Peter Beck Sells 18,857 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLB) CEO Peter Beck sold 18,857 shares of Rocket Lab stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $40.65, for a total transaction of $766,537.05. Following the transaction, the chief executive officer directly owned 902,942 shares in the company, valued at $36,704,592.30. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Peter Beck also recently made the following trade(s):

• On Tuesday, September 16th, Peter Beck sold 1,436,442 shares of Rocket Lab stock. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50.
• On Monday, September 15th, Peter Beck sold 1,063,558 shares of Rocket Lab stock. The shares were sold at an average price of $54.00, for a total transaction of $57,432,132.00.

Rocket Lab Trading Up 0.4%

RKLB traded up $0.15 during trading hours on Tuesday, reaching $42.60. The company’s stock had a trading volume of 10,534,502 shares, compared to its average volume of 19,018,756. The stock has a market cap of $22.76 billion, a PE ratio of -112.11 and a beta of 2.16. Rocket Lab Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $73.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83. The business’s 50-day moving average is $54.91 and its 200-day moving average is $44.01.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS 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 the consensus estimate of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The company’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Rocket Lab

Several institutional investors and hedge funds have recently bought and sold shares of RKLB. Baillie Gifford & Co. increased its position in Rocket Lab by 176.1% in the 3rd quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock valued at $580,952,000 after acquiring an additional 7,734,788 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Rocket Lab in the second quarter valued at approximately $192,918,000. Norges Bank acquired a new position in shares of Rocket Lab in the second quarter valued at approximately $164,751,000. Vanguard Group Inc. raised its stake in shares of Rocket Lab by 10.6% during the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock worth $715,728,000 after purchasing an additional 3,833,969 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Rocket Lab by 67.0% during the second quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock worth $223,287,000 after purchasing an additional 2,504,054 shares during the period. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price target (up from $65.00) on shares of Rocket Lab in a research report on Tuesday, November 11th. Needham & Company LLC reiterated a “buy” rating and issued a $63.00 price objective on shares of Rocket Lab in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Bank of America raised their price objective on shares of Rocket Lab from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Finally, Morgan Stanley reduced their target price on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.17.

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.