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Mitek Systems (NASDAQ:MITK) CMO Scott R. Carter sold 4,123 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $3.15, for a total value of $12,987.45. Following the completion of the sale, the chief marketing officer now directly owns 42,660 shares of the company’s stock, valued at approximately $134,379. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Mitek Systems (NASDAQ:MITK) traded down 2.54% during mid-day trading on Friday, hitting $3.07. The stock had a trading volume of 252,027 shares. Mitek Systems has a 52-week low of $2.96 and a 52-week high of $7.11. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $4.10. The company’s market cap is $93.6 million.

Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings results on Thursday, July 24th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $4.70 million for the quarter, compared to the consensus estimate of $4.74 million. During the same quarter last year, the company posted ($0.02) earnings per share. Mitek Systems’s revenue was up 20.1% compared to the same quarter last year. Analysts expect that Mitek Systems will post $-0.24 EPS for the current fiscal year.

MITK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Mitek Systems from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $3.90 price target on the stock.

Mitek Systems, Inc (NASDAQ:MITK) is engaged in the development, sale and service of software solutions related to mobile imaging applications and intelligent recognition software.

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