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

Key Points

• Mercury Systems EVP Stuart Kupinsky sold 1,000 shares at an average price of $76, generating $76,000 under a pre-arranged Rule 10b5-1 plan. He retained 59,971 shares valued at approximately $4.56 million.
• Mercury Systems shares opened at $74.87, below their 50-day and 200-day moving averages of $83.97 and $94.80, respectively. The stock has traded between $65.04 and $128.45 over the past year.
• The company slightly missed quarterly EPS expectations but exceeded revenue estimates, reporting $0.37 EPS and $289.78 million in revenue. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $108.55.

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $76.00, for a total value of $76,000.00. Following the completion of the sale, the executive vice president owned 59,971 shares in the company, valued at $4,557,796. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $86.52, for a total value of $86,520.00.
• On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were 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 shares were sold at an average price of $100.31, for a total transaction of $131,205.48.
• On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The shares were 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 stock was sold at an average price of $109.95, for a total value of $131,390.25.

Mercury Systems Stock Performance

Shares of NASDAQ MRCY opened at $74.87 on Monday. The company has a market cap of $4.56 billion, a PE ratio of -149.74 and a beta of 0.97. The firm's 50 day moving average price is $83.97 and its 200-day moving average price is $94.80. Mercury Systems Inc has a 52-week low of $65.04 and a 52-week high of $128.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%. The firm had revenue of $289.78 million during the quarter, compared to analysts' expectations of $266.09 million. During the same period in the previous year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that Mercury Systems Inc will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Mercury Systems

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Mercury Systems during the 2nd quarter valued at about $43,000. Rockefeller Capital Management L.P. grew its holdings in Mercury Systems by 53.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company's stock worth $48,000 after acquiring an additional 228 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Mercury Systems during the second quarter valued at approximately $52,000. IFP Advisors Inc raised its position in Mercury Systems by 250.8% during the second quarter. IFP Advisors Inc now owns 463 shares of the technology company's stock valued at $57,000 after acquiring an additional 331 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Mercury Systems in the second quarter valued at approximately $82,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Robert W. Baird boosted their price target on Mercury Systems from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Wall Street Zen downgraded Mercury Systems from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Oppenheimer initiated coverage on shares of Mercury Systems in a research note on Thursday. They set an "outperform" rating and a $90.00 price objective on the stock. Truist Financial increased their price target on shares of Mercury Systems from $109.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Finally, Piper Sandler reduced their price target on Mercury Systems from $131.00 to $107.00 and set an "overweight" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mercury Systems presently has an average rating of "Moderate Buy" and a consensus target price of $108.55.

About Mercury Systems

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.

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