Rocket Lab (NASDAQ:RKLB) Trading Down 1.9% Following Insider Selling

Rocket Lab Corporation (NASDAQ:RKLB)’s share price traded down 1.9% on Thursday following insider selling activity. The stock traded as low as $47.00 and last traded at $47.18. 19,215,856 shares were traded during trading, a decline of 5% from the average session volume of 20,276,279 shares. The stock had previously closed at $48.08.

Specifically, Director Matthew Ocko sold 1,873,097 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the transaction, the director owned 541,526 shares of the company’s stock, valued at $26,101,553.20. This represents a 77.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Arjun Kampani sold 9,416 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total value of $449,143.20. Following the transaction, the senior vice president directly owned 489,629 shares in the company, valued at $23,355,303.30. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In other news, SVP Arjun Kampani sold 31,185 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the transaction, the senior vice president owned 499,045 shares of the company’s stock, valued at $24,438,233.65. This represents a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RKLB shares. KeyCorp increased their price objective on Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Stifel Nicolaus increased their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. The Goldman Sachs Group started coverage on Rocket Lab in a report on Monday, June 30th. They set a “neutral” rating and a $27.00 price objective on the stock. Citigroup reissued a “buy” rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Bank of America increased their price objective on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Rocket Lab has an average rating of “Moderate Buy” and an average price target of $42.27.

Rocket Lab Price Performance

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 market capitalization of $22.62 billion, a P/E ratio of -104.84 and a beta of 2.17. The firm has a 50-day moving average price of $46.06 and a 200 day moving average price of $31.75.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $144.50 million for the quarter, compared to the consensus estimate 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 for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Hedge Funds Weigh In On Rocket Lab

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its position in Rocket Lab by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 860 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in Rocket Lab during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC grew its position in Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC grew its position in Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.

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.