Insider Selling: Rocket Lab (NASDAQ:RKLB) Director Sells 100,000 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLB) Director Alexander Slusky sold 100,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total value of $11,808,000.00. Following the transaction, the director owned 434,675 shares of the company’s stock, valued at approximately $51,326,424. The trade was a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rocket Lab Price Performance

Shares of RKLB traded up $8.40 during trading hours on Thursday, reaching $132.55. 25,191,315 shares of the company’s stock traded hands, compared to its average volume of 27,335,332. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The firm’s 50 day simple moving average is $77.75 and its 200-day simple moving average is $70.44. The stock has a market cap of $75.48 billion, a PE ratio of -414.22 and a beta of 2.30. Rocket Lab Corporation has a 12 month low of $22.77 and a 12 month high of $133.18.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. Rocket Lab’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. Equities analysts expect that Rocket Lab Corporation will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RKLB shares. New Street Research started coverage on shares of Rocket Lab in a report on Wednesday. They set a “buy” rating and a $150.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. Bank of America increased their price objective on shares of Rocket Lab from $60.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Needham & Company LLC upped their target price on shares of Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley upgraded shares of Rocket Lab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $67.00 to $105.00 in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Rocket Lab News Roundup

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Investors are still rewarding Rocket Lab for its Q1 beat and strong outlook, with traders pointing to record revenue growth, a large backlog, and raised analyst price targets as key reasons the stock is extending its rally. Rocket Lab (RKLB) Stock Trades Up, Here Is Why
• Positive Sentiment: The company’s Q1 revenue rose sharply year over year, and its guidance for the next quarter came in above expectations, reinforcing the view that Rocket Lab’s growth story is still accelerating. Space Stocks Jump As SpaceX, Google Explore Orbital Data Center Deal
• Positive Sentiment: Rocket Lab is also benefiting from investor excitement around its Neutron launch vehicle and broader demand for hypersonics and defense-related work, which could expand the company beyond small satellite launches. Rocket Lab Stock Is Getting a Major Lift. Investors Are Betting on Its Neutron Launch Later This Year.
• Positive Sentiment: New business momentum remains a tailwind, including a reported backlog of about $2.2 billion and a new multi-launch deal, which suggest demand for Rocket Lab’s services is staying strong. Rocket Lab Stock Jumps After $2.2B Backlog and New Multi-Launch Deal
• Neutral Sentiment: Rocket Lab also announced a $40 million cash acquisition and registered shares tied to the Mynaric deal, which expands its space systems footprint but may create short-term dilution or integration questions. Rocket Lab Buys a Rival for $40 Million Cash
• Neutral Sentiment: Broader sector enthusiasm is also helping, as space stocks continue to rally on speculation around a possible SpaceX IPO and renewed interest in the space economy. Rocket Lab Leads Space Rally With 57% Gain Following SpaceX IPO Report

Hedge Funds Weigh In On Rocket Lab

Several hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Rocket Lab during the third quarter worth $25,000. Hara Capital LLC bought a new stake in Rocket Lab in the 3rd quarter valued at $25,000. Aventura Private Wealth LLC purchased a new stake in Rocket Lab in the 4th quarter worth $25,000. UMB Bank n.a. lifted its stake in Rocket Lab by 352.5% in the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Rocket Lab during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.