Rocket Lab (NASDAQ:RKLB) CFO Adam Spice Sells 15,633 Shares

Rocket Lab Corporation (NASDAQ:RKLB) CFO Adam Spice sold 15,633 shares of the business’s stock in a transaction dated Saturday, November 22nd. The shares were sold at an average price of $40.02, for a total value of $625,632.66. Following the completion of the transaction, the chief financial officer owned 2,042,367 shares in the company, valued at $81,735,527.34. This trade represents a 0.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Rocket Lab Stock Performance

RKLB stock traded up $0.15 during midday trading on Tuesday, hitting $42.60. 10,534,502 shares of the company traded hands, compared to its average volume of 19,018,756. Rocket Lab Corporation has a twelve month low of $14.71 and a twelve month high of $73.97. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of -112.11 and a beta of 2.16. The business has a 50 day simple moving average of $54.91 and a 200-day simple moving average of $44.01.

Rocket Lab (NASDAQ:RKLB) last posted 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 quarterly revenue was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($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 year.

Wall Street Analyst Weigh In

RKLB has been the subject of a number of research reports. Citigroup reiterated a “market perform” rating on shares of Rocket Lab in a report on Wednesday, November 12th. Robert W. Baird initiated coverage on shares of Rocket Lab in a report on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 target price on the stock. Wall Street Zen upgraded shares of Rocket Lab from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Roth Capital restated a “buy” rating and issued a $75.00 price target on shares of Rocket Lab in a research note on Tuesday, November 11th. Finally, Craig Hallum began coverage on shares of Rocket Lab in a report on Monday, July 28th. They set a “hold” rating and a $51.00 target price on the stock. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.17.

Institutional Investors Weigh In On Rocket Lab

A number of institutional investors and hedge funds have recently bought and sold shares of RKLB. Baillie Gifford & Co. grew its stake 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 purchasing an additional 7,734,788 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Rocket Lab in the second quarter valued at approximately $192,918,000. Norges Bank purchased a new position in Rocket Lab in the second quarter worth $164,751,000. Vanguard Group Inc. lifted its position in Rocket Lab by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock worth $715,728,000 after buying an additional 3,833,969 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Rocket Lab by 67.0% during the 2nd quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock valued at $223,287,000 after purchasing an additional 2,504,054 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.