Geode Capital Management LLC Sells 12,742 Shares of Mitek Systems, Inc. (NASDAQ:MITK) (2025)

Geode Capital Management LLC reduced its holdings in Mitek Systems, Inc. (NASDAQ:MITK – Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,057,312 shares of the software maker’s stock after selling 12,742 shares during the period. Geode Capital Management LLC owned approximately 2.34% of Mitek Systems worth $11,771,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MITK. Avior Wealth Management LLC raised its stake in Mitek Systems by 24.7% during the 4th quarter. Avior Wealth Management LLC now owns 8,595 shares of the software maker’s stock valued at $96,000 after purchasing an additional 1,700 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Mitek Systems during the fourth quarter valued at about $105,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Mitek Systems in the fourth quarter valued at about $114,000. Lazari Capital Management Inc. acquired a new stake in Mitek Systems during the fourth quarter worth about $117,000. Finally, Kingsview Wealth Management LLC increased its stake in Mitek Systems by 16.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 20,646 shares of the software maker’s stock valued at $230,000 after acquiring an additional 2,865 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MITK has been the topic of several recent research reports. Maxim Group lifted their price objective on Mitek Systems from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, HC Wainwright restated a “buy” rating and issued a $13.00 price objective on shares of Mitek Systems in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.88.

Check Out Our Latest Research Report on MITK

Insider Activity at Mitek Systems

In other news, CEO Edward H. West acquired 55,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of $9.21 per share, with a total value of $506,550.00. Following the completion of the acquisition, the chief executive officer now owns 55,000 shares in the company, valued at approximately $506,550. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Mitek Systems Price Performance

Mitek Systems stock opened at $7.68 on Tuesday. The business has a 50 day simple moving average of $8.71 and a 200 day simple moving average of $9.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market capitalization of $347.47 million, a PE ratio of 85.33 and a beta of 1.15. Mitek Systems, Inc. has a one year low of $6.93 and a one year high of $14.32.

Mitek Systems (NASDAQ:MITK – Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Mitek Systems had a net margin of 2.59% and a return on equity of 16.53%. On average, sell-side analysts forecast that Mitek Systems, Inc. will post 0.59 EPS for the current fiscal year.

About Mitek Systems

(Free Report)

Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.

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