Rocket Lab (NASDAQ:RKLB) Trading Up 5.3% – Here’s What Happened

Shares of Rocket Lab Corporation (NASDAQ:RKLB) shot up 5.3% on Monday . The stock traded as high as $42.53 and last traded at $42.45. 19,981,513 shares were traded during trading, a decline of 4% from the average session volume of 20,782,313 shares. The stock had previously closed at $40.30.

Analysts Set New Price Targets

Several brokerages recently weighed in on RKLB. Roth Capital reiterated a “buy” rating and issued a $75.00 price objective on shares of Rocket Lab in a research report on Tuesday, November 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 target price (up from $65.00) on shares of Rocket Lab in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a report on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Finally, Robert W. Baird started coverage on Rocket Lab in a report on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $58.17.

Rocket Lab Trading Up 5.3%

The stock has a market cap of $22.68 billion, a PE ratio of -111.71 and a beta of 2.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.83 and a current ratio of 3.18. The business has a 50-day moving average of $55.01 and a 200 day moving average of $43.86.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $155.08 million for 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%. Rocket Lab’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. Equities research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total value of $449,143.20. Following the completion of the transaction, the senior vice president owned 489,629 shares in the company, valued at approximately $23,355,303.30. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Ocko sold 1,873,097 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares in the company, valued at approximately $26,101,553.20. This trade represents a 77.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Rocket Lab during the 3rd quarter worth about $25,000. Hara Capital LLC bought a new stake in Rocket Lab in the third quarter worth $25,000. UMB Bank n.a. increased its holdings 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 last quarter. Sound Income Strategies LLC bought a new position in shares of Rocket Lab in the third quarter valued at approximately $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

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.