2022; to consider the approval, by an advisory vote, of Ping Identity's executive compensation; and to consider other matters of the business. Price Target Changed • Mar 22
Price target decreased to US$29.50 Down from US$31.79, the current price target is an average from 15 analysts. New target price is 21% above last closing price of US$24.31. Stock is up 5.6% over the past year. The company is forecast to post a net loss per share of US$0.92 next year compared to a net loss per share of US$0.78 last year. Duyuru • Mar 03
Ping Identity Holding Corp. Announces Board Changes On February 23, 2022, Lisa Hook notified the board of directors of Ping Identity Holding Corp. that she would not be standing for re-election to the Board, with her current term set to expire on May 3, 2022. Subject to Board approval, Anil Arora and Vikram Verma are expected to join the Board, with terms beginning on May 3, 2022. Arora and Verma will serve as Class III directors until the Company’s 2025 Annual Meeting of Stockholders. Arora has been a pioneer in the Fintech space and CEO of Yodlee and Envestnet|Yodlee from 2000-2019. He led Yodlee from a start-up to its public offering and eventual sale. Verma is a seasoned executive with over 30 years of leadership experience with technology companies of all sizes. He was previously CEO of 8x8 Inc. where he served for over 7 years. Major Estimate Revision • Mar 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$334.3m to US$337.9m. Forecast EPS reduced from -US$0.47 to -US$0.96 per share. Software industry in the US expected to see average net income growth of 10.0% next year. Consensus price target down from US$31.79 to US$29.64. Share price rose 13% to US$21.44 over the past week. Price Target Changed • Feb 26
Price target decreased to US$29.77 Down from US$32.29, the current price target is an average from 14 analysts. New target price is 44% above last closing price of US$20.72. Stock is down 12% over the past year. The company is forecast to post a net loss per share of US$0.49 next year compared to a net loss per share of US$0.78 last year. Duyuru • Feb 25
Ping Identity Holding Corp. Provides Earnings Guidance for Quarter Ending March 31, 2022 and Year Ending December 31, 2022 Ping Identity Holding Corp. provides earnings guidance for quarter ending March 31, 2022 and year ending December 31, 2022. For the quarter ending March 31, 2022, the company expects total Revenue of $78.0 million to $82.0 million.For year ending December 31, 2022, the company expects total Revenue of $330.0 million to $340.0 million. Duyuru • Feb 02
Ping Identity Launches PingOne DaVinci Ping Identity announced PingOne DaVinci, a new no-code identity orchestration service that enables organizations to design better user experiences with drag-and-drop simplicity. As the foundation of the PingOne Cloud Platform, DaVinci streamlines the integration and deployment of identity services through a no-code experience that makes it easier to design digital user journeys across multiple applications and ecosystems. DaVinci is vendor-agnostic, allowing organizations to integrate and orchestrate identity services from a wide range of vendors. It features a library of 100+ out-of-the-box connectors for a range of identity, IT, and automation services.Identity orchestration empowers enterprises to design dynamic user journeys for any use case within a unified identity fabric. From a single design canvas user can easily create user journeys which span the entire identity lifecycle including registration, verification, authentication, authorization, risk, fraud, privileged access, governance and more. DaVinci makes it easier than ever before to design, test, and optimize end-user experiences. Duyuru • Dec 15
Ping Identity Launches PingOne Authorize, Advancing its Cloud Identity Platform with Dynamic Authorization Capabilities Ping Identity announced PingOne Authorize, introducing cloud-based dynamic authorization capabilities for the enterprise identity security market. The new technology extends the PingOne Cloud Platform’s cybersecurity protection, beyond authenticating users to controlling what users can see and do within applications. This allows organizations to better reduce fraud, comply with privacy regulations, and improve the user experience. PingOne Authorize adds dynamic, fine-grained authorization and administration for applications, APIs, and data with attribute-based access control (ABAC). These new capabilities give organizations the ultimate flexibility to apply data access policies anywhere, using contextual information in the decision. By offering it as a cloud-based service within the PingOne Cloud Platform, customers can gain enhanced authorization capabilities and rapid time to value. Recent Insider Transactions Derivative • Nov 26
Founder exercised options and sold US$1.8m worth of stock On the 22nd of November, Andre Durand exercised 100k options at a strike price of around US$7.85 and sold these shares for an average price of US$25.37 per share. This trade did not impact their existing holding. For the year to December 2020, Andre's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2020, Andre's direct individual holding has decreased from 418.97k shares to 413.49k. Company insiders have collectively sold US$4.1m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 09
Price target increased to US$35.29 Up from US$32.79, the current price target is an average from 15 analysts. New target price is 21% above last closing price of US$29.25. Stock is up 31% over the past year. The company is forecast to post a net loss per share of US$0.72 next year compared to a net loss per share of US$0.15 last year. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.14 loss per share (vs US$0.012 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$76.2m (up 27% from 3Q 2020). Net loss: US$11.5m (loss widened US$10.5m from 3Q 2020). Executive Departure • Oct 06
Senior VP of Finance & Chief Accounting Officer Adriana Carpenter has left the company On the 30th of September, Adriana Carpenter's tenure as Senior VP of Finance & Chief Accounting Officer ended. As of June 2021, Adriana still personally held 67.36k shares (US$1.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.25 years. Duyuru • Aug 06
Ping Identity Holding Corp. Provides Financial Guidance for the Third Quarter Ending September 30, 2021 and for the Year Ending December 31, 2021 Ping Identity Holding Corp. provided financial guidance for the third quarter ending September 30, 2021 and for the year ending December 31, 2021. For the quarter, the company expects, total annual recurring revenue of $286.0 million to $288.0 million; and total revenue of $65.0 million to $70.0 million.
