Rocket Lab (NASDAQ:RKLB) SVP Sells $449,143.20 in Stock

Rocket Lab Corporation (NASDAQ:RKLB) SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total transaction of $449,143.20. Following the transaction, the senior vice president directly owned 489,629 shares of the company’s stock, valued at $23,355,303.30. This represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Arjun Kampani also recently made the following trade(s):

• On Tuesday, September 16th, Arjun Kampani sold 31,185 shares of Rocket Lab stock. The stock was sold at an average price of $48.97, for a total transaction of $1,527,129.45.

Rocket Lab Price Performance

Shares of NASDAQ RKLB opened at $47.79 on Friday. 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 company has a market capitalization of $22.91 billion, a PE ratio of -106.20 and a beta of 2.17. The firm has a fifty day simple moving average of $46.24 and a 200 day simple moving average of $31.94. Rocket Lab Corporation has a twelve month low of $7.13 and a twelve month high of $55.17.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in shares of 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 buying an additional 860 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 416 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in shares of Rocket Lab during the first quarter valued at about $29,000. Farther Finance Advisors LLC lifted its position in shares of Rocket Lab by 181.1% during 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 in the last quarter. Finally, Spectrum Wealth Counsel LLC lifted its position in shares of Rocket Lab by 100.0% during 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 in the last quarter. 71.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RKLB. Craig Hallum began coverage on shares of Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. KeyCorp raised their price target on shares of Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Roth Capital restated a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Finally, Citigroup reaffirmed a “buy” rating and issued a $50.00 price objective (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Rocket Lab presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.27.

About Rocket Lab

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.