Darktrace (LON:DARK) Sets New 1-Year High at $505.80

Darktrace plc (LON:DARK) shares reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at GBX 490 ($6.05).

Analyst Ratings Changes

DARK has been the topic of several recent analyst reports. Numis Securities restated a “buy” rating and set a GBX 520 ($6.42) price objective on shares of Darktrace in a report on Thursday, April 11th. Berenberg Bank upped their price objective on shares of Darktrace from GBX 600 ($7.41) to GBX 630 ($7.78) and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 890 ($10.99) price objective on shares of Darktrace in a report on Friday, April 12th.

Darktrace Trading Up 19.5 %

The stock has a 50-day moving average of GBX 422.94 and a 200 day moving average of GBX 377.36. The stock has a market cap of £4.33 billion, a PE ratio of 3,976.92 and a beta of 0.74. The company has a quick ratio of 1.43, a current ratio of 1.42 and a debt-to-equity ratio of 19.89.

Insider Activity at Darktrace

In related news, insider Poppy Gustafsson sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 468 ($5.78), for a total value of £702,000 ($867,094.86). 50.04% of the stock is owned by insiders.

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.