Ping Identity Holding Corp. (NYSE:PING) COO Bryan Kristian Nagel Sells 39,000 Shares

Ping Identity Holding Corp. (NYSE:PINGGet Rating) COO Bryan Kristian Nagel sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $28.17, for a total transaction of $1,098,630.00. Following the completion of the transaction, the chief operating officer now owns 473,387 shares in the company, valued at approximately $13,335,311.79. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE:PING opened at $28.89 on Wednesday. Ping Identity Holding Corp. has a 52-week low of $17.60 and a 52-week high of $30.25. The company’s fifty day simple moving average is $22.32. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -37.04 and a beta of 1.13.

Ping Identity (NYSE:PINGGet Rating) last announced its earnings results on Thursday, February 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Ping Identity had a negative net margin of 21.50% and a negative return on equity of 4.65%. The company had revenue of $75.42 million during the quarter, compared to analysts’ expectations of $71.39 million. During the same period in the prior year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities analysts predict that Ping Identity Holding Corp. will post -0.56 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of PING. Morgan Stanley boosted its stake in shares of Ping Identity by 429.6% in the 2nd quarter. Morgan Stanley now owns 360,856 shares of the company’s stock valued at $8,263,000 after purchasing an additional 292,716 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Ping Identity by 11.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 44,674 shares of the company’s stock worth $1,023,000 after acquiring an additional 4,711 shares during the last quarter. Stephens Inc. AR purchased a new position in Ping Identity in the 3rd quarter worth approximately $674,000. Davy Global Fund Management Ltd lifted its position in Ping Identity by 6.9% in the third quarter. Davy Global Fund Management Ltd now owns 126,806 shares of the company’s stock valued at $3,116,000 after purchasing an additional 8,208 shares during the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of Ping Identity by 3.9% in the third quarter. Emerald Advisers LLC now owns 517,375 shares of the company’s stock worth $12,712,000 after purchasing an additional 19,457 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Several equities analysts have issued reports on PING shares. KeyCorp began coverage on Ping Identity in a research note on Monday, April 4th. They issued an “overweight” rating and a $34.00 price target on the stock. Zacks Investment Research lowered shares of Ping Identity from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 8th. The Goldman Sachs Group increased their target price on Ping Identity from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson assumed coverage on Ping Identity in a research report on Tuesday. They set a “buy” rating and a $38.00 target price on the stock. Finally, Stifel Nicolaus raised shares of Ping Identity from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $30.00 in a research report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ping Identity has a consensus rating of “Buy” and an average price target of $32.27.

About Ping Identity (Get Rating)

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.

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