For the year, the company expects, total annual recurring revenue of $304.0 million to $306.0 million; and total revenue of $278.0 million to $285.0 million. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$0.13 loss per share (vs US$0.036 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$78.9m (up 34% from 2Q 2020). Net loss: US$11.0m (loss widened 277% from 2Q 2020). Duyuru • Jun 17
Ping Identity Holding Corp. has completed a Follow-on Equity Offering in the amount of $144 million. Ping Identity Holding Corp. has completed a Follow-on Equity Offering in the amount of $144 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,000,000
Price\Range: $24
Discount Per Security: $0.25 Executive Departure • May 12
Independent Director has left the company On the 6th of May, Clifford Chiu's tenure as Independent Director ended after 4.3 years in the role. As of December 2020, Clifford personally held 36.84k shares (US$1.1m worth at the time). A total of 2 executives have left over the last 12 months. Major Estimate Revision • May 12
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from US$261.1m to US$269.5m. Forecast EPS reduced from -US$0.34 to -US$0.67 per share. Software industry in the US expected to see average net income growth of 4.5% next year. Consensus price target broadly unchanged at US$32.38. Share price was steady at US$22.87 over the past week. Reported Earnings • May 07
First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.054 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$68.9m (up 12% from 1Q 2020). Net loss: US$15.9m (loss widened 271% from 1Q 2020). Duyuru • May 06
Ping Identity Provides Financial Guidance for the Quarter Ending June 30, 2021 and Year Ending December 31, 2021 Ping Identity provided financial guidance for the quarter ending June 30, 2021 and year ending December 31, 2021. For the quarter, the company expects total ARR of $272.0 million to $274.0 million. Total Revenue of $65.0 million to $67.0 million.
For the year, the company expects total ARR of $298.5 million to $300.5 million. Total Revenue of $264.0 million to $272.0 million. Duyuru • Mar 12
Ping Identity Appoints Diane Gherson to Board of Directors Ping Identity reported that Diane Gherson has joined the company's board of directors. Gherson served as Chief Human Resource Officer (CHRO) for International Business Machines Corp. (IBM) for seven years, retiring in December 2020. At IBM, she was responsible for the people and culture of the company's 350,000+ global workforce. During her tenure as CHRO, Gherson redesigned all aspects of IBM's people agenda and management systems to support a massive shift in the business portfolio, shaping a culture of continuous learning, innovation and agility. She championed IBM's global adoption of design thinking and agile methods at scale, driving a company-wide, co-created overhaul of performance management. Gherson holds a U.S. patent in the field of predictive analytics and has been widely recognized as a high-impact, technology savvy chief human resource officer who has redefined the human resources profession. Gherson was named HR Executive of the Year by HR Executive in 2018, and elected Fellow of the National Academy of Human Resources (NAHR), the highest honor granted in the human resources profession. In addition to her board position with Ping Identity, Gherson also serves on the Boards of iCIMS, the National Academy of Human Resources and is an executive advisory board member at Semper Virens Venture Capital. Prior to joining IBM in 2002, Gherson led the global compensation and performance practice at consulting firm Willis Towers Watson. Is New 90 Day High Low • Mar 06
New 90-day low: US$22.49 The company is down 8.0% from its price of US$24.37 on 04 December 2020. The American market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Duyuru • Mar 04
Ping Identity Holding Corp. Joins Decentralized Identity Foundation to Advance Open Standards for Personal Identity Ping Identity Holding Corp. joined the Decentralized Identity Foundation (DIF) to help forge open standards for protecting digital identities. The Digital Identity Foundation aims to develop an open ecosystem for decentralized management of digital identities, and ensure interoperability between all participants. The goal is to help people and organizations gain control over their digital identities, enabling them to conduct trusted online transactions and interactions safely. Ping Identity has been a leading proponent of open standards for personal identity since its inception. The company is actively involved in the World Wide Web Consortium’s (W3C) Web Authentication and Verifiable Credentials Working Group. It is also a major participant in the standard setting bodies for the OpenID Foundation and the Internet Engineering Task Force (IETF). Ping Identity also recently announced its Project COVID Freedom initiative, which provides an open, standards approach to managing digital COVID-19 vaccine certifications. Ping Identity will collaborate with more than 600 members in active DIF working groups, sharing its knowledge in standards-based solutions for trustworthy digital identities. The company will help develop technical specifications for protocols, components, and data formats for digital identities. It will also help develop open source reference implementations that enable creation, resolution, and discovery of decentralized identifiers and names across decentralized systems, like blockchains and distributed ledgers, to name a few of the Foundation’s efforts. Major Estimate Revision • Mar 03
