Darktrace (LON:DARK) Reaches New 52-Week High at $505.80

Darktrace plc (LON:DARK)’s share price hit a new 52-week high during trading 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 trading hands. The stock had previously closed at GBX 490 ($6.05).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DARK shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 890 ($10.99) price target on shares of Darktrace in a research note on Friday, April 12th. Numis Securities restated a “buy” rating and set a GBX 520 ($6.42) target price on shares of Darktrace in a research report on Thursday, April 11th. Finally, Berenberg Bank raised their target price on shares of 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.

Darktrace Trading Up 2.9 %

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 £3.53 billion, a PE ratio of 3,769.23 and a beta of 0.74. The business’s 50-day moving average price is GBX 416.05 and its 200-day moving average price is GBX 375.38.

Insider Transactions at Darktrace

In other news, insider Poppy Gustafsson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of GBX 468 ($5.78), for a total transaction of £702,000 ($867,094.86). 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.