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Ping Identity Holding Corp. Stock Research

PING

Market Closed

PING Stock Price

PING RSI Chart

PING Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

-23.16

Price/Sales (Trailing)

7.93

EV/EBITDA

-28.22

Price/Free Cashflow

-229.12

PING Price/Sales (Trailing)

PING Profitability

Operating Margin

64.28%

EBT Margin

-38.01%

Return on Equity

-15.05%

Return on Assets

-9.33%

Free Cashflow Yield

-0.44%

PING Fundamentals

PING Revenue

Revenue (TTM)

308.3M

Revenue Y/Y

-8.72%

Revenue Q/Q

-14.95%

PING Earnings

Earnings (TTM)

-105.6M

Earnings Y/Y

-335.81%

Earnings Q/Q

-136.19%

Price Action

Last 7 days

0.9%

Last 30 days

1.2%

Last 90 days

54.3%

Trailing 12 Months

7.7%

PING Financial Health

Current Ratio

3.01

Debt/Equity

0.43

Debt/Cashflow

-0.02

PING Investor Care

Shares Dilution (1Y)

4.58%

Diluted EPS (TTM)

-1.25

Peers (Alternatives to Ping Identity Holding)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
10.44% -6.15%
30.81
10.18
10.38% -5.25%
239.2B
46.1B
2.98% 11.92%
27.2
5.19
11.29% -14.28%
186.1B
31.4B
15.51% -11.57%
894.86
5.94
19.41% -85.60%
170.8B
17.6B
6.63% -12.58%
35.91
9.7
11.54% -1.37%
20.5B
4.4B
-4.43% -40.71%
197.36
4.66
7.15% -92.46%
12.1B
-
-3.12% 35.96%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
9.1B
767.1M
2.62% 4.53%
70.79
11.9
15.59% 16.73%
6.5B
869.9M
8.75% -16.49%
-32.62
7.44
13.87% -103.37%
3.0B
468.0M
-4.10% -34.77%
-19.64
6.33
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.3B
383.7M
10.09% -37.89%
-10.04
3.28
14.43% -50.89%
1.2B
399.9M
31.65% 32.02%
-14.2
2.89
4.73% 8.15%
138.6M
317.3M
-49.53% -75.27%
-2.03
0.44
5.06% -17.52%

Financials for Ping Identity Holding

Income Statement (Last 12 Months)
(In Thousands)
* denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue-2.2%308,319315,196299,449287,287271,044
Gross Profit-6.7%198,173212,457204,567201,129192,026
Operating Expenses4.0%301,030289,548283,592263,340241,111
  S&GA Expenses6.2%130,481122,851117,459109,815100,600
  R&D Expenses4.4%80,67177,27778,51271,95565,703
EBITDA-47.5%-89,799-60,864-62,889--
EBITDA Margin-50.8%-0.29*-0.19*-0.21*--
Earnings Before Taxes-38.6%-117,203-84,574-83,336-63,021-47,934
EBT Margin-41.7%-0.38*-0.27*-0.28*--
Interest Expenses57.2%9,8236,2503,0101,7941,909
Net Income-53.7%-105,584-68,715-64,391-41,764-31,240
Net Income Margin-57.1%-0.34*-0.22*-0.22*--
Free Cahsflow-203.8%-10,67110,27637,503--
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets-1.8%1,1321,1531,178984955
  Current Assets-3.4%370383401211256
    Cash Equivalents-1.4%21021322151.00104
  Net PPE-1.6%9.009.009.008.009.00
  Goodwill-0.4%52652852957.0031.00
Liabilities2.1%431422437228228
  Current Liabilities8.8%12311312282.0078.00
  Long Term Debt-0.2%299300300120120
    LT Debt, Current0%2.002.001.00--
    LT Debt, Non Current-0.2%290291291119119
Shareholder's Equity-4.1%701731741757727
  Retained Earnings-46.0%-151-104-83.79-57.76-46.31
  Additional Paid-In Capital2.5%856835824814771
Shares Outstanding2.1%86.0084.0084.0084.0082.00
Float-1,260----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations-141.9%-5.9914.0042.0041.0045.00
  Share Based Compensation-8.5%43.0047.0056.0051.0044.00
Cashflow From Investing37.2%-65.30-103-103-128-85.41
Cashflow From Financing-28.1%177246136-35.99-33.76

Risks for PING

What is the probability of a big loss on PING?

