Rocket Lab (NASDAQ:RKLB) Trading Up 3.4% – Here’s Why

Rocket Lab Corporation (NASDAQ:RKLB) was up 3.4% during mid-day trading on Friday . The company traded as high as $63.45 and last traded at $62.98. Approximately 13,776,088 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 20,818,045 shares. The stock had previously closed at $60.92.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RKLB shares. Citigroup restated a “buy” rating and issued a $50.00 target price (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Robert W. Baird initiated coverage on Rocket Lab in a research report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price target on the stock. Craig Hallum initiated coverage on Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 price target on the stock. Finally, Baird R W raised Rocket Lab to a “strong-buy” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.75.

Rocket Lab Trading Up 3.4%

The business has a 50-day moving average of $54.88 and a 200-day moving average of $40.70. The stock has a market cap of $30.48 billion, a price-to-earnings ratio of -139.96 and a beta of 2.14. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. During the same period in the prior year, the firm earned ($0.08) EPS. Rocket Lab’s quarterly revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Insider Buying and Selling

In other Rocket Lab news, SVP Arjun Kampani sold 9,416 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total value of $449,143.20. Following the completion of the sale, the senior vice president owned 489,629 shares of the company’s stock, valued at $23,355,303.30. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam C. Spice sold 874,588 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the sale, the chief financial officer directly owned 2,057,889 shares of the company’s stock, valued at $98,799,250.89. This represents a 29.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of Rocket Lab

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Windmill Hill Asset Management Ltd acquired a new stake in shares of Rocket Lab in the third quarter worth about $1,058,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Rocket Lab by 17.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 28,189 shares of the rocket manufacturer’s stock worth $1,351,000 after purchasing an additional 4,249 shares during the last quarter. LBP AM SA lifted its position in shares of Rocket Lab by 9.6% during the 3rd quarter. LBP AM SA now owns 128,816 shares of the rocket manufacturer’s stock worth $6,172,000 after purchasing an additional 11,243 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Rocket Lab by 640.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,850 shares of the rocket manufacturer’s stock worth $89,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Fairman Group LLC acquired a new position in shares of Rocket Lab during the 3rd quarter worth about $48,000. Institutional investors and hedge funds 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.