Berenberg Bank Increases Darktrace (LON:DARK) Price Target to GBX 630

Darktrace (LON:DARK) had its price target increased by Berenberg Bank from GBX 600 ($7.59) to GBX 630 ($7.97) in a research report sent to investors on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Darktrace Price Performance

Shares of DARK stock opened at GBX 466.70 ($5.91) on Thursday. The stock has a 50-day moving average price of GBX 397.66 and a 200 day moving average price of GBX 372.23. The company has a quick ratio of 1.43, a current ratio of 1.42 and a debt-to-equity ratio of 19.89. The firm has a market cap of £3.27 billion, a price-to-earnings ratio of 3,606.15 and a beta of 0.74. Darktrace has a 12 month low of GBX 237.29 ($3.00) and a 12 month high of GBX 501.60 ($6.35).

Insider Transactions at Darktrace

In other news, insider Poppy Gustafsson sold 150,000 shares of the business’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 transaction of £702,000 ($888,495.13). Corporate 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.