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DARK Darktrace Plc

518.60
28.60 (5.84%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Darktrace Plc LSE:DARK London Ordinary Share GB00BNYK8G86 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  28.60 5.84% 518.60 4,261,355 16:35:03
Bid Price Offer Price High Price Low Price Open Price
522.00 525.00 524.60 494.40 494.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software USD 545.43M USD 58.96M USD 0.0834 62.66 3.69B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:09:53 O 7,045 510.741 GBX

Darktrace (DARK) Latest News

Darktrace (DARK) Discussions and Chat

Darktrace Forums and Chat

Date Time Title Posts
24/4/202419:31Darktrace - ai Cybersecurity4,082
18/5/202217:24A Dark Cloud hanging over the UK: Who is that?12
19/12/202118:07Sentiment Riles 1

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Darktrace (DARK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:10:03510.747,04535,981.70O
17:09:50509.0538,196194,438.27O
17:07:45501.862,41412,114.90O
17:07:23512.47169,561868,949.26O
16:57:26518.80631.13O

Darktrace (DARK) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Darktrace Daily Update
Darktrace Plc is listed in the Prepackaged Software sector of the London Stock Exchange with ticker DARK. The last closing price for Darktrace was 490p.
Darktrace currently has 706,755,492 shares in issue. The market capitalisation of Darktrace is £3,693,504,201.
Darktrace has a price to earnings ratio (PE ratio) of 62.66.
This morning DARK shares opened at 494.40p
Posted at 11/4/2024 12:11 by someuwin
Analysts at Berenberg raised their target price on software and services firm Darktrace from 600.0p to 630.0p on Thursday after the group's third-quarter results earlier this morning demonstrated a continuation of "strong momentum" seen in Q2.

Berenberg noted that annualised recurring revenues had grown 23.5% year-on-year to $731.1m, with $29.0m of net annual recurring revenues added in the quarter – up 6.2% year-on-year.

"We think that this is particularly significant within the context of negative yoy changes in net ARR added in Q1 (-22%) and Q2 (-4%)," said Berenberg, which has a 'buy' rating on the stock.

The German bank added that the company also upgraded its growth and margin outlook for the third time in three months, leading the analysts to increase its ARR, revenue and adjusted underlying earnings forecasts in response.

"In our view, Darktrace remains poised to outperform, given: a) its ongoing potential to exceed growth and margin expectations; b) that it has sufficient growth and operating leverage to drive a c30% FY23- FY26 CAGR in free cash flow per share; and c) the fact that it warrants a multiple rerating – at 4.4x CY24 EV/sales, it trades at a c60% CY24 EV/sales discount to US peers," said Berenberg.

"Darktrace trades on 4.4x CY24 EV/sales, c60% below our US peer group, despite similar expected sales growth and higher expected margins."
Posted at 25/3/2024 08:35 by apotheki
Agreed donald pond although as you no doubt know my share price target including for a potentially likely TAKE OVER is £10

[I last sold out at just a tad under £10 as the shares hit £10+ back in 2020]

Anyway as you quite rightly state how ever you look at it the shares are currently clearly undervalued!
Posted at 22/3/2024 07:06 by apotheki
Results of Secondary Placing in Darktrace plc ("Darktrace" or the "Company")

Further to the announcement on 21 March 2024, KKR Dark Aggregator L.P. (the "Seller") announces that it has sold approximately 19,400,000 ordinary shares (the "Placing Shares") in the Company at a price of 425 pence per share (the "Placing").

The Placing represents a full exit by the first technology growth fund (NGT I) advised by Kohlberg Kravis Roberts & Co L.P. and its affiliates ("KKR") that first invested in Darktrace in 2016. Settlement of the Placing is expected to take place on 26 March 2024. The second technology growth fund (NGT II) advised by KKR did not participate in the Placing and will continue to hold an approximate 7.3% interest in the Company. The Seller has agreed to a lock-up period of 60 days, subject to customary exceptions, for the remaining shares in Darktrace held by NGT II.

