Shares dive by 13% as analysts raise doubts over cybersecurity firm’s valuation
Shares in the cybersecurity firm Darktrace have plummeted again after an analyst note raising doubts about its valuation and as the expiry looms of a lock-up on insiders selling their stakes.
The Cambridge-based firm, which had been a star performer since floating in April and joining the FTSE 100 last week, closed down 121p at 698p on Monday, a fall of more than 15% that valued the company at £4.7bn.
