Darktrace’s (DARK) Buy Rating Reaffirmed at Jefferies Financial Group

Darktrace (LON:DARK)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 890 ($11.26) target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 93.77% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Numis Securities reissued a “buy” rating and issued a GBX 520 ($6.58) target price on shares of Darktrace in a research note on Thursday. Berenberg Bank upped their price objective 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 Trading Down 0.6 %

LON DARK opened at GBX 459.30 ($5.81) on Friday. Darktrace has a 12 month low of GBX 237.29 ($3.00) and a 12 month high of GBX 501.60 ($6.35). The company has a current ratio of 1.42, a quick ratio of 1.43 and a debt-to-equity ratio of 19.89. The company has a market capitalization of £3.22 billion, a PE ratio of 3,533.08 and a beta of 0.74. The stock has a 50-day simple moving average of GBX 400.01 and a 200 day simple moving average of GBX 372.21.

Insider Buying and Selling

In related news, insider Poppy Gustafsson sold 150,000 shares of the firm’s stock in a transaction on 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). 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.