Insider Selling: Rocket Lab (NASDAQ:RKLB) SVP Sells 28,615 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLB) SVP Arjun Kampani sold 28,615 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $40.65, for a total transaction of $1,163,199.75. Following the transaction, the senior vice president owned 461,014 shares in the company, valued at $18,740,219.10. This represents a 5.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Arjun Kampani also recently made the following trade(s):

• On Wednesday, September 17th, Arjun Kampani sold 9,416 shares of Rocket Lab stock. The shares were sold at an average price of $47.70, for a total value of $449,143.20.
• On Tuesday, September 16th, Arjun Kampani sold 31,185 shares of Rocket Lab stock. The stock was sold at an average price of $48.97, for a total value of $1,527,129.45.

Rocket Lab Stock Up 0.4%

Rocket Lab stock traded up $0.15 during mid-day trading on Tuesday, reaching $42.60. The stock had a trading volume of 10,534,502 shares, compared to its average volume of 19,018,756. The firm has a market capitalization of $22.76 billion, a PE ratio of -112.11 and a beta of 2.16. Rocket Lab Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $73.97. The stock’s 50-day simple moving average is $54.91 and its 200-day simple moving average is $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 earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $155.08 million for the quarter, compared to analysts’ expectations of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.Rocket Lab’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business earned ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Institutional Trading of Rocket Lab

A number of institutional investors and hedge funds have recently modified their holdings of RKLB. Wilmington Savings Fund Society FSB purchased a new position in Rocket Lab in the third quarter worth $25,000. Hara Capital LLC bought a new stake in shares of Rocket Lab during the 3rd quarter worth $25,000. UMB Bank n.a. raised its stake 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 period. Sound Income Strategies LLC purchased a new position in Rocket Lab in the third quarter valued at about $27,000. Finally, Financial Consulate Inc. bought a new position in shares of Rocket Lab during the 3rd quarter valued at approximately $35,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RKLB has been the subject of several recent research reports. Citigroup reissued a “market perform” rating on shares of Rocket Lab in a research report on Wednesday, November 12th. KeyCorp boosted 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. Baird R W raised Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Morgan Stanley cut their target price on Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th. Finally, Bank of America upped their price target on Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.