Adam Spice Sells 15,633 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLB) CFO Adam Spice sold 15,633 shares of the company’s stock in a transaction on Saturday, November 22nd. The shares were sold at an average price of $40.02, for a total value of $625,632.66. Following the completion of the transaction, the chief financial officer directly owned 2,042,367 shares in the company, valued at approximately $81,735,527.34. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rocket Lab Stock Performance

NASDAQ RKLB traded up $0.15 on Tuesday, reaching $42.60. 10,534,502 shares of the company’s stock traded hands, compared to its average volume of 19,018,756. Rocket Lab Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $73.97. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of -112.11 and a beta of 2.16. The stock has a 50 day moving average price of $54.91 and a 200-day moving average price of $44.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.83 and a current ratio of 3.18.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The business had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The company’s revenue was up 48.0% compared to the same quarter last year. Rocket Lab has set its Q4 2025 guidance at EPS. Equities research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Rocket Lab

A number of institutional investors have recently modified their holdings of RKLB. Wilmington Savings Fund Society FSB purchased a new stake in Rocket Lab in the third quarter valued at approximately $25,000. Hara Capital LLC bought a new stake in Rocket Lab in the third quarter valued at about $25,000. UMB Bank n.a. grew its position in shares of Rocket Lab by 352.5% during the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock valued at $26,000 after buying an additional 423 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Rocket Lab during the third quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

Analyst Ratings Changes

RKLB has been the topic of a number of analyst reports. Citigroup reaffirmed a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. Robert W. Baird started coverage on shares of Rocket Lab in a research note on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $75.00 price target (up previously from $65.00) on shares of Rocket Lab in a report on Tuesday, November 11th. Bank of America lifted their price objective on shares of Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Finally, Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.17.

About Rocket Lab

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.