Ping Identity Holding Corp. Stock Research

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.1T	204.1B	10.44%	-6.15%	30.81	10.18	10.38%	-5.25%
ORCL	239.2B	46.1B	2.98%	11.92%	27.2	5.19	11.29%	-14.28%
CRM	186.1B	31.4B	15.51%	-11.57%	894.86	5.94	19.41%	-85.60%
ADBE	170.8B	17.6B	6.63%	-12.58%	35.91	9.7	11.54%	-1.37%
ZM	20.5B	4.4B	-4.43%	-40.71%	197.36	4.66	7.15%	-92.46%
AZPN	12.1B	-	-3.12%	35.96%	44.35	17.39	-	-
MID-CAP
PLAN	9.6B	631.5M	-1.97%	16.85%	-45.68	15.19	33.30%	-26.60%
MANH	9.1B	767.1M	2.62%	4.53%	70.79	11.9	15.59%	16.73%
GWRE	6.5B	869.9M	8.75%	-16.49%	-32.62	7.44	13.87%	-103.37%
APPN	3.0B	468.0M	-4.10%	-34.77%	-19.64	6.33	26.74%	-70.26%
PING	2.4B	308.3M	1.17%	7.67%	-23.16	7.93	13.75%	-237.98%
SMALL-CAP
ZUO	1.3B	383.7M	10.09%	-37.89%	-10.04	3.28	14.43%	-50.89%
YEXT	1.2B	399.9M	31.65%	32.02%	-14.2	2.89	4.73%	8.15%
UPLD	138.6M	317.3M	-49.53%	-75.27%	-2.03	0.44	5.06%	-17.52%

Financials for Ping Identity Holding

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Revenue	-2.2%	308,319	315,196	299,449	287,287	271,044
Gross Profit	-6.7%	198,173	212,457	204,567	201,129	192,026
Operating Expenses	4.0%	301,030	289,548	283,592	263,340	241,111
S&GA Expenses	6.2%	130,481	122,851	117,459	109,815	100,600
R&D Expenses	4.4%	80,671	77,277	78,512	71,955	65,703
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 Expenses	57.2%	9,823	6,250	3,010	1,794	1,909
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%	-10,671	10,276	37,503	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Assets	-1.8%	1,132	1,153	1,178	984	955
Current Assets	-3.4%	370	383	401	211	256
Cash Equivalents	-1.4%	210	213	221	51.00	104
Net PPE	-1.6%	9.00	9.00	9.00	8.00	9.00
Goodwill	-0.4%	526	528	529	57.00	31.00
Liabilities	2.1%	431	422	437	228	228
Current Liabilities	8.8%	123	113	122	82.00	78.00
Long Term Debt	-0.2%	299	300	300	120	120
LT Debt, Current	0%	2.00	2.00	1.00	-	-
LT Debt, Non Current	-0.2%	290	291	291	119	119
Shareholder's Equity	-4.1%	701	731	741	757	727
Retained Earnings	-46.0%	-151	-104	-83.79	-57.76	-46.31
Additional Paid-In Capital	2.5%	856	835	824	814	771
Shares Outstanding	2.1%	86.00	84.00	84.00	84.00	82.00
Float	-	1,260	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	-141.9%	-5.99	14.00	42.00	41.00	45.00
Share Based Compensation	-8.5%	43.00	47.00	56.00	51.00	44.00
Cashflow From Investing	37.2%	-65.30	-103	-103	-128	-85.41
Cashflow From Financing	-28.1%	177	246	136	-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 ascending	Fund Name	Type	% 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	-	-%

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

Schedule 13G FIlings of Ping Identity Holding

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About Ping Identity Holding

Andre W. Durand

www.pingidentity.com

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 expense	8,516	5,809
Total cost of revenue	28,663	20,806
Gross profit	56,028	48,138
Operating expenses:
Sales and marketing	30,941	25,549
Research and development	20,467	21,702
General and administrative	16,231	14,455
Depreciation and amortization	4,388	4,365
Total operating expenses	72,027	66,071
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 taxes	181	3,267
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)	83,822	81,339
Diluted (in shares)	83,822	81,339
Subscription
Revenue:
Total revenue	$ 80,200	$ 64,216
Cost of revenue:
Cost of revenue (exclusive of amortization shown below)	13,388	9,414
Professional services and other
Revenue:
Total revenue	4,491	4,728
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, respectively	74,265	82,969
Contract assets, current (net of allowance)	61,468	67,540
Deferred commissions, current	10,829	10,460
Prepaid expenses	21,084	16,654
Other current assets	2,055	2,914
Total current assets	382,987	401,144
Noncurrent assets:
Property and equipment, net	8,955	9,396
Goodwill	527,933	528,548
Intangible assets, net	183,289	190,077
Contract assets, noncurrent (net of allowance)	5,565	3,457
Deferred commissions, noncurrent	19,411	19,380
Deferred income taxes, net	3,089	6,201
Operating lease right-of-use assets	12,937	13,709
Other noncurrent assets	8,962	6,121
Total noncurrent assets	770,141	776,889
Total assets	1,153,128	1,178,033
Current liabilities:
Accounts payable	9,665	4,528
Accrued expenses and other current liabilities	9,822	10,305
Accrued compensation	16,796	29,258
Deferred revenue, current	70,446	71,957
Operating lease liabilities, current	4,372	4,330
Current portion of long-term debt (net of issuance costs)	1,882	1,132
Total current liabilities	112,983	121,510
Noncurrent liabilities:
Deferred revenue, noncurrent	4,298	5,584
Long-term debt (net of issuance costs)	290,680	291,154
Deferred income taxes, net	777	4,240
Operating lease liabilities, noncurrent	13,077	14,140
Total noncurrent liabilities	308,832	315,118
Total liabilities	421,815	436,628
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, respectively	84	84
Additional paid-in capital	835,454	824,455
Accumulated other comprehensive income (loss)	(181)	652
Accumulated deficit	(104,044)	(83,786)
Total stockholders' equity	731,313	741,405
Total liabilities and stockholders' equity	$ 1,153,128	$ 1,178,033