Ping Identity Holding Corp (PING)

[Dubster watching]

Looking like a great place to enter.

[Dubster watching]

Ok I’ll play!!

[stockguard]

ETFs With Ping Identity Holding Corp.
ETF.com Insight
Ping Identity Holding Corp. is a company in the U.S. stock market and it is a holding in 33 U.S.-traded ETFs. PING has around 3.8M shares in the U.S. ETF market. The largest ETF holder of PING is the ETFMG Prime Cyber Security ETF (HACK), with approximately 1.25M shares. Investors may also find of interest that the ETF with the largest allocation to PING stock is Global X Cybersecurity ETF (BUG), with a portfolio weight of 3.30%. On average, U.S. ETFs allocate 0.31% of PING to their portfolios.

Additionally, PING is a favorite stock for Vanilla and Growth ETFs. It is also most likely to belong to Broad-based ETFs. The best-performing ETF in the past 12 months with PING as a holding is the iShares Expanded Tech-Software Sector ETF (IGV), with a return of 43.63%.

https://www.etf.com/stock/PING

[JohnCM]

Nice rebound after the fund raise.

[JohnCM]

[JohnCM]

That would be great!

[stockguard]

CloudRevolutionUpdate
Amazon May Be Looking to Acquire Slack
https://www.webpronews.com/amazon-may-be-looking-to-acquire-slack/

[stockguard]

Yes I happened to catch it thanks. The GS call today was pure ignorance. Heather Bellini told investors to sell ZM- Zoom, look how that turned out.

Her TipRanks profile:
https://www.tipranks.com/analysts/heather-bellini

[JohnCM]

PING was on MAD MONEY recently.

[stockguard]

With zero gap’s that needs to be filled too. Upward and onward.

[JohnCM]

IN!!

This reminds me of many stocks that I keep an eye on. After watching the stoke price rise for awhile, I finally bite the bullet.

[JohnCM]

[stockguard]

Got back in:
Ping Identity: A Market Leader In Its Own Way
https://seekingalpha.com/article/4352724-ping-identity-market-leader-in-own-way

[stockguard]

Sold too soon but made good $`s now looking for a pullback. Monday could be the start of a small correction, we`ll see.

[JohnCM]

nice chart setup.

[stockguard]

05/29/2020

Ping Identity initiated with an Overweight at Piper Sandler 06:15 PING Ping Identity $27.69 / +1.435 (+5.47%) Piper Sandler analyst Rob Owens initiated coverage of Ping Identity with an Overweight rating and $32 price target. The analyst sees identity "gaining in importance and wallet share" in the coming years as the cloud and virtual work continue to dissolve the network perimeter, and use-cases and identities expand beyond the workforce into customers. Ping's "best-in-breed" approach catering to large enterprises provides "ample runway" for growth into its $25B total addressable market, Owens tells investors in a research note.

[stockguard]

Identity, digital management business is in ‘turbo boost,’ Ping Identity CEO says
Ping Identity CEO Andre Durand said there’s “no doubt” there will be a new norm in the workforce and explained how his company is supplying the adoption of remote work.

TUE, MAY 19 20207:54 PM EST

https://www.cnbc.com/video/2020/05/19/ping-identity-ceo-identity-digital-management-is-in-turbo-boost.html

[JohnCM]

Ping Identity Tops Quarterly Targets, But Stock Drops On Weak Outlook

05/06/2020

Cybersecurity provider Ping Identity (PING) late Wednesday beat Wall Street's targets for the first quarter but gave a weak sales outlook. The earnings news drove PING stock lower in extended trading.

The Denver-based company earned an adjusted 6 cents a share on sales of $61.4 million in the March quarter. Analysts were looking for earnings of 3 cents a share on sales of $59.8 million. On a year-over-year basis, Ping Identity earnings rose 50% while sales climbed 22%.

For the second quarter, Ping Identity forecast sales of $51 million, based on the midpoint of its outlook. Wall Street had predicted sales of $62.5 million.

It also withdrew its full-year guidance due to market uncertainties related to the coronavirus pandemic. Ping Identity had issued its 2020 guidance on March 4.

Ping Identity Pivots To Help Remote Workers

"Despite rapidly changing economic conditions, our first-quarter performance was strong," Chief Executive Andre Durand said in a news release.

He added, "We have quickly pivoted our focus to helping our customers solve their immediate needs of enabling their employees to work remotely. This pandemic and the shock to traditional ways of doing business is proving the essential nature of identity as the foundation of the digital economy."

Subscription revenue accounted for 93% of total sales in the first quarter.

PING Stock Drops In Late Trading

In after-hours trading on the stock market today, PING stock tumbled 9.1%, near 23.90. During the regular session ahead of the Ping Identity earnings report, PING stock rose 2.2% to 26.28.

Ping Identity went public in September, with its initial public offering priced at $15 a share.

[JohnCM]

Outstanding Shares
79,731,031
03/02/2020

[JohnCM]