Mitek Systems CMO Scott R. Carter Unloads 4,123 Shares (MITK)
Mitek Systems (NASDAQ:MITK) CMO Scott R. Carter sold 4,123 shares of the company’s stock on the open market in a transaction dated Thursday, July 31st. The shares were sold at an average price of $3.15, for a total value of $12,987.45. Following the transaction, the chief marketing officer now directly owns 42,660 shares in the company, valued at approximately $134,379. The sale was disclosed in a document filed with the SEC, which is available at this link.
Mitek Systems (NASDAQ:MITK) opened at 3.07 on Friday. Mitek Systems has a 1-year low of $2.96 and a 1-year high of $7.11. The stock’s 50-day moving average is $3.3 and its 200-day moving average is $4.08. The company’s market cap is $93.6 million.
Mitek Systems (NASDAQ:MITK) last released its earnings data on Thursday, July 24th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts expect that Mitek Systems will post $-0.24 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Mitek Systems from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 29th. 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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