Ping Identity (NYSE:PING) Stock Price Up 5.1%

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Shares of Ping Identity Holding Corp (NYSE:PING) rose 5.1% during mid-day trading on Wednesday . The company traded as high as $16.47 and last traded at $16.34, approximately 227,820 shares were traded during trading. A decline of 66% from the average daily volume of 663,476 shares. The stock had previously closed at $15.54.

PING has been the subject of a number of recent analyst reports. Barclays initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They set an “overweight” rating and a $21.00 price target for the company. Mizuho initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They set a “buy” rating and a $25.00 price target for the company. Bank of America initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They set a “buy” rating and a $21.00 price target for the company. Oppenheimer initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They set an “outperform” rating and a $22.00 price target for the company. Finally, Deutsche Bank initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They set a “buy” rating and a $21.00 price target for the company. Twelve research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $22.00.

A hedge fund recently bought a new stake in Ping Identity stock. Envestnet Asset Management Inc. purchased a new stake in shares of Ping Identity Holding Corp (NYSE:PING) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,810 shares of the company’s stock, valued at approximately $531,000.

About Ping Identity (NYSE:PING)

Ping Identity Holding Corp., doing business as Ping Identity Corporation, provides intelligent identity solutions in the United States and internationally. It operates an Intelligent Identity platform, which offers secure access to any service, application, or application programming interface (API) to customers, employees, partners, and the Internet of Things.

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