Share sell of was inevitable - growth is more important though13 Nov 2021 09:24
This is still a young share, and pre-ipo and ipo holders selling for profit was inevitable. Keep in mind these holders are in massive profit so completely rational that they sell.
However, the most important thing is this company shows growth, which they are, and Innovation in their sector, which they are.
I think peel over egged their price estimate and we have reached a floor now. However don't be surprised if more people sell, once again they want profit and this part of the naturally stage of a share evolving past earlier adopters.
Dark Trace themselves are more well known than ever, and this all has been great advertising.
Combined with work from home become a more permanent fixture of the modern western world, meaning more will be spent on cyber security as there are now more exposed points of access.
Once we get another revenue update from DT, if in the positive, then this will rocket, as the price come down is be build on fear rather than negative commercials.