Mitek Systems Inc’s recent filing unveils that its SVP Identity Briggs Christopher H unloaded Company’s shares for reported $0.27 million on Jun 14 ’24. In the deal valued at $11.10 per share,24,000 shares were sold. As a result of this transaction, Briggs Christopher H now holds 68,673 shares worth roughly $0.9 million.
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Then, Wells Donna sold 16,839 shares, generating $209,814 in total proceeds. Upon selling the shares at $12.46, the Director now owns 38,552 shares.
Before that, CARNECCHIA SCIPIO MAXIMUS sold 56,113 shares. Mitek Systems Inc shares valued at $609,387 were divested by the Chief Executive Officer at a price of $10.86 per share. As a result of the transaction, CARNECCHIA SCIPIO MAXIMUS now holds 500,795 shares, worth roughly $6.59 million.
Craig Hallum initiated its Mitek Systems Inc [MITK] rating to a Buy in a research note published on December 14, 2023; the price target was $17. H.C. Wainwright started covering the stock on August 12, 2021. It rated MITK as “a Buy”.
Price Performance Review of MITK
On Friday, Mitek Systems Inc [NASDAQ:MITK] saw its stock jump 3.06% to $13.15. Over the last five days, the stock has gained 8.68%. Mitek Systems Inc shares have risen nearly 0.84% since the year began. Nevertheless, the stocks have risen 24.64% over the past one year. While a 52-week high of $16.24 was reached on 04/15/24, a 52-week low of $9.47 was recorded on 06/17/24. SMA at 50 days reached $11.98, while 200 days put it at $12.07. A total of 0.64 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For MITK Stock
The 24-hour chart illustrates a support level at 12.92, which if violated will result in even more drops to 12.69. On the upside, there is a resistance level at 13.55. A further resistance level may holdings at 13.95. The Relative Strength Index (RSI) on the 14-day chart is 70.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.87%. Stochastics%K at 84.86% indicates the stock is a selling.
The most recent change occurred on April 16, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