Analysts lower EPS estimates to -US$0.36 The 2021 consensus revenue estimate was lowered from US$288.3m to US$260.9m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -US$0.25 to -US$0.36 for the same period. The Software industry in the US is expected to see an average net income growth of 5.8% next year. The consensus price target was lowered from US$34.71 to US$33.82. Share price is down by 22% to US$24.62 over the past week. Duyuru • Mar 03
Ping Identity Holding Corp. Announces Board and Committee Appointments On March 1, 2021, the board of directors (the “Board”) of Ping Identity Holding Corp. (the Company”) increased the size of the Board from ten to eleven directors and appointed Diane Gherson as a member of the Board to fill the resulting vacancy. Ms. Gherson will serve as a Class II director until the Company’s 2021 Annual Meeting of Stockholders, and is expected to be nominated for election to a new three-year term at such meeting. Ms. Gherson was also appointed to serve on the Compensation and Nominating Committee of the Board. Ms. Gherson served as chief human resource officer (“CHRO”) for International Business Machines Corporation (“IBM”) for seven years, retiring in December 2020. At IBM, Ms. Gherson was responsible for the people and culture of IBM's global workforce. During her tenure as CHRO, Ms. Gherson redesigned all aspects of IBM’s people agenda and management systems. Ms. Gherson serves on the Boards of iCIMS Inc. and the National Academy of Human Resources, and as an executive advisory board member at Semper Virens Venture Capital. Prior to joining IBM in 2002, Ms. Gherson led the global compensation and performance practice at consulting firm Willis Towers Watson. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.15 loss per share (vs US$0.022 loss in FY 2019) The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: US$243.6m (flat on FY 2019). Net loss: US$11.9m (loss widened US$10.4m from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 7.1%, compared to a 19% growth forecast for the Software industry in the US. Duyuru • Feb 19
Peter Burke Joins Ping Identity Holding Corp. as Senior Vice President of R&D Ping Identity, welcomed Peter Burke as the new Senior Vice President of Research and Development. Burke is a highly accomplished business leader with a Ph.D. in Computer Science and more than 25 years of technology experience spanning Silicon Valley startups to multinational organizations. Burke will drive product strategy and development across all Ping solutions, helping to further accelerate identity security and make access management simple for businesses and the consumers they serve. Duyuru • Feb 18
Ping Identity’s ‘Project COVID Freedom’ Aims to Make Vaccination Verification Simple Ping Identity announced Project COVID Freedom which leverages its recent acquisition of ShoCard personal identity to allow healthcare providers, businesses, and individuals to easily share proof of COVID test results and vaccinations. Project COVID Freedom creates a secure and privacy enabled way for healthcare providers, businesses, and individuals to verify test and vaccination results, while keeping users up to date on vaccination status over time via private encrypted messages. Individuals instantly receive digital proof of their vaccinations in their secure ShoCard mobile wallet from enrolled healthcare providers, then can securely share with participating employers, restaurants, entertainment arenas, friends, family, and more, using a QR code. Unlike other vaccination passports, Ping Identity’s solution provides a secure way to continuously manage test results and vaccination status, speeding up the time it takes to demonstrate proof of vaccination, and providing a more versatile and trustworthy solution over paper certifications. Using Ping Identity’s solution, vaccine providers can send timely reminders directly to customers when they are due for a second dose. Or, if a batch of vaccines is discovered to lack efficacy, providers can revoke the proof and instantly communicate corrective actions. Is New 90 Day High Low • Feb 10
New 90-day high: US$33.98 The company is up 59% from its price of US$21.39 on 11 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$18.22 per share. Recent Insider Transactions Derivative • Feb 10
Chief Legal Officer & Secretary exercised options and sold US$259k worth of stock On the 8th of February, Lauren Romer exercised 11k options at a strike price of around US$11.79 and sold these shares for an average price of US$35.02 per share. This trade did not impact their existing holding. Since June 2020, Lauren has owned 95.42k shares directly. Company insiders have collectively sold US$6.9m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Feb 03
