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Is It Too Late to Buy Ping Identity Holding Corp. (PING) Stock?


Is It Too Late to Buy Ping Identity Holding Corp. (PING) Stock?
Baron Discovery Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Discovery Fund returned 7.5% (institutional shares). This was 2.59% higher than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Ping Identity Holding Corp. (NYSE:PING) is one of them. Ping Identity Holding Corp. (NYSE:PING) is a software company. In the last three months, Ping Identity Holding Corp. (NYSE:PING) stock lost 37% and on May 14th it had a closing price of $23.67. Here is what the fund said: ....

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Ping Identity stock drops 11% after quarterly sales miss


Ping Identity stock drops 11% after quarterly sales miss
Shares of Ping Identity Holding Corp. fell nearly 11% in the extended session Wednesday after the software company missed fourth-quarter sales expectations. Ping said it lost $3.4 million, or 4 cents a share, in the quarter, contrasting with earnings of $2.2 million, or 3 cents a share, in the year-ago quarter. Adjusted for one-time items, Ping earned 9 cents a share, compared with 14 cents a share a year ago. Sales fell to $63.3 million, from $68.2 million a year ago. Analysts polled by FactSet had expected Ping to report adjusted earnings of 9 cents a share on sales of $68.9 million. The company guided for first-quarter revenue between $61.5 million and $63.5 million, and it also reinstated its outlook, calling for 2021 revenue between $255 million and $265 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. ....

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