Stuart Kupinsky, Executive Vice President, Chief Legal Officer and Corporate Secretary of Mercury Systems Inc, sold 1,000 shares of common stock on August 21, 2026 for a total of $95,230 at $95.23 per share.
The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on May 7, 2026. Following the sale, the company's stock declined 7.9% to $87.74, down from the sale price of $95.23.
Kupinsky retains 56,352 shares directly and 1,233 shares indirectly through a 401(k) plan. Mercury Systems reported a market capitalization of $5.28 billion as of the transaction date.
The company's fiscal fourth-quarter 2026 results showed revenue of $289.8 million, exceeding Wall Street estimates with a 6.1% organic increase year-over-year. Adjusted earnings per share were $0.37, slightly below the consensus estimate of $0.38. Fourth-quarter bookings surged 93.1% year-over-year to a record level, with total backlog reaching $1.945 billion, a 38.4% increase from the prior year.
Analysts have adjusted their price targets following the earnings release. Piper Sandler raised its target to $131 with an Overweight rating, RBC Capital increased its target to $120 with an Outperform rating, and Baird maintained an Outperform rating with a $130 target.
