Darktrace (LON:DARK) Sets New 52-Week Low at $288.80

Darktrace plc (LON:DARKGet Rating)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as GBX 288.80 ($3.51) and last traded at GBX 324.40 ($3.94), with a volume of 14530367 shares trading hands. The stock had previously closed at GBX 317.80 ($3.86).

A number of equities research analysts have recently commented on DARK shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,000 ($12.14) price objective on shares of Darktrace in a research note on Wednesday, April 13th. JPMorgan Chase & Co. reduced their price target on shares of Darktrace from GBX 400 ($4.85) to GBX 320 ($3.88) and set an “underweight” rating for the company in a report on Wednesday, May 25th.

The company has a debt-to-equity ratio of 12.37, a current ratio of 1.82 and a quick ratio of 1.75. The firm has a market capitalization of £2.27 billion and a price-to-earnings ratio of -26.37. The business’s fifty day simple moving average is GBX 386.60 and its 200 day simple moving average is GBX 406.66.

In other Darktrace news, insider Poppy Gustafsson acquired 29,496 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were purchased at an average cost of GBX 337 ($4.09) per share, with a total value of £99,401.52 ($120,647.55). Also, insider Gordon M. Hurst acquired 55,000 shares of the company’s stock in a transaction on Friday, May 20th. The stock was acquired at an average cost of GBX 369 ($4.48) per share, for a total transaction of £202,950 ($246,328.44).

About Darktrace (LON:DARK)

Darktrace plc, together with its subsidiaries, engages in the development and sale of cyber-threat defense technology solutions in the United Kingdom, the United States, Canada, Europe, and internationally. Its products include Enterprise Immune System to discover unpredictable cyber-threats; Industrial Immune System to detect novel threats and vulnerabilities, as well as safeguard the integrity and resilience of industrial technologies; and Cyber AI Analyst, an AI investigation technology, which automatically triages, interprets, and reports scope of security incidents.

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