Bryan Kristian Nagel Sells 59,000 Shares of Ping Identity Holding Corp. (NYSE:PING) Stock

Ping Identity Holding Corp. (NYSE:PINGGet Rating) COO Bryan Kristian Nagel sold 59,000 shares of Ping Identity stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $30.07, for a total value of $1,774,130.00. Following the transaction, the chief operating officer now directly owns 473,387 shares of the company’s stock, valued at approximately $14,234,747.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bryan Kristian Nagel also recently made the following trade(s):

  • On Monday, April 11th, Bryan Kristian Nagel sold 39,000 shares of Ping Identity stock. The stock was sold at an average price of $28.17, for a total transaction of $1,098,630.00.

NYSE PING opened at $29.57 on Friday. The business’s fifty day moving average is $22.77 and its 200 day moving average is $23.43. Ping Identity Holding Corp. has a fifty-two week low of $17.60 and a fifty-two week high of $30.40. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.39.

Ping Identity (NYSE:PINGGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $75.42 million during the quarter, compared to the consensus estimate of $71.39 million. Ping Identity had a negative return on equity of 4.65% and a negative net margin of 21.50%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. As a group, equities research analysts predict that Ping Identity Holding Corp. will post -0.57 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ping Identity in the third quarter worth approximately $49,000. First Pacific Advisors LP purchased a new position in shares of Ping Identity during the 3rd quarter valued at $77,000. Alpha Paradigm Partners LLC bought a new position in Ping Identity in the 4th quarter worth $198,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ping Identity by 95.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,899 shares of the company’s stock worth $204,000 after buying an additional 4,341 shares during the period. Finally, Tudor Investment Corp Et Al purchased a new stake in Ping Identity in the 3rd quarter worth $205,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on PING shares. Piper Sandler upped their target price on shares of Ping Identity from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 6th. Mizuho decreased their price target on shares of Ping Identity from $33.00 to $28.00 in a report on Tuesday, January 18th. KeyCorp began coverage on Ping Identity in a report on Monday, April 4th. They set an “overweight” rating and a $34.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Ping Identity from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, March 30th. Finally, BTIG Research cut their price target on shares of Ping Identity from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ping Identity has an average rating of “Buy” and an average target price of $32.27.

Ping Identity Company Profile (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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