Insider Selling: Mercury Systems Inc (MRCY) Insider Sells 9,600 Shares of Stock

Mercury Systems Inc (NASDAQ:MRCY) insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $39.92, for a total transaction of $383,232.00. Following the completion of the transaction, the insider now directly owns 567,049 shares of the company’s stock, valued at $22,636,596.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mark Aslett also recently made the following trade(s):

  • On Tuesday, May 16th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $40.26, for a total transaction of $386,496.00.
  • On Wednesday, March 15th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $38.79, for a total transaction of $372,384.00.
  • On Thursday, March 2nd, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $37.80, for a total transaction of $362,880.00.
  • On Friday, February 17th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $37.15, for a total transaction of $356,640.00.

Mercury Systems Inc (NASDAQ:MRCY) traded up 0.60% on Friday, reaching $38.75. 481,433 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $39.05 and a 200-day moving average of $34.80. Mercury Systems Inc has a 12 month low of $20.47 and a 12 month high of $41.49. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 66.93 and a beta of 0.50.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $107.30 million during the quarter, compared to analysts’ expectations of $105.54 million. Mercury Systems had a return on equity of 6.69% and a net margin of 6.53%. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities analysts expect that Mercury Systems Inc will post $1.10 earnings per share for the current year.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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A number of brokerages have recently commented on MRCY. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 price target (up previously from $30.00) on shares of Mercury Systems in a research note on Saturday, April 29th. Bank of America Corp raised shares of Mercury Systems from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 24th. Finally, JPMorgan Chase & Co. began coverage on shares of Mercury Systems in a research report on Thursday, March 9th. They issued an “overweight” rating and a $48.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Mercury Systems by 920.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock valued at $48,077,000 after buying an additional 1,110,474 shares in the last quarter. Driehaus Capital Management LLC boosted its position in Mercury Systems by 25.0% in the first quarter. Driehaus Capital Management LLC now owns 397,365 shares of the technology company’s stock valued at $15,517,000 after buying an additional 79,573 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Mercury Systems by 15.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,128 shares of the technology company’s stock valued at $1,255,000 after buying an additional 4,371 shares in the last quarter. State Street Corp boosted its stake in Mercury Systems by 44.0% in the first quarter. State Street Corp now owns 1,488,490 shares of the technology company’s stock worth $58,127,000 after buying an additional 455,128 shares during the period. Finally, Bank of America Corp DE raised its position in Mercury Systems by 128.9% in the first quarter. Bank of America Corp DE now owns 328,928 shares of the technology company’s stock worth $12,844,000 after buying an additional 185,223 shares during the period. Hedge funds and other institutional investors own 79.14% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

12 Month Chart for NASDAQ:MRCY

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