Published on 15 Jun 2022 on Insider Monkey via Yahoo Finance

Here’s Why You Should Consider Investing in Ping Identity Holding (PING)

Baron Funds, an asset management firm, published its “Baron Discovery Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. In what turned out to be a challenging first quarter, Baron Discovery Fund (the “Fund”) decreased 16.30% (Institutional Shares), which was 3.67% below the Russell 2000 Growth Index (the “Benchmark”). Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Baron Discovery Fund mentioned Ping Identity Holding Corp. (NYSE:PING) and explained its insights for the company. Founded in 2016, Ping Identity Holding Corp. (NYSE:PING) is a Denver, Colorado-based software company with a $1.4 billion market capitalization. Ping Identity Holding Corp. (NYSE:PING) delivered a -27.32% return since the beginning of the year, while its 12-month returns are down by -26.45%. The stock closed at $16.63 per share on June 14, 2022.

Here is what Baron Discovery Fund has to say about Ping Identity Holding Corp. (NYSE:PING) in its Q1 2022 investor letter: