Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) insider Marvin Bradford Clevenger sold 15,051 shares of Rocket Lab stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $1,048,001.13. Following the transaction, the insider directly owned 458,924 shares in the company, valued at approximately $31,954,878.12. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.
Marvin Bradford Clevenger also recently made the following trade(s):
- On Thursday, May 28th, Marvin Bradford Clevenger sold 3,500 shares of Rocket Lab stock. The shares were sold at an average price of $146.67, for a total value of $513,345.00.
Rocket Lab Stock Performance
Shares of RKLB stock traded down $0.73 during trading hours on Wednesday, hitting $66.18. The stock had a trading volume of 10,986,209 shares, compared to its average volume of 18,443,292. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The firm has a market capitalization of $39.60 billion, a PE ratio of -245.10 and a beta of 2.60. The stock’s 50 day moving average is $79.45 and its 200 day moving average is $85.15. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00.
Key Rocket Lab News
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Defense contract expands Rocket Lab’s backlog. Viasat selected Rocket Lab to build spacecraft buses for the U.S. Space Force’s Protected Tactical SATCOM-Global program. The initial “Swarm 1” award is part of Viasat’s $218.8 million prime contract and reinforces Rocket Lab’s growing role in government space infrastructure. Why Rocket Lab Could Outpace Viasat as Defense Space Spending Accelerates
- Positive Sentiment: Optical communications could broaden revenue opportunities. Rocket Lab’s optical communications terminals are being tested aboard KSAT’s Hyperion satellite, extending the company beyond launch services and into high-bandwidth satellite communications infrastructure. What Does Rocket Lab Gain From Its Optical Communications Role?
- Neutral Sentiment: Analysts remain broadly optimistic, but valuation is demanding. Coverage highlights strong revenue growth, a sizable backlog and multiple price targets well above the current trading level. However, Rocket Lab remains unprofitable, with high-growth expectations already reflected in its valuation. Is It Worth Investing in Rocket Lab Based on Wall Street’s Bullish Views?
- Negative Sentiment: Neutron delays are the main overhang. Reports warn that Rocket Lab’s medium-lift Neutron rocket debut could slip into 2027. A delay would postpone a major expected growth catalyst and prolong development spending, even though the company’s existing launch and space-systems businesses continue to expand. Peter Beck’s Neutron Rocket Could Slip to 2027
- Negative Sentiment: Technical and insider-selling concerns add pressure. The stock’s failed breakouts and position below key moving averages have encouraged bearish options strategies. Recent reports also point to significant open-market insider sales without corresponding purchases, which may weigh on investor confidence. Rocket Lab Stock Bear Put Spread
Institutional Trading of Rocket Lab
A number of institutional investors have recently modified their holdings of RKLB. AQR Capital Management LLC grew its holdings in Rocket Lab by 114.0% during the first quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after acquiring an additional 92,849 shares during the period. NewEdge Advisors LLC lifted its holdings in Rocket Lab by 1,812.1% in the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock valued at $658,000 after acquiring an additional 34,882 shares during the period. Jones Financial Companies Lllp lifted its holdings in Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after acquiring an additional 5,507 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Rocket Lab by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after purchasing an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Rocket Lab by 1.0% during the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after purchasing an additional 681 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
RKLB has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. TD Cowen raised their price target on Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Friday, July 17th. Piper Sandler initiated coverage on Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price objective for the company. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.65.
Read Our Latest Stock Analysis on RKLB
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.
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