Darktrace (LON:DARK) Sets New 1-Year High at $505.80

Darktrace plc (LON:DARK) hit a new 52-week high on Wednesday . The stock traded as high as GBX 505.80 ($6.25) and last traded at GBX 500.20 ($6.18), with a volume of 2227747 shares traded. The stock had previously closed at GBX 490 ($6.05).

Analyst Upgrades and Downgrades

DARK has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 890 ($10.99) target price on shares of Darktrace in a research report on Friday, April 12th. Berenberg Bank lifted their price target on Darktrace from GBX 600 ($7.41) to GBX 630 ($7.78) and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 520 ($6.42) price target on shares of Darktrace in a research report on Thursday, April 11th.

Darktrace Stock Performance

The company has a market cap of £4.33 billion, a price-to-earnings ratio of 3,976.92 and a beta of 0.74. The firm has a 50-day simple moving average of GBX 422.94 and a 200 day simple moving average of GBX 377.36. The company has a quick ratio of 1.43, a current ratio of 1.42 and a debt-to-equity ratio of 19.89.

Insiders Place Their Bets

In other Darktrace news, insider Poppy Gustafsson sold 150,000 shares of Darktrace stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 468 ($5.78), for a total transaction of £702,000 ($867,094.86). 50.04% of the stock is currently owned by corporate insiders.

Darktrace Company Profile

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.