84.0%


Probability that Ping Identity Holding stock will be more than 20% underwater in next one year

84.0%


Probability that Ping Identity Holding stock will be more than 30% underwater in next one year.

41.1%


Probability that Ping Identity Holding stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PING drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Ping Identity Holding was unfortunately bought at previous high price.

Drawdowns

Returns for PING

Cumulative Returns on PING

20.8%


3-Year Cumulative Returns

Which funds bought or sold PING recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
sold off
-100
-225,000
-
-%
2023-02-28
Voya Investment Management LLC
sold off
-100
-823,000
-
-%
2023-02-27
Parallax Volatility Advisers, L.P.
sold off
-100
-2,119,000
-
-%
2023-02-24
NATIXIS
sold off
-100
-4,537,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
sold off
-100
-5,000
-
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-34,725,000
-
-%
2023-02-17
TRUIST FINANCIAL CORP
sold off
-100
-306,000
-
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
sold off
-100
-11,889,000
-
-%
2023-02-15
Metropolitan Life Insurance Co/NY
sold off
-100
-131,000
-
-%
2023-02-15
MetLife Investment Management, LLC
sold off
-100
-1,130,000
-
-%

1–10 of 49

Latest Funds Activity

Are funds buying PING calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PING
No. of Funds

Ping Identity Holding News

Business Wire

Global Security Assertion Markup Language (SAML) Authentication ....

Business Wire,
13 days ago

The Wall Street Journal

Seeking Alpha

SiliconANGLE News

Schedule 13G FIlings of Ping Identity Holding

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Oct 19, 2022
vep group, llc
0.00%
0
SC 13G/A
May 25, 2022
senvest management, llc
5.07%
4,325,361
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 09, 2022
vista equity partners fund vi, l.p.
6.17%
5,157,145
SC 13G/A
Feb 04, 2022
blackrock inc.
6.3%
5,288,146
SC 13G
May 20, 2021
sancarin s.l.
6.01%
4,892,392
SC 13G
Feb 10, 2021
vista equity partners fund vi, l.p.
29.4%
23,809,321
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G
Feb 13, 2020
vista equity partners fund vi, l.p.
49.2%
39,205,967
SC 13G

PING Fair Value

Latest Insider Trading transactions for PING

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-18
Verma Vikram
back to issuer
-263,796
28.5
-9,256
-
2022-10-18
DANI RAJ M.
back to issuer
-13,458,100
28.5
-472,214
chief financial officer
2022-10-18
Arora Anil
back to issuer
-188,841
28.5
-6,626
-
2022-10-18
McCormack John Robert
back to issuer
-1,685,290
28.5
-59,133
-
2022-10-18
Spruill Yancey L.
back to issuer
-872,727
28.5
-30,622
-
2022-10-18
Gherson Diane J
back to issuer
-394,298
28.5
-13,835
-
2022-10-18
DURAND ANDRE WONG
back to issuer
-14,318,900
28.5
-502,416
ceo, director
2022-10-18
Martin Paul Edward
back to issuer
-427,472
28.5
-14,999
-
2022-10-18
SHARMA SHALINI
back to issuer
-4,594,630
28.5
-161,215
chief legal officer
2022-10-10
SHARMA SHALINI
sold (taxes)
-81,786
28.29
-2,891
chief legal officer

1–10 of 50

Andre W. Durand
1250
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. The company's platform offers secure single sign-on; multi-factor authentication; access security; directory solution; dynamic authorization; risk management; identity verification; API intelligence; orchestration; and fraud detection. It also provides professional and customer support services. The company sells its solutions through a direct sales force. Its customers include enterprises in Fortune 100, U.S. banks, healthcare companies, aerospace companies, auto manufacturers, and North American retailers. The company was formerly known as Roaring Fork Holding, Inc. and changed its name to Ping Identity Holding Corp. in August 2019. Ping Identity Holding Corp. was incorporated in 2016 and is headquartered in Denver, Colorado.

