Ping: A Potential Alternative Investment To Okta

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About: Ping Identity Holding Corp. (PING), Includes: OKTA
by: Bert Hochfeld
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Bert Hochfeld
Long/short equity, Growth, event-driven, research analyst
Summary

Ping, a recent IPO, reported a strong quarter recently far exceeding expectations for profitability, cash flow, revenues, and ACV increase.

The company offers customers alternative solutions in the Identity Management space to Okta and the other stack vendors.

The company has specialized in providing identity management solutions for users/customers as opposed to employees and partners.

The company has a definite enterprise focus and that has been a factor in the escalation of revenue growth percentages.

The company, as opposed to Okta, offers solutions for those users with hybrid-cloud architecture and that has resulted in some large competitive wins in recent quarters.

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Reviewing some of the financials of this new IPO

Okta (OKTA) is one of the poster