Mitek Systems, Inc. (NASDAQ:MITK) CFO Jeffrey C. Davison sold 13,077 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $9.55, for a total value of $124,885.35. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Mitek Systems stock traded up $0.29 on Thursday, hitting $11.04. The company had a trading volume of 540,894 shares, compared to its average volume of 434,288. Mitek Systems, Inc. has a 52 week low of $6.32 and a 52 week high of $13.07. The stock has a market cap of $424.98 million, a P/E ratio of 84.92, a PEG ratio of 4.80 and a beta of -0.22. The business has a 50-day simple moving average of $9.82.
Mitek Systems (NASDAQ:MITK) last posted its earnings results on Wednesday, May 1st. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $19.98 million for the quarter, compared to analyst estimates of $19.20 million. Mitek Systems had a negative net margin of 11.79% and a positive return on equity of 4.43%. Mitek Systems’s revenue was up 39.9% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. On average, research analysts anticipate that Mitek Systems, Inc. will post 0.15 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in Mitek Systems by 30,452.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,027 shares of the software maker’s stock worth $86,000 after purchasing an additional 7,004 shares during the period. Quantamental Technologies LLC purchased a new stake in Mitek Systems in the first quarter worth $87,000. Harvest Management LLC purchased a new stake in Mitek Systems in the fourth quarter worth $108,000. Metropolitan Life Insurance Co. NY purchased a new stake in Mitek Systems in the fourth quarter worth $119,000. Finally, Wedbush Securities Inc. purchased a new stake in Mitek Systems in the first quarter worth $122,000. Institutional investors own 57.51% of the company’s stock.
Mitek Systems Company Profile
Mitek Systems, Inc develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions.
Recommended Story: Investing in Growth Stocks
Receive News & Ratings for Mitek Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitek Systems and related companies with MarketBeat.com's FREE daily email newsletter.