Insider Selling: Mercury Systems Insider Sells 34,719 Shares of Stock (MRCY)
Mercury Systems (NASDAQ:MRCY) Insider Didier M. C. Thibaud sold 34,719 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $10.89, for a total transaction of $378,089.91. Following the completion of the sale, the insider now directly owns 359,115 shares of the company’s stock, valued at approximately $3,910,762. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 0.09% during mid-day trading on Monday, hitting $10.70. 108,441 shares of the company’s stock traded hands. Mercury Systems has a 52 week low of $8.42 and a 52 week high of $14.40. The stock’s 50-day moving average is $11.33 and its 200-day moving average is $11.91. The company’s market cap is $357.1 million.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.10. The company had revenue of $53.70 million for the quarter, compared to the consensus estimate of $55.62 million. During the same quarter last year, the company posted $0.01 earnings per share. Mercury Systems’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Mercury Systems will post $0.26 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $13.50 price target on the stock.
Mercury Systems, Inc, formerly Mercury Computer Systems, Inc, designs, manufactures and markets real-time digital signal and images processing sub-systems and software for specialized defense and commercial markets.
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