Darktrace Share Price (DARK)

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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
  14.90 4.65% 335.30 2,360,799 16:35:08
Bid Price Offer Price High Price Low Price Open Price
333.60 335.80 339.30 318.40 319.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 203.41 -106.73 -20.97 2,345
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:53 O 4,394 335.334 GBX
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Darktrace (DARK) Latest News

Darktrace News

Date Time Source Headline
16/6/202209:42UKREGDarktrace PLC TR-1: Notification of major holdings
31/5/202216:40UKREGDarktrace PLC Total Voting Rights
30/5/202215:40UKREGDarktrace PLC TR-1: Notification of major holdings
20/5/202214:08ALNCDIRECTOR DEALINGS: Darktrace executive team buys shares after sell-off
20/5/202213:11UKREGDarktrace PLC Director/PDMR Shareholding
19/5/202215:31UKREGDarktrace PLC Director/PDMR Shareholding
19/5/202208:59ALNCDarktrace CEO buys shares as firm notes Autonomy civil proceedings
19/5/202207:02UKREGDarktrace PLC Director/PDMR Shareholding
18/5/202217:07ALNCPRESS: Judge says Darktrace executive part of Autonomy fraud "clique"
05/5/202212:07UKREGDarktrace PLC Director/PDMR Shareholding
More Darktrace News
Darktrace Investors    Darktrace Takeover Rumours
Smart Money!
DARK is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 EUROPEAN OPPORTUNITIES TRUST PLC 2.60% 2021-10-31
 EUROPEAN OPPORTUNITIES TRUST PLC 1.60% 2022-05-31

Darktrace (DARK) Discussions and Chat

Darktrace Forums and Chat

Date Time Title Posts
17/6/202212:58Darktrace - ai Cybersecurity2,415
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
2022-06-24 16:51:54335.334,39414,734.58O
2022-06-24 16:51:30330.318602,840.63O
2022-06-24 16:46:10335.307,71825,878.45O
2022-06-24 16:43:55335.473,85312,925.77O
2022-06-24 16:43:35323.06172555.67O
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Darktrace (DARK) Top Chat Posts

DateSubject
25/6/2022
09:20		Darktrace Daily Update: Darktrace Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker DARK. The last closing price for Darktrace was 320.40p.
Darktrace Plc has a 4 week average price of 288.80p and a 12 week average price of 288.80p.
The 1 year high share price is 1,003p while the 1 year low share price is currently 288.80p.
There are currently 699,443,570 shares in issue and the average daily traded volume is 5,308,921 shares. The market capitalisation of Darktrace Plc is £2,345,234,290.21.
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19/5/2022
21:47		albert arthur: #DARK I'm not a chartist, I coded charts in python... look at the bounce in #DARK @Darktrace in Feb, bounced from here over £5, should hit the EMA8 tomorrow at least £3.80p now the speculation is cleared, also the intraday CTO buys reassuring, total market bounce imminent IMO.My hand coded charts here:https://twitter.com/albert__arthur/status/1527390169422123020?s=21&t=_-3CMsFP54omFxzNKTRuiQ
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19/5/2022
07:47		the chairman elect: Darktrace notes the recent share price movement and also media speculation about the company in relation to the civil proceedings in connection with the sale of Autonomy. Neither Darktrace nor any of its acting executives was a party to the civil proceedings. Neither Darktrace nor its acting executives are the target of any investigation. We see no link between Darktrace and the civil action against Dr Mike Lynch by Hewlett Packard or its subsidiaries. There has been no change to the prospects or trading of the business since our last update.
