Rocket Lab (NASDAQ:RKLB) Trading Down 1.6% After Insider Selling

Rocket Lab Corporation (NASDAQ:RKLB)’s share price fell 1.6% during trading on Wednesday following insider selling activity. The stock traded as low as $41.38 and last traded at $41.93. 10,816,556 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 20,695,592 shares. The stock had previously closed at $42.60.

Specifically, SVP Arjun Kampani sold 10,554 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $42.08, for a total transaction of $444,112.32. Following the sale, the senior vice president directly owned 450,460 shares in the company, valued at approximately $18,955,356.80. This represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank Klein sold 4,736 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $42.08, for a total value of $199,290.88. Following the transaction, the insider owned 1,269,487 shares of the company’s stock, valued at $53,420,012.96. This represents a 0.37% decrease in their position. The SEC filing for this sale provides additional information. In other news, CEO Peter Beck sold 18,857 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $40.65, for a total transaction of $766,537.05. Following the completion of the transaction, the chief executive officer owned 902,942 shares in the company, valued at approximately $36,704,592.30. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several analysts recently weighed in on RKLB shares. Roth Capital reiterated a “buy” rating and issued a $75.00 price objective on shares of Rocket Lab in a research report on Tuesday, November 11th. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Cantor Fitzgerald lifted their price target on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Morgan Stanley decreased their price objective on Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Finally, Wall Street Zen upgraded Rocket Lab from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.17.

Rocket Lab Stock Down 1.6%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.83 and a current ratio of 3.18. The stock’s fifty day simple moving average is $54.79 and its two-hundred day simple moving average is $44.00. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of -110.34 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current year.

Institutional Investors Weigh In On Rocket Lab

A number of institutional investors and hedge funds have recently modified their holdings of RKLB. Kingstone Capital Partners Texas LLC acquired a new position in Rocket Lab in the 2nd quarter worth approximately $192,918,000. Sender Co & Partners Inc. acquired a new stake in Rocket Lab during the 1st quarter valued at $621,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Rocket Lab by 44.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 992,777 shares of the rocket manufacturer’s stock valued at $35,512,000 after purchasing an additional 306,713 shares in the last quarter. McGuire Investment Group LLC lifted its holdings in shares of Rocket Lab by 91.3% in the second quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer’s stock valued at $7,015,000 after purchasing an additional 93,613 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock worth $38,057,000 after buying an additional 128,907 shares during the period. Institutional investors and hedge funds 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.