Sarasin & Partners LLP decreased its position in shares of Ping Identity Holding Corp. (NYSE:PING) by 51.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,623 shares of the company’s stock after selling 93,331 shares during the period. Sarasin & Partners LLP owned 0.11% of Ping Identity worth $2,766,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Swiss National Bank raised its holdings in shares of Ping Identity by 52.1% in the third quarter. Swiss National Bank now owns 81,400 shares of the company’s stock worth $2,540,000 after buying an additional 27,900 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Ping Identity during the third quarter worth $2,021,000. BlackRock Inc. raised its holdings in shares of Ping Identity by 45.6% during the third quarter. BlackRock Inc. now owns 2,650,491 shares of the company’s stock worth $82,720,000 after purchasing an additional 830,623 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Ping Identity during the third quarter worth $227,000. Finally, Blair William & Co. IL raised its holdings in shares of Ping Identity by 8.4% during the third quarter. Blair William & Co. IL now owns 167,141 shares of the company’s stock worth $5,216,000 after purchasing an additional 12,898 shares during the last quarter. 97.76% of the stock is owned by institutional investors.
Shares of NYSE:PING traded down $0.07 during midday trading on Tuesday, hitting $21.00. The company’s stock had a trading volume of 4,266 shares, compared to its average volume of 1,032,882. The business’s 50 day simple moving average is $29.92 and its 200 day simple moving average is $30.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.92 and a current ratio of 4.92. The company has a market cap of $1.71 billion and a P/E ratio of -300.96. Ping Identity Holding Corp. has a 12-month low of $12.02 and a 12-month high of $37.80.
Ping Identity (NYSE:PING) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.09. The firm had revenue of $59.94 million for the quarter, compared to the consensus estimate of $55.88 million. Ping Identity had a negative net margin of 2.18% and a positive return on equity of 3.17%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. On average, sell-side analysts predict that Ping Identity Holding Corp. will post -0.08 earnings per share for the current fiscal year.
In other Ping Identity news, CFO Raj M. Dani sold 98,000 shares of Ping Identity stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $33.83, for a total transaction of $3,315,340.00. Following the transaction, the chief financial officer now directly owns 211,799 shares of the company’s stock, valued at $7,165,160.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andre Wong Durand sold 50,000 shares of Ping Identity stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $31.61, for a total transaction of $1,580,500.00. Following the transaction, the chief executive officer now directly owns 447,080 shares in the company, valued at $14,132,198.80. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Several research analysts recently issued reports on PING shares. Colliers Securities raised shares of Ping Identity from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, August 13th. Wells Fargo & Company reduced their target price on shares of Ping Identity from $40.00 to $35.00 in a report on Thursday, November 5th. Bank of America reduced their target price on shares of Ping Identity from $36.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Colliers Secur. upgraded shares of Ping Identity from a “neutral” rating to a “buy” rating in a research report on Thursday, August 13th. Finally, Barclays dropped their price target on shares of Ping Identity from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.47.
Ping Identity Company Profile
Ping Identity Holding Corp., doing business as Ping Identity Corporation, provides intelligent identity solutions for the enterprise in the United States and internationally. Its Ping Intelligent Identity platform provides customers, workforce, and partners with access to cloud, mobile, Software-as-a-Service, and on-premise applications.
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