Darktrace (LON:DARK) Given “Buy” Rating at Numis Securities

Numis Securities restated their buy rating on shares of Darktrace (LON:DARK) in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 520 ($6.58) price target on the stock.

Separately, Berenberg Bank boosted their price target on Darktrace from GBX 600 ($7.59) to GBX 630 ($7.97) and gave the company a buy rating in a research note on Thursday.

Darktrace Stock Performance

Shares of DARK stock opened at GBX 466.70 ($5.91) on Thursday. The business’s 50 day simple moving average is GBX 397.66 and its 200 day simple moving average is GBX 372.23. Darktrace has a one year low of GBX 237.29 ($3.00) and a one year high of GBX 501.60 ($6.35). The stock has a market capitalization of £3.27 billion, a PE ratio of 3,606.15 and a beta of 0.74. The company has a debt-to-equity ratio of 19.89, a current ratio of 1.42 and a quick ratio of 1.43.

Insider Transactions at Darktrace

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