Ping Identity Launches New Identity Verification Service to Radically Simplify Customer Onboarding and Reduce Fraud Ping Identity launched PingOne Verify, a new cloud service that helps enterprises make it easy for customers to verify their identity for rapid account onboarding, authentication and fraud prevention. The new PingOne Service is the latest addition to Ping Identity’s suite of cloud services for identity and access management (IAM). PingOne Verify empowers enterprises to improve customer convenience and strengthen security by streamlining identity verification when customers create new accounts, enroll in new services and other scenarios where risk is elevated. The innovative cloud service leverages facial recognition technology and government ID document validation to ensure enterprises are interacting with the right customers without requiring passwords or any unnecessary friction in the user experience. PingOne Verify enables enterprises to enhance the customer experience by embedding identity verification directly into their customer-facing mobile app. Customers simply provide live-capture selfies along with an image of their government-issued identification card, such as a driver’s license or passport. The technology leverages “liveness detection,” in which customers' facial gestures – like smiling and straight-faced – are captured in a continuous stream, rather than a single static image, allowing PingOne Verify to ensure the end-user is a real, live person who is able to follow instructions. PingOne Verify uses facial recognition technology to match the live-face capture with the customer’s image on their government ID. Once it is determined to be a match, PingOne Verify then taps into external data services to validate the government ID is not tampered with or modified. When verification is complete, customers can continue with the account creation, registration or authentication process. PingOne Verify also helps enterprises streamline secondary account creation or other events that would require the customer to reverify their identity. The service connects a customer’s verified identity to their mobile device during the initial verification, bypassing the need to scan a government ID on subsequent verifications. This approach not only simplifies the process for repeat customers, it can lower the overall cost of identity verification for enterprises without impacting security. The new service is particularly ideal for companies in regulated industries, such as financial services and insurance, which have strict Know Your Customer (KYC) requirements. The risk level during the first interaction with a customer has high potential for fraudulent activity or account takeover. PingOne Verify gives these enterprises the confidence that they are engaging with the right customers from the very first interaction. Is New 90 Day High Low • Jan 25
New 90-day high: US$32.30 The company is up 2.0% from its price of US$31.82 on 26 October 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$21.23 per share. Recent Insider Transactions Derivative • Jan 23
Chief Legal Officer & Secretary exercised options and sold US$310k worth of stock On the 19th of January, Lauren Romer exercised 14.35k options at a strike price of around US$7.85 and sold these shares for an average price of US$29.49 per share. This trade did not impact their existing holding. Since June 2020, Lauren has owned 95.42k shares directly. Company insiders have collectively sold US$6.6m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Jan 20
Ping Identity Holding Corp. to Report Q4, 2020 Results on Feb 24, 2021 Ping Identity Holding Corp. announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 Duyuru • Jan 07
Ping Identity Holding Corp. Appoints Paul E. Martin as Member of the Board On January 1, 2021, the board of directors of Ping Identity Holding Corp. increased in the size of the Board from nine to ten directors and appointed Paul E. Martin as a member of the Board to fill the resulting vacancy. Mr. Martin will serve as a Class II director until the company’s 2021 Annual Meeting of Stockholders and until such time as his successor is duly elected and qualified, or until his earlier death, resignation or removal. Mr. Martin was also appointed to serve on the Audit Committee of the Board. Paul E. Martin, 62, served as senior vice president and chief information officer for Baxter International Inc. from January 2011 to October 2020, where he had global responsibility for information technology strategy, operations, security, and processes. Recent Insider Transactions Derivative • Dec 15
Chief Operating Officer exercised options and sold US$146k worth of stock On the 11th of December, B. Nagel exercised 10.00k options at a strike price of around US$13.44 and sold these shares for an average price of US$28.00 per share. This trade did not impact their existing holding. Since March 2020, Nagel has not owned shares directly. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Nov 28
