Frank Klein Sells 45,535 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Key Points

• Frank Klein, an insider at Rocket Lab, sold a total of 45,535 shares on September 16th for approximately $2.23 million, reducing his ownership in the company by 3.33%.
• Rocket Lab's stock has recently experienced a decline, trading down 1.9% to $47.18, while the company reported a negative earnings per share of $0.13 for the last quarter, missing analysts' expectations.
• Institutional investors hold 71.78% of Rocket Lab’s stock, with several firms recently increasing their stakes in the company.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) insider Frank Klein sold 45,535 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $2,229,848.95. Following the completion of the transaction, the insider owned 1,320,291 shares in the company, valued at $64,654,650.27. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.

Rocket Lab Stock Down 1.9%

RKLB stock traded down $0.90 during trading on Thursday, hitting $47.18. The company had a trading volume of 19,308,755 shares, compared to its average volume of 21,560,860. The firm has a 50-day moving average price of $46.06 and a 200-day moving average price of $31.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. Rocket Lab Corporation has a 1-year low of $7.00 and a 1-year high of $55.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Equities analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Rocket Lab

A number of institutional investors have recently modified their holdings of the company. Truist Financial Corp lifted its stake in shares of Rocket Lab by 1.9% during the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer's stock worth $442,000 after purchasing an additional 234 shares during the period. Parvin Asset Management LLC raised its stake in Rocket Lab by 7.2% during the second quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer's stock worth $133,000 after purchasing an additional 250 shares during the period. GAMMA Investing LLC lifted its stake in shares of Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after purchasing an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 416 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Rocket Lab by 4.0% during the first quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer's stock worth $213,000 after purchasing an additional 458 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Analyst Ratings Changes

RKLB has been the topic of a number of recent analyst reports. Cantor Fitzgerald upped their price objective on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. The Goldman Sachs Group started coverage on shares of Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 price objective on the stock. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Finally, KeyCorp raised their price objective on Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.27.

Rocket Lab Company Profile

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.

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