Insider Selling: Rocket Lab (NASDAQ:RKLB) Insider Sells $6,328,682.30 in Stock

Rocket Lab Corporation (NASDAQ:RKLB) insider Frank Klein sold 44,390 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the transaction, the insider owned 1,043,847 shares in the company, valued at approximately $148,821,266.79. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, March 4th, Frank Klein sold 36,768 shares of Rocket Lab stock. The stock was sold at an average price of $71.95, for a total transaction of $2,645,457.60.
• On Monday, March 2nd, Frank Klein sold 44,482 shares of Rocket Lab stock. The stock was sold at an average price of $69.59, for a total transaction of $3,095,502.38.

Rocket Lab Stock Performance

Shares of NASDAQ:RKLB opened at $143.48 on Friday. The company’s 50 day moving average price is $92.13 and its two-hundred day moving average price is $76.27. Rocket Lab Corporation has a 12-month low of $25.24 and a 12-month high of $151.00. The firm has a market cap of $83.04 billion, a PE ratio of -448.38 and a beta of 2.30. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business’s revenue was up 63.4% compared to the same quarter last year. Equities research analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RKLB shares. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price target (up from $90.00) on shares of Rocket Lab in a research report on Monday, April 20th. Roth Mkm increased their price target on shares of Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. Citizens Jmp increased their price target on shares of Rocket Lab from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Finally, Zacks Research lowered shares of Rocket Lab from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus price target of $97.19.

Rocket Lab News Summary

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Rocket Lab continues to benefit from optimism around its defense business, including progress on its SDA missile-defense constellation work and a reported milestone that helped push total defense awards above $1.3 billion. Rocket Lab Hits Key SDA Milestone, Expands Defense Footprint
• Positive Sentiment: The stock is also being lifted by broader enthusiasm for the space sector, with traders speculating that a potential SpaceX IPO could re-rate public space names and keep capital flowing into Rocket Lab. Is Rocket Lab Corporation (RKLB) Among the Best Space Stocks to Buy According to Reddit and Social Media?
• Positive Sentiment: Recent coverage highlighted Rocket Lab’s improving revenue momentum and expanding role as a space-defense contractor, reinforcing the case for continued growth. Rocket Lab (RKLB) Stock Soars as Defense Contracts Surpass $1.3 Billion Milestone
• Neutral Sentiment: Several bullish articles framed Rocket Lab as a key “SpaceX alternative,” but much of that move appears driven by valuation expansion and theme trading rather than a single new operating catalyst. Rocket Lab (RKLB) Stock Price Forecast — Can the 115% Rally Continue?
• Negative Sentiment: Rocket Lab also faced pressure from a broader selloff in space stocks after Blue Origin’s New Glenn rocket exploded during a hotfire test, raising risk-off sentiment across the group. Blue Origin New Glenn Rocket Erupts in Flames During Hotfire Test at Cape Canaveral
• Negative Sentiment: Sentiment was further weighed by multiple insider sales disclosed this week, including transactions by senior executives, even though the sales were tied to 10b5-1 plans and tax withholding on equity awards. Arjun Kampani Insider Trading Activity

Institutional Trading of Rocket Lab

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Rocket Lab by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after acquiring an additional 5,610,469 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Rocket Lab by 47.2% in the 4th quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock valued at $1,245,317,000 after purchasing an additional 5,725,536 shares during the last quarter. Capital World Investors lifted its stake in Rocket Lab by 12.0% in the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after purchasing an additional 1,738,623 shares during the last quarter. State Street Corp lifted its stake in Rocket Lab by 1.0% in the 4th quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock valued at $873,411,000 after purchasing an additional 120,652 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Rocket Lab by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer’s stock valued at $626,605,000 after purchasing an additional 825,158 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.