Insider Selling: Rocket Lab (NASDAQ:RKLB) CEO Sells 18,857 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLB) CEO Peter Beck sold 18,857 shares of Rocket Lab stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $40.65, for a total value of $766,537.05. Following the transaction, the chief executive officer owned 902,942 shares of the company’s stock, valued at $36,704,592.30. The trade was a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Peter Beck also recently made the following trade(s):

• On Tuesday, September 16th, Peter Beck sold 1,436,442 shares of Rocket Lab stock. The stock was sold at an average price of $48.75, for a total value of $70,026,547.50.
• On Monday, September 15th, Peter Beck sold 1,063,558 shares of Rocket Lab stock. The shares were sold at an average price of $54.00, for a total value of $57,432,132.00.

Rocket Lab Stock Performance

Rocket Lab stock traded up $0.15 during mid-day trading on Tuesday, hitting $42.60. The company had a trading volume of 10,534,502 shares, compared to its average volume of 19,018,756. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. Rocket Lab Corporation has a 12-month low of $14.71 and a 12-month high of $73.97. The company’s fifty day moving average is $54.91 and its 200-day moving average is $44.01. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of -112.11 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s quarterly revenue was up 48.0% on a year-over-year basis. 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 year.

Wall Street Analysts Forecast Growth

RKLB has been the subject of several recent analyst reports. Roth Capital restated a “buy” rating and issued a $75.00 price target on shares of Rocket Lab in a research note on Tuesday, November 11th. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price objective (up from $65.00) on shares of Rocket Lab in a research report on Tuesday, November 11th. Citigroup reiterated a “market perform” rating on shares of Rocket Lab in a research report on Wednesday, November 12th. Cantor Fitzgerald upped their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, KeyCorp boosted their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.17.

Institutional Investors Weigh In On Rocket Lab

Large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Rocket Lab during the third quarter worth about $25,000. Hara Capital LLC purchased a new position in Rocket Lab in the 3rd quarter worth approximately $25,000. UMB Bank n.a. boosted its holdings 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 worth $26,000 after purchasing an additional 423 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Rocket Lab in the third quarter valued at approximately $27,000. Finally, Financial Consulate Inc. purchased a new position in Rocket Lab during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

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.