Insider Selling: Mercury Systems Inc (MRCY) Insider Sells $357,576.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) insider Mark Aslett sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $38.04, for a total value of $357,576.00. Following the completion of the transaction, the insider now directly owns 538,249 shares of the company’s stock, valued at $20,474,991.96. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Friday, June 2nd, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $39.54, for a total value of $379,584.00.
  • 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 value of $386,496.00.
  • On Friday, May 5th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $39.92, for a total value of $383,232.00.

Mercury Systems Inc (NASDAQ MRCY) traded down 0.7656% during trading on Tuesday, reaching $38.8602. The company’s stock had a trading volume of 130,427 shares. The firm has a 50-day moving average price of $39.38 and a 200-day moving average price of $36.25. Mercury Systems Inc has a 52 week low of $21.52 and a 52 week high of $41.49. The firm has a market capitalization of $1.86 billion, a P/E ratio of 67.1161 and a beta of 0.42.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $107.30 million for the quarter, compared to analysts’ expectations of $105.54 million. Mercury Systems had a return on equity of 4.58% and a net margin of 6.48%. The firm’s revenue was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, equities analysts anticipate that Mercury Systems Inc will post $1.10 EPS for the current fiscal year.

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

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Several research firms have weighed in on MRCY. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price target on shares of Mercury Systems in a research report on Monday, March 27th. Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Citigroup Inc. raised their price target on Mercury Systems to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, April 20th. Finally, J P Morgan Chase & Co began coverage on Mercury Systems in a research report on Thursday, March 9th. They set an “overweight” rating and a $48.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC boosted its position in Mercury Systems by 18.6% in the first quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock valued at $110,000 after buying an additional 442 shares in the last quarter. Private Advisor Group LLC bought a new position in Mercury Systems during the first quarter valued at about $116,000. Ameritas Investment Partners Inc. bought a new position in Mercury Systems during the first quarter valued at about $153,000. First Mercantile Trust Co. bought a new position in Mercury Systems during the first quarter valued at about $159,000. Finally, LS Investment Advisors LLC boosted its position in Mercury Systems by 219.1% in the first quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock valued at $187,000 after buying an additional 3,295 shares in the last quarter. 99.50% of the stock is currently owned by institutional investors.

About Mercury Systems

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MRCY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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