Insider Selling: Rocket Lab (NASDAQ:RKLB) CEO Sells 1,436,442 Shares of Stock

Key Points

• Rocket Lab CEO Peter Beck sold 1,436,442 shares of stock on September 16 for approximately $70 million, reducing his ownership by 36.49%.
• The company's stock was valued at $48.08 after a slight increase in trading, with a market cap of $23.05 billion.
• Rocket Lab reported a revenue of $144.5 million for the last quarter, exceeding analysts' expectations but showing a loss of $0.13 earnings per share.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total value of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at $121,875,000. This trade represents a 36.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 15th, Peter Beck sold 1,063,558 shares of Rocket Lab stock. The shares were sold at an average price of $54.00, for a total transaction of $57,432,132.00.

Rocket Lab Trading Down 1.9%

NASDAQ:RKLB traded down $0.90 during midday trading on Thursday, reaching $47.18. 19,308,755 shares of the stock traded hands, compared to its average volume of 20,276,605. Rocket Lab Corporation has a 12 month low of $7.00 and a 12 month high of $55.17. The stock has a market capitalization of $22.62 billion, a P/E ratio of -104.84 and a beta of 2.17. 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 company has a fifty day moving average of $46.06 and a 200 day moving average of $31.75.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The business had revenue of $144.50 million for 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 firm's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.

Analyst Upgrades and Downgrades

RKLB has been the subject of several recent research reports. Craig Hallum assumed coverage on Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Rocket Lab in a research report on Monday, June 30th. They set a "neutral" rating and a $27.00 price target for the company. Roth Capital reissued a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Bank of America boosted their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

Institutional Investors Weigh In On Rocket Lab

A number of hedge funds have recently added to or reduced their stakes in RKLB. Versant Capital Management Inc increased its position in Rocket Lab by 118.1% during the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 860 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Rocket Lab by 109.5% during the second 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 last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Rocket Lab during the first quarter valued at $29,000. Farther Finance Advisors LLC increased its position in Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC increased its stake in shares of Rocket Lab by 100.0% in the 1st 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. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

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.