The Company is not a party to the Placing and will not receive any proceeds from the Placing.

Jefferies International Limited ("Jefferies") and Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg") acted as Joint Global Co-ordinators and Joint Bookrunners on the Placing.
Posted at 07/3/2024 14:30 by premium beeks
Clowns praising Apotheki for his Savviness here should remember his first ramping of this company on other boards in 2021, at well over 6 quid.

The Chairman Elect - 10 Aug 2021 - 15:10:49 - 137871 of 186852 Share Ideas: macro & micro. - SHA
DARKTRACE / LSE:DARK - Tuesday 10 August, 2021 / Darktrace PLC / LSE:DARK / TR-1: Notification of major holdings / RNS Number : 2039I / Darktrace PLC / 10 August 2021 /
TR-1: Standard form for notification of major holdings / Summit DT Equity Holdings 3 LP took nearly all of it and now hold nearly 20% of DARK !!!!


For when he throws his arms up aghast at the accusation that this user is him, one username stopped posting on the last day of May 2023 and Apotheki appeared the day after.

Like I say, he's a serial berk. Probably worth looking at some of his other ramps as well - Tiraputi and HEMO two other dogs that he has pushed.

Ciao.
Posted at 14/2/2024 07:33 by halfpenny
STILL IN THE DARK!!!
TOO RISKY ITS A GAMBLE WITHOUT TRANSPARENCY...?

Quintessential Capital Management is SHORT shares of Darktrace Plc (“LSE: Dark”)

QCM Darktrace Report RDTDownload
QCM follow up response to DTDownload
•We targeted Darktrace (“DT”) with a deep investigation into its business model, selling practices, international partnerships, and sales force

•We are skeptical about the validity of DT’s financial statements and fear that sales, margins, and growth rates may be overstated and close to a sharp correction.

•Detected numerous transactions in the period leading to DT’s IPO seemingly involving simulated or anticipated sales to phantom end-users through a network of resellers.

•DT seems to have repeatedly used marketing activities to channel funds back into its partners as payment for apparently fictitious purchases

•These alleged channel stuffing and round-tripping activities may have involved shell companies in offshore jurisdictions manned by individuals with ties to organized crime, money-laundering, and fraud

•We have detected a pattern of transactions suggesting that a portion of Darktrace’s past recurring software sales may instead be one-off sales of hardware appliances

•Accounting anomalies involving deferred revenue suggest possible problems with DT’s revenue recognition, providing a potentially misleading picture about the Company’s cash generation.

•Presence of serious accounting red flags consistent with reality detected in the field

•Multiple executives, board members, line managers not adequately disclosing their involvement with Autonomy and selling shares

•Increasing competition, questionable product value, “front loading” of existing contracts, high churn rates and lack of sustainable cash generation, point to a rapid, possibly sharp, deterioration financials

•Employment, website traffic and search volume metric suggest a sharp slowdown may be underway

We are of the opinion that Darktrace’s financial statements may not be relied upon as the company looks like a sophisticated replica of the Autonomy debacle

Quintessential Capital Management is SHORT shares of Darktrace Plc (“LSE: Dark”)
Posted at 13/2/2024 04:54 by halfpenny
DARKTRACE - STRONG STAY AWAY!!!
Show us the Details!!!

More from City A.M.....

When activist hedge fund Quintessential launched a short attack against London-listed tech darling DARKTRACE in January, the charge sheet was SERIOUS.
Among a lengthy list of MISDEMEANOURS, DARKTRACE, Quintessential said, had seemingly “SIMULATED or anticipated SALES to PHANTOM end users”, repeatedly used marketing activities to “channel funds back into its partners” and may have used “SHELL COMPANIES in offshore jurisdictions manned by individuals with ties to organised CRIME, MONEY-LAUNDERING and FRAUD”.

It should however be noted DARKTRACE has REFUSED to publish the report in full, and Quintessential has called on the firm to “fully unveil the details of the EY review” and facilitate an “open dialogue on its findings.
“Given the SEVERITY of our allegations, we believe this situation warrants a significantly higher level of transparency, which DARKTRACE has yet to provide.”

