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Checkit plc ( (GB:CKT) ) has shared an announcement.
Checkit plc has disclosed that its chief executive, Kit Kyte, has increased his holding in the company with two on-market purchases totalling 182,137 ordinary shares over 17 and 18 December at around 20 pence per share. Following these transactions, Kyte now holds 1,855,935 shares, equivalent to approximately 1.71% of Checkit’s issued share capital, a move likely to be viewed by investors as a sign of management confidence in the company’s prospects.
The most recent analyst rating on (GB:CKT) stock is a Hold with a £21.50 price target. To see the full list of analyst forecasts on Checkit plc stock, see the GB:CKT Stock Forecast page.
Spark’s Take on GB:CKT Stock
According to Spark, TipRanks’ AI Analyst, GB:CKT is a Neutral.
Checkit plc’s overall score is driven by strong technical momentum and positive corporate events, despite challenges in profitability and valuation. The CEO and CFO’s share purchases reflect confidence, but financial performance and valuation remain areas of concern.
To see Spark’s full report on GB:CKT stock, click here.
More about Checkit plc
Checkit plc, listed on AIM, provides automated monitoring platforms aimed at operational leaders, helping organisations track and manage critical operational data and processes across their businesses.
Average Trading Volume: 153,813
Technical Sentiment Signal: Hold
Current Market Cap: £21.6M
For an in-depth examination of CKT stock, go to TipRanks’ Overview page.