Rocket Lab (NASDAQ:RKLB) CEO Peter Beck Sells 18,857 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLBGet Free Report) CEO Peter Beck sold 18,857 shares of Rocket Lab stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $1,312,258.63. Following the completion of the transaction, the chief executive officer owned 884,085 shares of the company’s stock, valued at approximately $61,523,475.15. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, December 16th, Peter Beck sold 939,746 shares of Rocket Lab stock. The shares were sold at an average price of $54.73, for a total transaction of $51,432,298.58.
  • On Monday, December 15th, Peter Beck sold 1,560,254 shares of Rocket Lab stock. The stock was sold at an average price of $57.47, for a total value of $89,667,797.38.

Rocket Lab Stock Performance

Shares of NASDAQ RKLB opened at $71.91 on Thursday. Rocket Lab Corporation has a 12-month low of $14.71 and a 12-month high of $99.58. The company has a market cap of $38.41 billion, a PE ratio of -194.35 and a beta of 2.20. The stock has a 50 day simple moving average of $77.74 and a 200-day simple moving average of $61.70. The company has a current ratio of 4.08, a quick ratio of 2.83 and a debt-to-equity ratio of 0.10.

Key Rocket Lab News

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

Analysts Set New Price Targets

RKLB has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Thursday, January 22nd. Zacks Research cut Rocket Lab from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Needham & Company LLC cut their price objective on Rocket Lab from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Morgan Stanley upgraded shares of Rocket Lab from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $67.00 to $105.00 in a report on Friday, January 16th. Finally, Citizens Jmp restated a “market perform” rating on shares of Rocket Lab in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.92.

Read Our Latest Report on RKLB

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aventura Private Wealth LLC acquired a new position in Rocket Lab during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Rocket Lab during the fourth quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Rocket Lab in the fourth quarter valued at approximately $28,000. Gordian Capital Singapore Pte Ltd bought a new position in Rocket Lab during the fourth quarter worth $29,000. Finally, Reflection Asset Management bought a new stake in Rocket Lab in the 4th quarter valued at $30,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab Company Profile

(Get Free Report)

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.

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