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

Rocket Lab Corporation (NASDAQ:RKLB) insider Frank Klein sold 4,286 shares of the firm’s stock in a transaction 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 sale, the insider owned 1,316,005 shares in the company, valued at $62,799,758.60. This trade represents a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 16th, Frank Klein sold 45,535 shares of Rocket Lab stock. The stock was sold at an average price of $48.97, for a total value of $2,229,848.95.

Rocket Lab Price Performance

RKLB stock opened at $47.18 on Friday. Rocket Lab Corporation has a 52-week low of $7.00 and a 52-week high of $55.17. The stock’s fifty day simple moving average is $46.06 and its 200-day simple moving average is $31.75. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of -104.84 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same quarter last year, the business earned ($0.08) EPS. Rocket Lab’s revenue for the quarter was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. Equities research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RKLB. Versant Capital Management Inc raised its position in Rocket Lab 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 purchasing an additional 860 shares during the period. EverSource Wealth Advisors LLC raised its position in Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in Rocket Lab in the first quarter valued at about $29,000. Farther Finance Advisors LLC raised its position in Rocket Lab by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after purchasing an additional 1,226 shares during the period. Finally, Spectrum Wealth Counsel LLC raised its position in Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on RKLB. Bank of America raised 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. Roth Capital reaffirmed a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Rocket Lab in a research report on Wednesday, September 3rd. Craig Hallum started coverage on Rocket Lab in a research report on Monday, July 28th. They issued a “hold” rating and a $51.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on Rocket Lab in a research report on Monday, June 30th. They issued a “neutral” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Rocket Lab has a consensus rating of “Moderate Buy” and an average price target of $42.27.

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.