Insider Selling: Rocket Lab (NASDAQ:RKLB) Insider Sells 4,736 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLB) insider Frank Klein sold 4,736 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $42.08, for a total value of $199,290.88. Following the completion of the sale, the insider owned 1,269,487 shares of the company’s stock, valued at approximately $53,420,012.96. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 24th, Frank Klein sold 41,782 shares of Rocket Lab stock. The stock was sold at an average price of $40.65, for a total value of $1,698,438.30.
• On Wednesday, September 17th, Frank Klein sold 4,286 shares of Rocket Lab stock. The stock was 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 Price Performance

Shares of NASDAQ RKLB traded down $0.67 during midday trading on Wednesday, reaching $41.93. The company’s stock had a trading volume of 10,858,137 shares, compared to its average volume of 18,958,556. Rocket Lab Corporation has a one year low of $14.71 and a one year high of $73.97. The company has a market cap of $22.40 billion, a price-to-earnings ratio of -110.34 and a beta of 2.16. The company has a 50 day moving average price of $54.79 and a 200 day moving average price of $44.00. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $155.08 million during 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 period last year, the firm posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC lifted its holdings in shares of Rocket Lab by 2.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 10,432 shares of the rocket manufacturer’s stock valued at $500,000 after buying an additional 212 shares during the last quarter. Truist Financial Corp raised its position in Rocket Lab by 1.9% during the second quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock valued at $442,000 after acquiring an additional 234 shares in the last quarter. ORG Partners LLC lifted its stake in Rocket Lab by 22.1% in the third quarter. ORG Partners LLC now owns 1,337 shares of the rocket manufacturer’s stock valued at $64,000 after acquiring an additional 242 shares during the last quarter. Parvin Asset Management LLC grew its position in Rocket Lab by 7.2% in the second quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer’s stock worth $133,000 after acquiring an additional 250 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of Rocket Lab by 6.0% during the 3rd quarter. Independent Advisor Alliance now owns 6,478 shares of the rocket manufacturer’s stock worth $310,000 after purchasing an additional 368 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $63.00 target price on shares of Rocket Lab in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Stifel Nicolaus restated a “buy” rating and set a $75.00 price objective (up previously from $65.00) on shares of Rocket Lab in a report on Tuesday, November 11th. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Roth Capital reissued a “buy” rating and issued a $75.00 target price on shares of Rocket Lab in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.