Peter Beck Sells 1,063,558 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Key Points

• Rocket Lab CEO Peter Beck sold over **1 million shares** of his company's stock, resulting in a **21.27% decrease** in his position and totaling approximately **$57.4 million** in value.
• The company's stock traded at **$48.08** with a **market cap of $23.05 billion**, while analysts have set a consensus price target of **$42.27** for Rocket Lab shares.
• Rocket Lab reported a **loss of $0.13 per share** for the last quarter, missing expectations, but its revenue increased by **35.9% year-over-year** to reach **$144.5 million**.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) CEO Peter Beck sold 1,063,558 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $54.00, for a total transaction of $57,432,132.00. Following the completion of the sale, the chief executive officer owned 3,936,442 shares of the company's stock, valued at approximately $212,567,868. This trade represents a 21.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 16th, Peter Beck sold 1,436,442 shares of Rocket Lab stock. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50.

Rocket Lab Stock Up 1.3%

RKLB traded up $0.61 during trading on Friday, hitting $47.79. The stock had a trading volume of 26,783,835 shares, compared to its average volume of 20,313,297. The company has a market capitalization of $22.91 billion, a PE ratio of -106.20 and a beta of 2.17. Rocket Lab Corporation has a twelve month low of $7.13 and a twelve month high of $55.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The stock has a 50 day simple moving average of $46.06 and a two-hundred day simple moving average of $31.75.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. Rocket Lab's 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. On average, research analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RKLB shares. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of Rocket Lab in a research note on Wednesday, September 3rd. Bank of America lifted their price objective on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group started coverage on shares of Rocket Lab in a research note on Monday, June 30th. They set a "neutral" rating and a $27.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Craig Hallum started coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 target price for the company. One equities research 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 stock. According to data from MarketBeat.com, Rocket Lab currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Rocket Lab by 118.1% in the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after buying an additional 860 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock valued at $28,000 after buying an additional 416 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in Rocket Lab in the first quarter valued at $29,000. Farther Finance Advisors LLC increased its holdings in Rocket Lab by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after buying an additional 1,226 shares in the last quarter. Finally, Spectrum Wealth Counsel LLC increased its stake in shares of Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors 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.