Adam Spice Sells 46,994 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLB) CFO Adam Spice sold 46,994 shares of Rocket Lab stock in a transaction on Monday, November 24th. The shares were sold at an average price of $40.86, for a total transaction of $1,920,174.84. Following the completion of the sale, the chief financial officer owned 1,995,373 shares in the company, valued at approximately $81,530,940.78. This represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rocket Lab Stock Down 1.6%

Shares of RKLB stock opened at $41.93 on Thursday. The company’s fifty day simple moving average is $54.79 and its two-hundred day simple moving average is $44.00. Rocket Lab Corporation has a 52 week low of $14.71 and a 52 week high of $73.97. The stock has a market cap of $22.40 billion, a P/E ratio of -110.34 and a beta of 2.16. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32.

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, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. Analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RKLB has been the topic of a number of research reports. KeyCorp upped their price objective on Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Bank of America boosted their price target 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. Cantor Fitzgerald upped their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Robert W. Baird initiated coverage on shares of Rocket Lab in a research report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $63.00 price objective on shares of Rocket Lab in a research note on Tuesday. 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC raised its stake in shares of Rocket Lab by 2.1% in the third quarter. Capital Investment Advisory Services LLC now owns 10,432 shares of the rocket manufacturer’s stock valued at $500,000 after acquiring an additional 212 shares during the period. Truist Financial Corp raised its position in Rocket Lab by 1.9% in the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock worth $442,000 after purchasing an additional 234 shares during the period. ORG Partners LLC raised its position in Rocket Lab by 22.1% in the 3rd quarter. ORG Partners LLC now owns 1,337 shares of the rocket manufacturer’s stock worth $64,000 after purchasing an additional 242 shares during the period. Parvin Asset Management LLC lifted its stake in Rocket Lab by 7.2% in the second quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer’s stock worth $133,000 after purchasing an additional 250 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in shares of Rocket Lab by 6.0% during the third quarter. Independent Advisor Alliance now owns 6,478 shares of the rocket manufacturer’s stock valued at $310,000 after buying an additional 368 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Company Profile

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.