Numis Securities Reiterates Buy Rating for Darktrace (LON:DARK)

Darktrace (LON:DARK)‘s stock had its “buy” rating reaffirmed by Numis Securities in a research note issued on Thursday, Marketbeat.com reports. They presently have a GBX 520 ($6.58) price target on the stock. Numis Securities’ price target would suggest a potential upside of 13.22% from the company’s current price.

Separately, Berenberg Bank increased their price target on shares of Darktrace from GBX 600 ($7.59) to GBX 630 ($7.97) and gave the company a “buy” rating in a report on Thursday.

Darktrace Price Performance

Shares of DARK opened at GBX 459.30 ($5.81) on Thursday. The company’s 50-day moving average is GBX 400.01 and its 200-day moving average is GBX 372.52. The company has a debt-to-equity ratio of 19.89, a current ratio of 1.42 and a quick ratio of 1.43. The firm has a market capitalization of £3.22 billion, a PE ratio of 3,533.08 and a beta of 0.74. Darktrace has a fifty-two week low of GBX 237.29 ($3.00) and a fifty-two week high of GBX 501.60 ($6.35).

Insiders Place Their Bets

In other news, insider Poppy Gustafsson sold 150,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of GBX 468 ($5.92), for a total value of £702,000 ($888,495.13). Company insiders own 50.04% of the company’s stock.

About Darktrace

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, Europe, and internationally. Its products include Darktrace PREVENT, an attack surface management that continuously monitors attack surface for risks, high-impact vulnerabilities, and external threats; and Darktrace DETECT, which analyzes thousands of metrics to reveal subtle deviations that may signal an evolving threat, including unknown techniques and novel malware, as well as installs in minutes, identifies threats, and avoids disruption.