Top 5 Stock Picks of Ben Gordon’s Blue Grotto Capital

3. Mitek Systems, Inc. (NASDAQ:MITK)

Blue Grotto Capital’s Stake Value: $30.77 million

Percent of 13F Portfolio: 8.15%

Number of Hedge Fund Holders: 17

Accounting for 8.15% of the 13F portfolio of Blue Grotto Capital with 1.66 million shares worth $30.77 million in Q3 2021, Mitek Systems, Inc. (NASDAQ:MITK) develops and sells image capturing and digital identification solutions in the US and abroad.

According to the Insider Monkey database, 17 hedge funds have stakes in Mitek Systems, Inc. (NASDAQ:MITK), worth $109 million, as of the second quarter of 2021.

Mitek Systems, Inc. (NASDAQ:MITK) reported an EPS of $0.22, beating the market estimates by $0.03.

On November 15, 2021, H.C. Wainwright kept a “Buy” rating on Mitek Systems, Inc. (NASDAQ:MITK) and kept its price target of $27 on the shares.