Darktrace (LON:DARK) Stock Rating Reaffirmed by Numis Securities

Numis Securities reissued their buy rating on shares of Darktrace (LON:DARK) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 520 ($6.58) target price on the stock.

Separately, Berenberg Bank upped 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 Stock Up 1.0 %

Shares of LON:DARK opened at GBX 466.70 ($5.91) on Thursday. The company has a market capitalization of £3.27 billion, a PE ratio of 3,606.15 and a beta of 0.74. Darktrace has a 52 week low of GBX 237.29 ($3.00) and a 52 week high of GBX 501.60 ($6.35). The company has a debt-to-equity ratio of 19.89, a quick ratio of 1.43 and a current ratio of 1.42. The company has a 50 day moving average price of GBX 397.66 and a two-hundred day moving average price of GBX 372.23.

Insiders Place Their Bets

In other news, insider Poppy Gustafsson sold 150,000 shares of the 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). Insiders own 50.04% of the company’s stock.

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.