Today it was reported that an Insider at Mitek Systems Inc (MITK), Michael E. Diamond, exercised options to sell 154,324 MITK shares at $2.63 a share, for a total transaction value of $1.67M.
Following Michael E. Diamond’s last MITK Sell transaction on November 20, 2018, the stock climbed by 1.3%.
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Based on Mitek Systems Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $19.98 million and GAAP net loss of $716K. In comparison, last year the company earned revenue of $14.28 million and had a GAAP net loss of $1.16 million. Currently, Mitek Systems Inc has an average volume of 604.4K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $15.13, reflecting a 39.4% upside.
The insider sentiment on Mitek Systems Inc has been negative according to 32 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Mitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in December 16, 1986 and is headquartered in San Diego, CA.
