We note that the Mitek Systems, Inc. (NASDAQ:MITK) GM & Senior VP of Digital Banking, Michael Diamond, recently sold US$66k worth of stock for US$9.16 per share. On the bright side, that's just a small sale and only reduced their holding by 3.1%.

Mitek Systems Insider Transactions Over The Last Year

The Senior VP of Identity & Head of Products, Chris Briggs, made the biggest insider sale in the last 12 months. That single transaction was for US$266k worth of shares at a price of US$11.10 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$8.90. So it may not shed much light on insider confidence at current levels.

Insiders in Mitek Systems didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Mitek Systems

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.4% of Mitek Systems shares, worth about US$6.1m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Mitek Systems Insider Transactions Indicate?

Insiders haven't bought Mitek Systems stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 1 warning sign with Mitek Systems and understanding this should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.