Rocket Lab USA, Inc. (NASDAQ:RKLB - Get Free Report) insider Arjun Kampani sold 28,988 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $26.66, for a total transaction of $772,820.08. Following the completion of the sale, the insider now owns 540,618 shares of the company's stock, valued at $14,412,875.88. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Arjun Kampani also recently made the following trade(s):
- On Monday, June 2nd, Arjun Kampani sold 5,194 shares of Rocket Lab USA stock. The shares were sold at an average price of $26.52, for a total transaction of $137,744.88.
- On Wednesday, May 28th, Arjun Kampani sold 5,277 shares of Rocket Lab USA stock. The shares were sold at an average price of $29.97, for a total transaction of $158,151.69.
Rocket Lab USA Stock Performance
Shares of RKLB traded down $0.38 during mid-day trading on Thursday, hitting $26.53. 10,194,689 shares of the company's stock were exchanged, compared to its average volume of 16,394,540. Rocket Lab USA, Inc. has a 52 week low of $4.20 and a 52 week high of $33.34. The stock's 50-day simple moving average is $22.20 and its 200-day simple moving average is $23.54. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of -70.97 and a beta of 2.04. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.
Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The business had revenue of $122.57 million for the quarter, compared to the consensus estimate of $120.74 million. During the same period in the prior year, the business posted ($0.09) earnings per share. The firm's revenue for the quarter was up 32.1% compared to the same quarter last year. On average, equities research analysts expect that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.
Analyst Ratings Changes
RKLB has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Rocket Lab USA from $14.35 to $16.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Wells Fargo & Company lowered their price target on shares of Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. KeyCorp lowered their price target on shares of Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Citigroup lowered their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Rocket Lab USA presently has an average rating of "Moderate Buy" and an average target price of $25.18.
Get Our Latest Stock Analysis on RKLB
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Spectrum Wealth Counsel LLC bought a new position in Rocket Lab USA in the fourth quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in Rocket Lab USA in the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Rocket Lab USA in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc increased its stake in Rocket Lab USA 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 acquiring an additional 860 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB bought a new position in Rocket Lab USA in the first quarter valued at approximately $29,000. 71.78% of the stock is owned by institutional investors.
Rocket Lab USA Company Profile
(
Get Free Report)
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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