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04/5/2022
08:19		grupo guitarlumber: Darktrace's Management, Staff to Sell 6.1 Million Shares 04/27/2022 | 04:11am BST (MT Newswires) -- Darktrace's (DARK.L) management and employees will sell about 6.1 million shares in the company through a placing to institutional investors. The British information technology company said Tuesday it will not receive any proceeds from the placing. Jefferies International and Jefferies GmbH are the global coordinators for the placing. Shares in the company gained slightly on Tuesday's close. Price (GBP): £416.50, Change: £+0.50, Percent Change: +0.12%
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03/3/2022
08:15		the chairman elect: Darktrace plc (DARK.L) Darktrace is increasing its expectations for FY 2022 from those presented in its 1H FY 2022 trading update on 11 January 2022. The Group now expects a year-over-year increase in constant currency ARR of between 38.5% and 40% (previously 37% to 38.5%), implying a year-over-year increase in net constant currency ARR added of between 24% and 29% (previously 19% to 24%). Driven in part by these increased ARR expectations, the Group now expects year-over-year revenue growth of between 44.5% and 46.5% (previously 42% to 44%). This increase is also partly driven by lower than previously predicted forecasts for foreign exchange headwinds, which accelerates the conversion of constant currency ARR to US dollar denominated revenue. Following the recent acquisition of Cybersprint B.V., Darktrace has incorporated the expected impact of this transaction into its guidance. Given the size of the acquired company and timing of the acquisition, the business combination has no material impact on the Group's FY 2022 revenue expectations. However, approximately 1 percentage point of the increase in expected year-over-year ARR growth, and approximately 3.5 percentage points of the increase in expected net ARR added, are related to the acquisition of Cybersprint. The expected dollar value of the organic Net ARR to be added in 2H FY 2022 should be distributed according to the Group's normal quarterly seasonality patterns, including typically softer third-quarter sales within the second half of the financial year. The Group continues to balance strong sales momentum trends with potential temporary sales productivity impacts that may occur as it evolves ways to expand and optimise its salesforce structure. These efforts, which are intended to support anticipated growth and continued scaling of its business, began in the second quarter of FY 2022 and are expected to continue through 2H FY 2022. Additionally, the Group continues to forecast an impact from having a salesforce with lower average tenure as it works to recover from pandemic-related salesforce hiring delays. Consistent with prior expectations, Darktrace continues to forecast that, relative to 1H FY 2022, the Group's cost structure will increase as a percent of revenue in 2H FY 2022. This increase is largely due to the extrapolation of trends being seen related to the return of travel and entertainment expense. The Group is also incorporating into its expectations, the impact of recent and ongoing hiring, increases in facilities costs as employees return to the office and, in key locations, the Group moving to larger premises. While the return of these costs may temporarily flatten margin growth in the short to intermediate term, scale efficiencies continue to support expected long-term steady state margins. Furthermore, Darktrace continues to expect higher-than-typical share-based payment and associated employer tax charges resulting from making the transition to listed company equity compensation plan structures, expected to continue through FY 2023. Incorporating its first half results and plans for the remainder of the year, Darktrace now expects an adjusted EBITDA margin for the year of between 10% and 12% (previously 3% to 6%). Given the size of Cybersprint, and timing of the acquisition, the business combination should not have a material impact on the Group's FY 2022 adjusted EBITDA expectations.
