$MITK

MITEK SYSTEMS INC

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Short Interest in Mitek Systems, Inc. (NASDAQ:MITK) Expands By 28.9%

Mitek Systems (NASDAQ:MITK) experienced a significant increase in short interest, growing by 28.9% to 2,906,159 shares as of April 15th, representing 6.6% of its shares sold short. This comes as COO Garrett Gafke sold a substantial portion of his holdings, while institutional investors have been adjusting their positions. The company's stock recently traded down by 3.2%, and analysts have a consensus "Hold" rating with a target price of $16.00.

Mitek Systems (NASDAQ:MITK) COO Sells $2,123,203.68 in Stock

Mitek Systems COO Garrett Gafke sold 152,529 shares of MITK stock for $2,123,203.68, reducing his stake by 36.5%. The company recently reported better-than-expected earnings, with EPS of $0.26 and revenue of $44.24 million, although analysts maintain a "Hold" rating with a target price of $16.00. MITK stock is currently trading around its 52-week high, with a market capitalization of approximately $637.1 million.

Mitek Systems COO Garrett Gafke sells $2.12m in shares

Mitek Systems COO Garrett Gafke sold 152,529 shares worth approximately $2.12 million to cover tax withholdings related to vesting restricted stock units. This transaction followed the acquisition of 240,384 shares and the granting of 120,192 new performance RSUs, with the company's stock showing a 68% return over the past year.

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