Mercury Systems (NASDAQ:MRCY) Stock: Insider Stuart Kupinsky Sells 1,000 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $76.00, for a total transaction of $76,000.00. Following the transaction, the executive vice president owned 59,971 shares in the company, valued at approximately $4,557,796. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stuart Kupinsky also recently made the following trade(s):

• On Monday, September 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were sold at an average price of $86.52, for a total transaction of $86,520.00.
• On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The stock was sold at an average price of $95.23, for a total transaction of $95,230.00.
• On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total value of $131,205.48.
• On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total value of $131,182.08.
• On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total value of $131,390.25.

Mercury Systems Stock Down 1.5%

Shares of NASDAQ MRCY opened at $78.55 on Wednesday. Mercury Systems Inc has a 12-month low of $65.04 and a 12-month high of $128.45. The stock’s fifty day simple moving average is $83.22 and its two-hundred day simple moving average is $92.04.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $289.78 million during the quarter, compared to analysts’ expectations of $266.09 million. During the same period last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Mercury Systems Inc will post 0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MRCY. Oppenheimer assumed coverage on shares of Mercury Systems in a research report on Thursday, October 22nd. They set an “outperform” rating and a $90.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Piper Sandler reduced their price objective on shares of Mercury Systems from $131.00 to $107.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank Of Canada boosted their price objective on shares of Mercury Systems from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Mercury Systems in the 2nd quarter worth $1,146,342,000. Deutsche Bank AG acquired a new stake in Mercury Systems during the 2nd quarter worth about $17,454,000. Rice Hall James & Associates LLC purchased a new stake in Mercury Systems during the 2nd quarter valued at about $4,866,000. Manatuck Hill Partners LLC purchased a new stake in Mercury Systems during the 2nd quarter valued at about $2,251,000. Finally, American Capital Management Inc. acquired a new position in shares of Mercury Systems in the second quarter valued at about $59,460,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc is an aerospace and defense technology company that develops and manufactures mission-critical computing and electronic systems. Its products are designed for use in aircraft, unmanned systems, naval vessels, ground vehicles, radar platforms and other defense applications.

The company provides embedded computing solutions, including high-performance processors, ruggedized computers, secure servers, data-storage systems and software. Its portfolio also includes radio-frequency and microwave components, electronic warfare systems, signal processing technologies and systems used for radar, communications, avionics and intelligence, surveillance and reconnaissance missions.

Founded in 1981 and headquartered in Andover, Massachusetts, Mercury Systems primarily serves the U.S.