TOO RISKY..Smoke and Mirrors!!
NO TRANSPARENCY!!

DARK DAYS AHEAD...!! Now 150-175p Target!!
Posted at 24/1/2024 17:02 by stevenlondon3
Looking at the share price performance of Darktrace, Palo Alto and Crowdstrike over the last twelve months, all three had similar performance up to September. Since then Darktrace has stagnated but the other two have stormed ahead.
Posted at 22/12/2023 10:10 by emdek
Email recd from the company yesterday:Thank you for your support of Darktrace. You are right there is no company news out that would lead to such a volatile share price move. A couple observationsOn Tuesday evening Darktrace announced that our CTO sold 0.5m shares of Darktrace, the news can be found here https://ir.darktrace.com/regulatory-news/2023/12/19/1743506. But worth noting that on Wednesday (the following day!) the stock was actually up. So it would be unusual for a delayed reaction to that news to hit on ThursdayI heard from a bank this morning that someone (not a company person, so has to be investor) tried to sell 1 million shares in the opening auction (before market opens) and in the run up to xmas when volumes are low that will always have a negative impact on the shares. Bottom line – you are right there is no fundamental news from the co to drive this share price move. As everyone knows, Darktrace will next deliver a trading update in mid January. BestLuk
Posted at 08/3/2023 16:56 by clive7878
Share price is very volatile at present, not breaking out above 275, after a continued drift since the dizzy heights of nearly £10.
When the company confirms the growth potential of 30% actually happens,
the share price could very well see the Berenberg reiterated price of 600,
and it could even then fly - but for the time being it may well stagnate .

when one reads simply wall it does has good prospects,
and I am in for the potential re-rating at some stage.
I was surprised today that the share price did not response though.

Rewards
Trading at 65.2% below our estimate of its fair value - (as per Berenberg)
Earnings are forecast to grow 81.2% per year - (maybe a bit optimistic)

Risk analysis
Volatile share price over the past 3 months - (one could say over the last 2 years)
Shareholders have been diluted in the past year - (Not so good)
Posted at 01/2/2023 15:15 by bbmsionlypostafter mk2
Wednesday, February 1, 2023
Re: Follow up questions concerning Darktrace

Darktrace has issued a lame “non-response” to our 70-page report issued yesterday. We note that in its recent RNS, management has not denied any of our allegations, limiting themselves to express “full confidence” in their own accounting practices. In our book, confidence is reserved for the Divine Providence, and we invite DT’s investors to instead follow Ronald Reagan’s advice: “trust, but verify”.
Or rather, given Darktrace’s association with Autonomy, “don’t trust and verify”.

Given the gravity of what we allege, Darktrace should provide quick, concise, and factual answers as a duty to its investors and to the market. Should the substance of the allegations be confirmed correct, we expect Darktrace’s executives to admit their responsibility and resign at once.

None of our concerns have been addressed, so we have compiled a list of follow up questions for the company:

1) What is the nature of Darktrace’s relationship with Strategic Bridge Monaco and why did Strategic Bridge present its partnership with Darktrace sponsoring a motorcycle team whose CEO had just been arrested for fake invoicing and money laundering for the Italian mafia?

2) Why are there as many as four companies named “Strategic Bridge” in different countries all claiming to be resellers of Darktrace? Why do these companies have similar beneficial owners, websites and show few signs of obvious operations?

3) What is the relationship between Darktrace, I-quasar and Strategic bridge? Have any circular transactions been taking place between these entities?

4) Which clients bought Darktrace’s product through Strategic Bridge, I-Quasar, and Strategic Risk Consulting?

5) Why does a former director of Strategic Bridge and current director of I-Quasar figure in a criminal investigation concerning a $2bn VAT dodging fraud?

6) Has Darktrace sold anything to suspected shell company Alfatrade & Services? Why does this company have seemingly no employees, website traffic or an office but has a turnover of $31m?

