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

Jefferies Financial Group restated their buy rating on shares of Darktrace (LON:DARK) in a research report sent to investors on Friday, Marketbeat reports. They currently have a GBX 890 ($11.26) price objective on the stock.

A number of other analysts also recently issued reports on DARK. Berenberg Bank boosted their price objective 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. Numis Securities restated a buy rating and issued a GBX 520 ($6.58) target price on shares of Darktrace in a research report on Thursday.

Darktrace Stock Performance

LON DARK opened at GBX 459.30 ($5.81) on Friday. 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 company has a market capitalization of £3.22 billion, a P/E ratio of 3,533.08 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). The firm has a 50-day moving average price of GBX 400.01 and a two-hundred day moving average price of GBX 371.89.

Insider Buying and Selling

In other Darktrace news, insider Poppy Gustafsson sold 150,000 shares of the company’s stock in a transaction that occurred on 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). 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.