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23/2/2022
11:04		bartyb: Darktrace turns screw on cyber spies with $53.7m swoop and $multimillion haul Darktrace CEO Poppy Gustafsson Cambridge cyber security tech world leader Darktrace is enhancing its defence armoury for global clients through a key strategic acquisition – unveiled just days after securing a third blockbusting contract. The UK stock rose 15.6p – almost 4.5 per cent – to 359.4p per share when the markets opened this morning on news that Darktrace was paying $53.7 million in cash and equity for Dutch company Cybersprint. Cybersprint is an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks. The acquisition is aligned with Darktrace’s vision of delivering a ‘Continuous Cyber AI Loop’ and complements its self-learning technology and inside-out view. Darktrace gains an additional European R & D centre based in The Hague when the deal completes on or around March 1. It will be settled via 75 per cent in cash and 25 per cent equity, valuing the transaction at approximately 12.5 times Cybersprint’s annual recurring revenue. Cybersprint’s attack surface management data can enrich existing Darktrace Detect and Respond products with external vulnerability data and accelerate the company’s market entry into new areas like proactive AI cyber security. For example, this capability will be introduced as a new module in the Prevent product family, feeding organisation-specific web data to Darktrace’s Attack Path Modeling technology. Darktrace CEO Poppy Gustafsson said she was “very excited” by the potential of the tie-up. She said: “Bringing inside-out and outside-in visibility together is critical and having access to the robust, rich, real-time external dataset combined with Darktrace’s Self-Learning AI means that customers get a holistic view of prioritised cyber risks to harden the parts of their organisation that are most vulnerable. “With this acquisition we are able to leverage Cybersprint’s seven years of R & D to accelerate our Prevent product family – ultimately making it much harder for cyber-attackers to carry out successful missions.” The acquisition comes hot on the heels of a fresh contract success for Darktrace which has clinched a multi-million-dollar contract with one of the world’s largest semiconductor companies. The client has been using Darktrace’s Self Learning AI to protect its enterprise from cyber-attacks and threats. The customer has tens of thousands of employees working across labs and manufacturing sites worldwide. It has chosen to continue using Darktrace’s Enterprise Immune System as the semiconductor industry, which has a strong focus on R & D and holds large volumes of commercially sensitive data, faces a growing level of attacks from both insider-threat and espionage-driven adversaries seeking to steal valuable IP and proprietary solutions. Self-Learning AI is ideally positioned to address these challenges as it does not rely on historical attack data but learns ‘self’ for an organisation. It constantly builds on its understanding of ‘normal’, meaning it is equipped to spot and stop never-before-seen attacks, whether they are insider threats or advanced, nation-state-led attempts to compromise data. The sheer volume of attacks today cannot be managed by humans alone – AI is needed to rapidly and precisely catch threats before they escalate. This renewal follows the publication of an independent survey of businesses that have trialled, used or currently use Darktrace’s products, conducted by the equity research team at investment bank Berenberg. The survey found not only that 100 per cent of customers surveyed were satisfied with Darktrace’s products, but that 65 per cent expected to invest further in the Cambridge specialist’s technology in the future. Gustafsson said: “I am very happy that this leading innovator has extended its contract with us, indicating the value that our AI-powered technology brings to the business. “Defending the semiconductor industry is critical for our national security, especially at a time when the sector is facing supply shortages. We are proud to be playing a role in the defence of this space with Self-Learning AI, which intelligently detects and interrupts threats while business operations continue as normal.” As Business Weekly previously reported, Darktrace has also recently won two other mega contracts – one a multimillion dollar deal with a world leader in aviation and the other a $1m contract with a global electronics business.
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12/1/2022
14:05		the chairman elect: From the Daily Telegraph.... The FTSE 250 company said it expected half-year revenues to be at least $190m (£140m), an increase of at least 50pc. Sales were partly improved by the dollar weakening in recent months. The update prompted Peel Hunt, whose downbeat analyst note had sent shares crashing in October, to upgrade its recommendation, advising clients to “hold” rather than “sell” Darktrace shares. “Given the share price has now approached our target price, we pause for breath and move from Sell to Hold,” the broker said. Peel Hunt had previously said that Darktrace’s marketing was not matched by reality. Analysts at Berenberg said Darktrace shares “have clearly been caught in a web of misinformation, which we think today’s update will serve to break”.
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11/1/2022
14:00		fuji99: I am a strong believer that DARK is using very sophisticated specific tools difficult to replicate to create something that hackers and cyber criminals cannot understand or catch up. Organisations and companies are starting to understand the sophistication of threats and the cost of cyber blackmail. The proof is in the jump in the number of customers to more than 6500 from 5500 in just 6 months. How much companies secretly pay behind the scene to criminals when they are held for ransom ? How this compares to signing for DARK protection ? Peanuts. The disruptive nature of DARK business which is changing the way cyber security is handled in the future is shown through the advances made via new products such as "Prevent". As customer base is growing, I am afraid DARK may be taken over by a bigger fish in order to use its huge customer list for cross selling its own products in addition to DARK's. A win/win situation. I only hope this will happen when the share price is already over £20.
