a blip on the radar and some negative press. They bought up their competition and rival brands, so have a bigger market position than the last time the price was down here. give this some time and it will bounce
Darktrace stock slumps as early investors sell shares of £187m02 Oct 2021 14:42
From the article: Shares in Darktrace (DARK.L), the British cybersecurity company that floated in April, slumped as three early investors sold around 25 million shares, after the firm's strong rise in value since it went public.
KKR (KKR), Balderton Capital and Summit sold shares at a placing of 750p ($10) each, representing a 9% discount of the firm's value at the end of Thursday. The company’s initial public offering (IPO) valued it at £1.7bn ($2.3bn), which equated to 250p a share.
i'm still a big believer in the tech, however I still feel the BoD and company are not being aggressive enough , ideally i would like google or another med tech company to just buy them, give a boost to the share price and get the tech in hands of people that can get it more widely distributed