Insider Selling: Rocket Lab (NASDAQ:RKLB) Insider Sells 41,782 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLB) insider Frank Klein sold 41,782 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $40.65, for a total value of $1,698,438.30. Following the sale, the insider owned 1,274,223 shares of the company’s stock, valued at approximately $51,797,164.95. This represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Frank Klein also recently made the following trade(s):

• On Wednesday, September 17th, Frank Klein sold 4,286 shares of Rocket Lab stock. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92.
• On Tuesday, September 16th, Frank Klein sold 45,535 shares of Rocket Lab stock. The shares were sold at an average price of $48.97, for a total transaction of $2,229,848.95.

Rocket Lab Stock Up 0.4%

Shares of Rocket Lab stock traded up $0.15 during trading hours on Tuesday, reaching $42.60. The company’s stock had a trading volume of 10,534,502 shares, compared to its average volume of 19,018,756. The company has a market capitalization of $22.76 billion, a P/E ratio of -112.11 and a beta of 2.16. The stock’s fifty day simple moving average is $54.91 and its two-hundred day simple moving average is $44.01. Rocket Lab Corporation has a one year low of $14.71 and a one year high of $73.97. 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 announced its quarterly 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. The business had revenue of $155.08 million for the quarter, compared to analysts’ expectations of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Rocket Lab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in shares of Rocket Lab by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock valued at $420,000 after purchasing an additional 1,749 shares in the last quarter. CWM LLC grew its holdings in Rocket Lab by 50.9% during the 1st quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer’s stock valued at $142,000 after buying an additional 2,678 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Rocket Lab during the first quarter valued at about $183,000. Cetera Investment Advisers lifted its holdings in shares of Rocket Lab by 70.4% in the first quarter. Cetera Investment Advisers now owns 53,021 shares of the rocket manufacturer’s stock worth $948,000 after buying an additional 21,902 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Rocket Lab by 51.4% in the first quarter. LPL Financial LLC now owns 378,208 shares of the rocket manufacturer’s stock worth $6,762,000 after buying an additional 128,335 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America increased their price objective on shares of Rocket Lab from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $63.00 target price on shares of Rocket Lab in a report on Tuesday. Citigroup restated a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. Craig Hallum began coverage on Rocket Lab in a research note on Monday, July 28th. They set a “hold” rating and a $51.00 target price on the stock. Finally, Cantor Fitzgerald raised their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Two equities research 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. According to data from MarketBeat.com, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus target price of $58.17.

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.