Published on 10 Nov 2023 on Simply Wall St. via Yahoo Finance
With 73% ownership, Mitek Systems, Inc. (NASDAQ:MITK) boasts of strong institutional backing
Key Insights
Institutions' substantial holdings in Mitek Systems implies that they have significant influence over the company's share priceThe top 9 shareholders own 50% of the companyOwnership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
If you want to know who really controls Mitek Systems, Inc. (NASDAQ:MITK), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 73% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).