The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mitek Systems Inc shares valued at $45,275 were purchased by ROSSI MARK on Mar 06 ’25. At $9.05 per share, ROSSI MARK acquired 5,000 shares. The insider’s holdings grew to 33,744 shares worth approximately $0.26 million following the completion of this transaction.
Also, ROSSI MARK purchased 2,500 shares, netting a total of over 22,275 in proceeds. Following the buying of shares at $8.91 each, the insider now holds 36,244 shares.
Before that, Carter Scott R had added 12,000 shares to its account. In a trade valued at $108,960, the Director bought Mitek Systems Inc shares for $9.08 each. Upon closing the transaction, the insider’s holdings increased to 12,000 shares, worth approximately $1.5 million.
As published in a research note from Jefferies on September 04, 2024, Mitek Systems Inc [MITK] has been rated down from a Buy to a Hold and the price target has been revised to $9.50 from $17. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December.
Analyzing MITK Stock Performance
During the last five days, there has been a drop of approximately -11.72%. Over the course of the year, Mitek Systems Inc shares have dropped approximately -29.65%. Shares of the company reached a 52-week high of $11.26 on 01/02/25 and a 52-week low of $7.69 on 04/03/25. A 50-day SMA is recorded $9.47, while a 200-day SMA reached $9.78.
Support And Resistance Levels for Mitek Systems Inc (MITK)
According to the 24-hour chart, there is a support level at 7.65, which, if violated, would cause prices to drop to 7.46. In the upper region, resistance lies at 8.06. The next price resistance is at 8.28. RSI (Relative Strength Index) is 25.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 91.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Mitek Systems Inc (MITK)?
On August 12, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $27.
