Stuart Kupinsky, Executive Vice President, General Counsel and Corporate Secretary of Mercury Systems Inc, disposed of 1,000 ordinary shares on August 21 under a prearranged trading plan, according to regulatory filings.
The shares were sold at $95.23 apiece for a total transaction value of $95,230. Kupinsky adopted the Rule 10b5-1 plan on May 7, 2026. Following the sale, he holds 56,352 shares directly and 1,233 shares indirectly through a 401(k) plan.
Mercury Systems' stock was trading at $87.74 at the time of the transaction, down from the sale price. The company has a market capitalization of $5.28 billion and is listed by InvestingPro as among overvalued assets in the market.
Mercury Systems reported fourth-quarter fiscal 2026 revenue of $289.8 million, exceeding Wall Street estimates and reflecting 6.1% year-over-year organic growth. Adjusted earnings per share came in at $0.37, slightly below the consensus estimate of $0.38. Bookings growth accelerated 93.1% year-over-year in the quarter, while the total order backlog reached $1.945 billion, a 38.4% increase from the prior year.
Analysts have raised price targets following the results. Piper Sandler lifted its target to $131 with an Outperform rating, RBC Capital raised its target to $120 from $105 while maintaining an Outperform rating, and Baird reiterated an Outperform rating with a $130 target.
