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 $687,473 were sold by Diamond Michael E on Jun 13 ’25. At $9.77 per share, Diamond Michael E sold 70,352 shares. The insider’s holdings dropped to 233,340 shares worth approximately $2.23 million following the completion of this transaction.
Also, CHRISTOPHER H BRIGGS purchased 26,023 shares, netting a total of over 253,087 in proceeds.
Before that, MICHAEL E DIAMOND had added 70,352 shares to its account. In a trade valued at $704,224, the Officer bought Mitek Systems Inc shares for $10.01 each.
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
On last trading session,, Mitek Systems Inc [NASDAQ: MITK] plunged -2.05% to $9.57. The stock’s lowest price that day was $9.53, but it reached a high of $9.795 in the same session. During the last five days, there has been a drop of approximately -5.25%. Over the course of the year, Mitek Systems Inc shares have dropped approximately -14.02%. Shares of the company reached a 52-week high of $11.39 on 05/09/25 and a 52-week low of $6.93 on 04/09/25.
Support And Resistance Levels for Mitek Systems Inc (MITK)
According to the 24-hour chart, there is a support level at 9.47, which, if violated, would cause prices to drop to 9.36. In the upper region, resistance lies at 9.74. The next price resistance is at 9.90. RSI (Relative Strength Index) is 49.69 on the 14-day chart, showing neutral technical sentiment.
Is Mitek Systems Inc subject to short interest?
Stocks of Mitek Systems Inc saw a sharp steep in short interest on 2025-05-30 dropping by -0.15 million shares to 2.62 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 2.77 million shares. A decline of -5.65% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.41 of the overall float, the days-to-cover ratio (short ratio) decline to 5.41.
Which companies own the most shares of Mitek Systems Inc (MITK)?
In terms of Mitek Systems Inc share price expectations, FactSet research, analysts set an average price target of 13 in the next 12 months, up nearly 33.06% from the previous closing price of $9.77. Analysts anticipate Mitek Systems Inc stock to reach 15 by 2025, with the lowest price target being 9.5. In spite of this, 1 analysts ranked Mitek Systems Inc stock as Buy at the end of 2025. On August 12, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $27.
