Mitek Systems Inc (MITK) Files Form 4 Insider Selling : James B Debello Sells 59,091 Shares

Mitek Systems Inc (MITK): James B Debello , President & CEO & Chairman of Mitek Systems Inc sold 59,091 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $8.11 per share for a total value of $479,275.28 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Michael E Diamond (other) sold 170,007 shares at $8.05 per share price.On Feb 19, 2016, John M Thornton (director) sold 42,574 shares at $5.17 per share price.Also, On Nov 18, 2015, Russell C. Clark (Chief Financial Officer) sold 481 shares at $4.35 per share price.On Nov 10, 2015, James B Debello (President & CEO) sold 9,050 shares at $3.87 per share price.

Mitek Systems: On Wednesday, May 4, 2016 heightened volatility was witnessed in Mitek Systems which led to swings in the share price. The shares opened for trading at $8.02 and hit $8.07 on the upside , eventually ending the session at $8.05, with a gain of 0.12% or 0.01 points. The heightened volatility saw the trading volume jump to 8,55,706 shares. The 52-week high of the share price is $8.33 and the company has a market cap of $258 M . The 52-week low of the share price is at $2.71.

Mitek Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mitek Systems is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 8 from a previous price target of $6.50 .The Rating was issued on Mar 23, 2016.

Mitek Systems Inc. (Mitek) is a provider of mobile solutions. The Company is engaged in the development sale and service of software solutions related to mobile imaging. The Company’s technology allows users to deposit checks pay bills transfer credit card balances open accounts and get insurance quotes by taking pictures of various documents with their camera-equipped smartphones and tablets. IDchecker Inc. a part of the Company offers Strong ID product which provides identity document authentication solutions including passports driver licenses and identity cards across the world and Facelink facial recognition technology which is a multi-factor identity verification enables organizations to confirm the authenticity of an identity document and match it to the person presenting the document during a mobile transaction.

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