Merline Saintil Sells 15,000 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLB) Director Merline Saintil sold 15,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $65.00, for a total value of $975,000.00. Following the completion of the sale, the director owned 398,529 shares in the company, valued at $25,904,385. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Merline Saintil also recently made the following trade(s):

• On Thursday, December 4th, Merline Saintil sold 10,000 shares of Rocket Lab stock. The stock was sold at an average price of $48.00, for a total value of $480,000.00.

Rocket Lab Trading Up 0.1%

Shares of Rocket Lab stock traded up $0.08 during midday trading on Tuesday, reaching $55.49. The company had a trading volume of 22,333,315 shares, compared to its average volume of 20,774,986. The stock has a fifty day moving average price of $54.74 and a 200 day moving average price of $46.60. Rocket Lab Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $73.97. The firm has a market cap of $29.64 billion, a PE ratio of -146.03 and a beta of 2.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The company’s revenue was up 48.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) EPS. On average, equities analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on RKLB. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Morgan Stanley reduced their price target on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. KeyCorp increased their price objective on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, Bank of America raised their target price on Rocket Lab from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RKLB. Wilmington Savings Fund Society FSB bought a new position in Rocket Lab during the third quarter valued at about $25,000. Hara Capital LLC purchased a new position in Rocket Lab in the third quarter valued at about $25,000. UMB Bank n.a. grew its position in shares of Rocket Lab by 352.5% during the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock valued at $26,000 after acquiring an additional 423 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Rocket Lab during the 3rd quarter worth approximately $27,000. Finally, Financial Consulate Inc. purchased a new position in shares of Rocket Lab during the 3rd quarter valued at $35,000. Institutional investors own 71.78% of the company’s stock.

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.