Rocket Lab (NASDAQ:RKLB) Insider Marvin Bradford Clevenger Sells 3,500 Shares

Rocket Lab Corporation (NASDAQ:RKLB) insider Marvin Bradford Clevenger sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $146.67, for a total value of $513,345.00. Following the transaction, the insider owned 473,975 shares of the company’s stock, valued at $69,517,913.25. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Marvin Bradford Clevenger also recently made the following trade(s):

• On Tuesday, May 26th, Marvin Bradford Clevenger sold 15,549 shares of Rocket Lab stock. The stock was sold at an average price of $142.57, for a total value of $2,216,820.93.

Rocket Lab Price Performance

Shares of Rocket Lab stock traded down $21.09 during midday trading on Monday, hitting $122.39. 37,110,857 shares of the company were exchanged, compared to its average volume of 24,218,211. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The firm has a market cap of $70.83 billion, a P/E ratio of -382.47 and a beta of 2.48. Rocket Lab Corporation has a 52 week low of $25.24 and a 52 week high of $151.00. The firm has a 50 day simple moving average of $92.13 and a 200-day simple moving average of $76.44.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The business had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.Rocket Lab’s revenue was up 63.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) EPS. Research analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RKLB shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target (up from $90.00) on shares of Rocket Lab in a report on Monday, April 20th. Roth Mkm raised their price target on Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 17th. Clear Str raised Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. Finally, Craig Hallum raised Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.19.

Institutional Investors Weigh In On Rocket Lab

Several hedge funds and other institutional investors have recently made changes to their positions in RKLB. Baillie Gifford & Co. increased its stake in shares of Rocket Lab by 47.2% in the 4th quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock valued at $1,245,317,000 after buying an additional 5,725,536 shares during the period. Vanguard Group Inc. increased its stake in shares of Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after buying an additional 5,610,469 shares during the period. Norges Bank acquired a new stake in shares of Rocket Lab in the 4th quarter valued at $341,036,000. Alliancebernstein L.P. increased its stake in shares of Rocket Lab by 818.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock valued at $104,929,000 after buying an additional 1,951,755 shares during the period. Finally, Capital World Investors increased its stake in shares of Rocket Lab by 12.0% in the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after buying an additional 1,738,623 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.

More Rocket Lab News

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

• Positive Sentiment: Some coverage remains constructive, pointing to Rocket Lab’s growing backlog, rising revenue, and the upcoming Neutron rocket debut as catalysts that could support long-term growth. Could Buying Rocket Lab Stock Today Set You Up for Life?
• Positive Sentiment: The broader commercial space market is expanding rapidly, with industry backlog now above $500 billion, which reinforces the long-term opportunity for Rocket Lab and other pure-play space companies. Commercial Space Just Crossed $500 Billion in Backlog and These 3 ETFs Own the Pure Play Names
• Neutral Sentiment: Analyst and media commentary continues to compare Rocket Lab with SpaceX, highlighting that the company is still seen as one of the better public ways to invest in the space economy, but this is more of a valuation debate than a near-term fundamental update. SpaceX vs. Rocket Lab: Which Space Stock Has More Room to Run?
• Neutral Sentiment: Market commentary suggests the space sector is undergoing a sharp valuation reset, with investors rotating out of high-flying names as the SpaceX IPO approaches, which is creating volatility across RKLB and peers. Examining the re-rating of RKLB, PL, and ASTS equities
• Negative Sentiment: Rocket Lab shares are being hit in sympathy with the broader space sector selloff, as investors worry that stretched valuations could compress further if SpaceX’s public listing draws capital away from smaller launch and satellite names. Space Sector Faces Reality Check: Rocket Lab (RKLB), Firefly and Redwire Plunge on Valuation Concerns

Rocket Lab Company Profile

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.