Ping Identity Holding Corp. Announces Board Changes On November 27, 2020, the board of directors of Ping Identity Holding Corp. appointed Martin Taylor as a member of the board. Mr. Taylor will serve as a Class I director until the company’s 2024 annual meeting of stockholders and until such time as his successor is duly elected and qualified, or until his earlier death, resignation or removal. Mr. Taylor was also appointed to serve on the compensation and nominating committee of the board. Mr. Taylor fills the vacancy on the board created by the resignation of Brian Sheth, who resigned from the board and as chairman effective November 26, 2020. Mr. Sheth’s decision to resign was not due to any disagreement with the company’s operations, policies or practices. The board also appointed current director Michael Fosnaugh to serve as chairman of the board. Martin Taylor, 50, is an operating managing director at Vista Equity Partners. In his capacity as an operating managing director he works with the leadership teams in the Vista portfolio creating value. Mr. Taylor currently serves on the board of multiple Vista portfolio companies, including Jamf Holding Corp. He also works on a variety of cross portfolio initiatives. Prior to joining Vista in 2006, Mr. Taylor spent over 13 years at Microsoft in various capacities, including roles managing corporate strategy, sales, product marketing and various segment focused teams in North America and Latin America. Mr. Taylor attended George Mason University. Price Target Changed • Nov 13
Price target lowered to US$33.07 Down from US$36.27, the current price target is an average from 14 analysts. The new target price is 61% above the current share price of US$20.59. As of last close, the stock is up 7.0% over the past year. Is New 90 Day High Low • Nov 13
New 90-day low: US$20.59 The company is down 37% from its price of US$32.75 on 14 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$18.66 per share. Duyuru • Nov 03
Ping Identity Holding Corp. (NYSE:PING) acquired Symphonic Software. Ping Identity Holding Corp. (NYSE:PING) acquired Symphonic Software on November 2, 2020.
Ping Identity Holding Corp. (NYSE:PING) completed the acquisition of Symphonic Software on November 2, 2020. Duyuru • Oct 29
Ping Identity Unveils Advanced Passwordless Features to Transform Digital Experiences Ping Identity announced PingZero, a suite of passwordless authentication features organizations can implement to deliver seamless digital experiences to employees and customers. By eliminating login friction, including the need for
usernames and passwords, PingZero boosts employee productivity, improves customer retention and acquisition rates, and strengthens cybersecurity defenses 'all with zero passwords and zero friction. PingZero uniquely leverages the Ping Intelligent Identity platform and other technologies including the FIDO2 standard to enable passwordless experiences across a variety of resources and applications. PingZero’s advanced passwordless authentication utilizes device and browser settings, biometrics, and the FIDO2 standard to provide enterprises with greater assurance that a user is who they say they are. The solution also removes interruptions like excessive login prompts or password resets, which not only cause strain on IT departments but deteriorate employee productivity and customer engagement. PingZero can be deployed across a broad range of enterprise resources including mobile, SaaS, legacy applications, and more. PingZero is available in multiple Ping offerings including the comprehensive authentication authority solutions, Customer360 and Workforce360. Key features include: User Self-Registration: A simple and convenient QR code-based sign-on process means no passwords are needed at the time of account creation. Customization: Includes the ability for enterprises to use their own branded mobile application to implement PingZero without requiring third-party MFA applications for the user to download. Security and Compliance: Provides phishing-resistant, privacy-preserving authentication based on the FIDO2/WebAuthn standard. Continuous Authentication: Added convenience by requiring a user to re-authenticate only when certain risk thresholds are exceeded. Operating in the background, risk signals are tracked and monitored including changes in geolocation, IP address, device posture, and other factors. Duyuru • Oct 10
Ping Identity Holding Corp. to Report Q3, 2020 Results on Nov 04, 2020 Ping Identity Holding Corp. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 04, 2020 Duyuru • Aug 24
Ping Identity Holding Corp. Not Provides Outlook for the Full Year Ending December 31, 2020 Ping Identity Holding Corp. announced that given prevailing macro uncertainties related to the COVID-19 pandemic, the company is not providing outlook for the full year ending December 31, 2020. Duyuru • Jul 18
Ping Identity Holding Corp. to Report Q2, 2020 Results on Aug 12, 2020 Ping Identity Holding Corp. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 12, 2020 Duyuru • Jul 09
Ping Identity Holding Corp. has completed a Follow-on Equity Offering in the amount of $287.294976 million. Ping Identity Holding Corp. has completed a Follow-on Equity Offering in the amount of $287.294976 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,977,968
Price\Range: $32 Duyuru • Jul 02
Ping Identity Holding Corp.(NYSE:PING) dropped from Russell 3000 Value Index Ping Identity Holding Corp.(NYSE:PING) dropped from Russell 3000 Value Index