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Stock impact report

Mitek Systems Insiders Added US$774.7k Of Stock To Their Holdings [Yahoo! Finance]

Mitek Systems, Inc. (MITK) 
Last mitek systems, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.miteksystems.com
Company Research Source: Yahoo! Finance
This is reassuring as this suggests that insiders have increased optimism about the company's prospects. Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Over the last year, we can see that the biggest insider purchase was by CEO & Director Edward West for US$506k worth of shares, at about US$9.21 per share. We do like to see buying, but this purchase was made at well below the current price of US$10.54. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. Happily, we note that in the last year insiders paid US$775k for 84.50k shares. But insiders sold 36.40k shares worth US$369k. Overall, Mitek Systems insiders were net buyers during the last year. You can Show less Read more
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