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21/11/2021
08:57		timmy11: Observer business agenda Technology sector Darktrace boss in bid to counter City’s dim view of track record The Cambridge tech firm’s revenues are surging ahead, but not everyone is convinced it merits its FTSE 100 listing Darktrace’s name on the rear of a F1 car at the 2021 Dutch Grand Prix. Among Darktrace’s marketing coups is a deal with the F1 McLaren team. Photograph: Antonin Vincent/Rex Nils Pratley Nils Pratley Sun 21 Nov 2021 00.05 GMT Darktrace, the cybersecurity specialist, is not a company that lives in the shadows. Its logo has a prominent place on the rear wings of McLaren F1 racing cars, thanks to a sponsorship deal that will not be cheap. And, since it entered the FTSE 100 index last month, its shares have been notable for regularly being among the top 10 daily risers or fallers. Indeed, volatility has been the pattern since its IPO in May, at 250p. The shares had quadrupled by September, briefly giving it a £7bn valuation, but have almost halved since then. Last week’s closing price of 528p still looks pretty if you got on board at the stock market debut, but those who took the plunge before the shares turned south may feel less enamoured. Darktrace’s first annual meeting as a public company, on Wednesday, will inevitably provoke another round of debate about the value. It’s a classic technology conundrum: the Cambridge-based business, led by chief executive Poppy Gustafsson, may be losing money today, but how do you value rapid sales growth and the possibility of huge growth? Darktrace’s core products are “network detection and response” tools. They work by using artificial intelligence (AI) algorithms to learn and absorb an organisation’s regular “digital fingerprint” and then spot abnormalities that could indicate a cyber-attack. If an attack is under way, the technology neutralises threats, and prevents or minimises damage. Darktrace chief executive Poppy Gustafsson Darktrace chief executive Poppy Gustafsson The incentive for organisations to buy such products is obvious. As well as dodging data theft and criminal extortion demands, firms also want to ensure that daily operations can continue. The vast majority of Darktrace’s 6,000 customers are in the private sector. That tally of clients hints at the company’s potential. In theory, given the predicted growth in the cybersecurity market, customers could eventually be counted in the tens of thousands. As it is, Darktrace has been improving its revenues at a clip of almost 50% a year for the past four years. Analysts expect revenues of about $400m this financial year. So why the share price wobble? Probably for three reasons. First, analysts at Peel Hunt punctured the bullish consensus in October with a “sell” note, arguing that there was “a disconnect between the valuation and the ultimate revenue opportunity”. Darktrace says its AI tools are very efficient at learning, and there’s no disgrace in being good at marketing The share price at that point was 950p, so Peel Hunt’s call reinforced its argument that Darktrace’s sales and marketing operation was more impressive than its technology. Is spending 10% of sales on research and development – when rivals are allocating 20% – storing up trouble? Darktrace’s view is that its AI-based tools are simply efficient at learning and that there shouldn’t be any disgrace in being good at marketing. The debate will run. Second, the thrill of the IPO period is over. Six-month lock-up periods for Darktrace’s private equity backers expired at the start of this month. In practice, selling has been modest, but the possibility of disposals can infect the market’s mood. Then there’s the Mike Lynch factor. He is the former Autonomy chief executive whose $11bn sale of the company to Hewlett-Packard in 2011 led to the UK’s biggest-ever civil fraud case (judgment is still awaited). Lynch, who is fighting extradition to the US, owns 16% of Darktrace with his wife Angela Bacares, having been a founding shareholder. He does not have a day-to-day role – he sits only on the company’s science and technology committee – but the relationship will continue to draw attention as long as it survives. Gustafsson will, one suspects, avoid all mention of Lynch, the share price, or Peel Hunt’s note at Wednesday’s meeting. But any update on revenue growth will be devoured in the City. Not only does Darktrace carry many of the hopes of the UK tech sector, it is also a high-profile member of the “Covid cohort” of London IPOs. And, if you splash a few million on F1 advertising before you’re even profitable, expect scrutiny.
