Insider Selling: Rocket Lab (NASDAQ:RKLB) Insider Sells 4,286 Shares of Stock

Key Points

• Insider Selling: Rocket Lab insider Frank Klein sold 4,286 shares at an average price of $47.72, totaling approximately $204,528, reducing his stake by 0.32% to 1,316,005 shares.
• Recent Performance: Rocket Lab stock experienced a decline, trading at $47.18, with a 12-month range between $7.00 and $55.17, while its quarterly revenue increased by 35.9% year-over-year despite reporting a negative earnings per share of ($0.13).
• Analyst Ratings: Multiple analysts have recently increased their price targets for Rocket Lab, with targets ranging from $27.00 to $55.00, indicating a generally positive outlook among analysts regarding the stock's potential.

Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) insider Frank Klein sold 4,286 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the completion of the transaction, the insider owned 1,316,005 shares in the company, valued at approximately $62,799,758.60. The trade was a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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 value of $2,229,848.95.

Rocket Lab Price Performance

Shares of RKLB traded down $0.90 during trading hours on Thursday, reaching $47.18. The stock had a trading volume of 19,308,755 shares, compared to its average volume of 21,560,860. The firm has a 50-day simple moving average of $46.06 and a 200 day simple moving average of $31.75. Rocket Lab Corporation has a 12 month low of $7.00 and a 12 month high of $55.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data 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 business had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Analysts Set New Price Targets

RKLB has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Citigroup restated a "buy" rating and issued a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Bank of America increased their price target on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group assumed coverage on Rocket Lab in a research note on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective for the company. Finally, Stifel Nicolaus boosted their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sender Co & Partners Inc. purchased a new position in Rocket Lab during the first quarter valued at approximately $621,000. Royal Bank of Canada grew its position in shares of Rocket Lab by 6.4% during the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock valued at $38,057,000 after purchasing an additional 128,907 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Rocket Lab by 186.0% during the 1st quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock valued at $24,984,000 after purchasing an additional 908,808 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Rocket Lab in the fourth quarter worth $17,261,000. Finally, SG Americas Securities LLC raised its position in shares of Rocket Lab by 2,186.7% in the first quarter. SG Americas Securities LLC now owns 353,522 shares of the rocket manufacturer's stock worth $6,321,000 after buying an additional 338,062 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

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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