Ping Identity (PING) to Release Earnings on Wednesday

Ping Identity (NYSE:PINGGet Rating) is set to post its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Ping Identity to post earnings of ($0.13) per share for the quarter. Ping Identity has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Ping Identity (NYSE:PINGGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12). Ping Identity had a negative return on equity of 4.65% and a negative net margin of 21.50%. The company had revenue of $75.42 million during the quarter, compared to the consensus estimate of $71.39 million. During the same quarter last year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts expect Ping Identity to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PING stock opened at $26.46 on Wednesday. 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 has a 1-year low of $17.60 and a 1-year high of $30.40. The company’s fifty day simple moving average is $23.92. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -33.92 and a beta of 1.13.

Several research firms have weighed in on PING. The Goldman Sachs Group boosted their target price on shares of Ping Identity from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, April 12th. DA Davidson began coverage on shares of Ping Identity in a report on Tuesday, April 12th. They set a “buy” rating and a $38.00 price target for the company. Zacks Investment Research downgraded shares of Ping Identity from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 8th. Wells Fargo & Company boosted their price target on shares of Ping Identity from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. Finally, KeyCorp began coverage on shares of Ping Identity in a report on Monday, April 4th. They set an “overweight” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $32.27.

In other Ping Identity news, CFO Raj M. Dani sold 26,564 shares of Ping Identity stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $29.48, for a total value of $783,106.72. Following the transaction, the chief financial officer now owns 472,214 shares in the company, valued at $13,920,868.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Bryan Kristian Nagel sold 39,000 shares of Ping Identity 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 disclosure for this sale can be found here. Insiders have sold 224,564 shares of company stock worth $6,259,867 in the last quarter. Company insiders own 2.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Ping Identity by 19.1% during the 4th quarter. BlackRock Inc. now owns 5,288,146 shares of the company’s stock worth $120,991,000 after purchasing an additional 849,027 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Ping Identity by 75.5% in the fourth quarter. Wells Fargo & Company MN now owns 82,669 shares of the company’s stock worth $1,891,000 after purchasing an additional 35,576 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Ping Identity by 116.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,052,878 shares of the company’s stock worth $24,090,000 after purchasing an additional 566,031 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Ping Identity by 46.3% in the fourth quarter. California State Teachers Retirement System now owns 93,087 shares of the company’s stock worth $2,130,000 after purchasing an additional 29,438 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Ping Identity by 19.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 16,011 shares of the company’s stock worth $366,000 after purchasing an additional 2,636 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

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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Earnings History for Ping Identity (NYSE:PING)

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