7) Has Darktrace sold its products to Bolton Group via HWG? Has that revenue been booked? Why does Bolton’s Group IT manager claim that no sale took place?

8) Has Darktrace sold its system to the Verona airport through its partner Eurosystem? Has the Airport ever paid for such purchase? Why did Eurosystem hold three cyber events sponsored by Darktrace shortly after that “sale”? Why were the related webpages deleted? How much did Darktrace pay for such sponsorship?

9) What was the amount of Darktrace’s sale to Bonfiglioli through its partner Yarix/VAR? Was there a price gap between the price paid by the end user and the one paid the partner? Was the event in Rimini hosted by Yarix/VAR sponsored by Darktrace for a comparable amount of the price gap?

10) Has Darktrace booked a sale to Maserati (a renewal) in July 2020? Has Maserati renewed the sale? Was such sale ever charged back?

11) What is the nature of Darktrace’s relationship with Multicomputos? Which clients have purchased Darktrace’s product through such Central American partner? Why did Darktrace sponsor a marketing event organized by this partner? What was the amount of the sponsorship? Was the amount comparable to the amount of the purchases made by Multicomputos?

12) Please provide a table comparing the amounts purchased and the end user identities for the purchases made by the following partners:
a. PC System srl
b. Project Informatica
c. Alkimia Consultores
d. Newtech (Malta)
e. Omnitech IT
f. Eurosystem
g. Strategic Risk Consulting (RHO), Strategic Bridge (Pavia), Strategic Bridge (Lugano),
Strategic Bridge (Monaco)
h. Infinite Insight, Nap IT Solutions, Calibra, Inquest, TBSEK, Proctiv, AVB Group,
Hanzolo, Ipway Networks, ALASCOM SRL, Quantum Security Solutions, GlobalSequr,
NetSpec, Kilele, Ifinet Srl, HadronBit, Perfitcom, Bolton Technologies

13) What is the nature of Darktrace’s relationship with the Innovation Group?

14) Why has deferred revenue (long term) dropped from 33% to 8% of sales in five years? Which procedures are in place to make sure that deferred revenue is not booked as actual revenue?

15) Has Darktrace sold a sizeable portion of its product up to 2020 as “capex” rather than “opex” as stated in the annual reports?

16) Why have we found multiple instances of contracts online clearly pointing to Capex sales?

17) What is meant by the mixed “capex/opex” contracts that partners routinely offer to their clients? Is the same hardware appliance depreciated simultaneously by both DT and the end users?

18) How many “immaterial” instances of “missing end users” were found by DT’s auditors? Which partners were involved?

19)How much revenue does Darktrace generates from Malta, Cyprus and Monaco (relatively small markets)?

20) What % of DT’s marketing budget is used to sponsor partners’ events?

21) Is the huge % of SG&A expenses (mostly marketing) explained by the fact that DT frequently rewards its partners through sponsorships and participation to marketing events as an incentive to engage in anticipated sales and ‘backfilling”?

22) Why is there an apparent 15% gap between the 5% commission salespeople claim to receive [source: Glassdoor] and the 20% that we estimated appeared on the 2021 financial statements?

23) According to DT’s statements, Darktrace was paying Invoke Capital over $4m for
“management support services”. Please clarify in detail the nature of the services provided by Invoke Capital to Darktrace. Were Mike Lynch and Sushovan Hussain remotely running the company?

24) How come most of the executives we profiled in our report did not disclose their prior affiliation with Autonomy Plc in their biography appearing on DT’s website?

25) How come was Mr. Corrado Broli hired at Darktrace with the same position he held at Autonomy despite the allegations that emerged during the Autonomy lawsuit?

26) Why has the quality of account receivables been rapidly deteriorating in the last couple of years reaching as much as 12% of sales (including bad debt and credit loss provisions)?

27) Why have many executives and directors been selling stock aggressively in the recent months?

Sincerely

QCM Team
Darktrace share price data is direct from the London Stock Exchange

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