PING Income Statement

2022-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:  
Total revenue$ 84,691$ 68,944
Cost of revenue:  
Amortization expense8,5165,809
Total cost of revenue28,66320,806
Gross profit56,02848,138
Operating expenses:  
Sales and marketing30,94125,549
Research and development20,46721,702
General and administrative16,23114,455
Depreciation and amortization4,3884,365
Total operating expenses72,02766,071
Loss from operations(15,999)(17,933)
Other expense:  
Interest expense(3,636)(396)
Other expense, net(804)(872)
Total other expense(4,440)(1,268)
Loss before income taxes(20,439)(19,201)
Benefit for income taxes1813,267
Net loss$ (20,258)$ (15,934)
Net loss per share:  
Basic (in dollars per share)$ (0.24)$ (0.20)
Diluted (in dollars per share)$ (0.24)$ (0.20)
Weighted-average shares used in computing net loss per share:  
Basic (in shares)83,82281,339
Diluted (in shares)83,82281,339
Subscription  
Revenue:  
Total revenue$ 80,200$ 64,216
Cost of revenue:  
Cost of revenue (exclusive of amortization shown below)13,3889,414
Professional services and other  
Revenue:  
Total revenue4,4914,728
Cost of revenue:  
Cost of revenue (exclusive of amortization shown below)$ 6,759$ 5,583

PING Balance Sheet

2022-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 213,286$ 220,607
Accounts receivable, net of allowances of $526 and $610 at March 31, 2022 and December 31, 2021, respectively74,26582,969
Contract assets, current (net of allowance)61,46867,540
Deferred commissions, current10,82910,460
Prepaid expenses21,08416,654
Other current assets2,0552,914
Total current assets382,987401,144
Noncurrent assets:  
Property and equipment, net8,9559,396
Goodwill527,933528,548
Intangible assets, net183,289190,077
Contract assets, noncurrent (net of allowance)5,5653,457
Deferred commissions, noncurrent19,41119,380
Deferred income taxes, net3,0896,201
Operating lease right-of-use assets12,93713,709
Other noncurrent assets8,9626,121
Total noncurrent assets770,141776,889
Total assets1,153,1281,178,033
Current liabilities:  
Accounts payable9,6654,528
Accrued expenses and other current liabilities9,82210,305
Accrued compensation16,79629,258
Deferred revenue, current70,44671,957
Operating lease liabilities, current4,3724,330
Current portion of long-term debt (net of issuance costs)1,8821,132
Total current liabilities112,983121,510
Noncurrent liabilities:  
Deferred revenue, noncurrent4,2985,584
Long-term debt (net of issuance costs)290,680291,154
Deferred income taxes, net7774,240
Operating lease liabilities, noncurrent13,07714,140
Total noncurrent liabilities308,832315,118
Total liabilities421,815436,628
Commitments and contingencies (Note 14)
Stockholders' equity:  
Preferred stock; $0.001 par value; 50,000,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued or outstanding at March 31, 2022 or December 31, 2021
Common stock; $0.001 par value; 500,000,000 shares authorized at March 31, 2022 and December 31, 2021; 84,016,147 and 83,754,449 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively8484
Additional paid-in capital835,454824,455
Accumulated other comprehensive income (loss)(181)652
Accumulated deficit(104,044)(83,786)
Total stockholders' equity731,313741,405
Total liabilities and stockholders' equity$ 1,153,128$ 1,178,033