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08/11/2021
11:51		mbdx7em21: (Bloomberg) -- A new research note has defended Darktrace Plc, the U.K. cybersecurtity firm whose shares have plummeted since a broker recommended selling the stock last month. “Any share price capitulation is a result of fear not fact,” Berenberg analysts including Benjamin May wrote after visiting the company’s headquarters in Cambridge, England. Berenberg, which provides corporate broking services to Darktrace, has a buy rating on the stock. The argument that the firm is underspending versus peers is ignoring important context, including the fact that salaries for software engineers are lower in England than on the U.S. west coast, the analysts said. Customer retention rates are also set to improve as sales teams increase their focus on customer needs, in order to upsell other products, they added. Darktrace stock gained as much as 9% on Monday. It’s down about 35% since Peel Hunt said Oct. 25 that it was worth only half its value at the time, but is still well above April’s 250-pence-a-share initial public offering price. Peel Hunt warned that some experts had suggested the company’s artificial intelligence-focused product was a “gimmick.̶1; Darktrace said in response that its product does provide protection and that customers are satisfied. The stock has also been pressured by the end of a lockup period that allowed early investors to sell shares.
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02/11/2021
18:02		thefartingcommie: Darktrace shares face biggest test on Wednesday 2nd November 2021 07:30 by Alistair Strang from Trends and Targets Share on Related Investments DARK 4.54% The FTSE 100's newest member faces a major test on Wednesday when IPO investors are finally allowed to sell their shares. Independent analyst Alistair Strang explains what could happen. It’s a bit of a surprise seeing Darktrace DARK 4.54% joining the FTSE 100 so quickly following their launch. Perhaps doubly so, due to the company shares being under a ‘No Sell’ moratorium, or lock-up, for those who bought at the launch when they were just 250p. Currently at 681p, the moratorium expires on Wednesday this week, when there will doubtless be frenetic activity to take some profit, if only due to price movements in the last week. Of course, matters have not been helped by a suspicion that their 4x rise in six months [the shares peaked at over 1,000p last month] was perhaps optimistic. A firm of City brokers issued a note to the media, entitled “Reality Check”, warning of a disconnect between the company value and its growth prospects. The note also, perhaps spitefully, mentioned some clients of Darktrace describe their technology as “snake oil”. Subscribe to the ii YouTube channel for interviews with popular investors Why reading charts can help you become a better investor While this sort of thing may often be justified, especially in a marketplace where buzzwords like “crypto”, “game theory” and “blockchain” are used to conceal the salient detail a product is overhyped nonsense, the pedigree of the folk behind Darktrace should give pause for thought. After all, with security specialists escaping from GCHQ counted among the brains, some respect for the company should be justified. The big question is how low should the share price be expected to fall, should there be a rush to ‘take profits’ this week? Source: Trends and Targets. Past performance is not a guide to future performance If we extrapolate on the company share price behaviour since June, the immediate situation suggests weakness below 668p should permit reversal down to an initial 574p. Should such a level break, bottom should hopefully occur at 511p, providing a bounce and still producing a ‘nice little earner’ for those initial investors who retain their shares. We can predict a pretty nasty problem should the company share price close a session below 511p. In such an event, continued reversal will enjoy a “Big Picture narrative, justifying travel down to 268p, virtually a break-even level for initial investors. This price becomes extremely dangerous, obviously psychologically capable of providing a bounce but, unfortunately, also residing in a movement cycle where the Big Picture calculates with an ultimate bottom down at 116p. We cannot calculate below such a level and, to be fair, it’s difficult to imagine such a recently listed company, a member of the FTSE 100, finding itself in such a position where its share price could experience so much damage. Our suspicion is to anticipate 511p making an appearance sometime soon. Currently, the share needs better than 800p to escape this misery. hTTps://www.ii.co.uk/analysis-commentary/darktrace-shares-face-biggest-test-wednesday-ii521854?utm_source=&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_021121%20(1)&utm_content=&spMailingID=16013165&spUserID=MTM4NzM1NDMxNzcyS0&spJobID=1870431013&spReportId=MTg3MDQzMTAxMwS2
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