Rocket Lab (NASDAQ:RKLB) Insider Frank Klein Sells 41,782 Shares

Rocket Lab Corporation (NASDAQ:RKLB) insider Frank Klein sold 41,782 shares of Rocket Lab stock in a transaction on Monday, November 24th. The stock was sold at an average price of $40.65, for a total transaction of $1,698,438.30. Following the completion of the transaction, the insider directly owned 1,274,223 shares in the company, valued at approximately $51,797,164.95. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frank Klein also recently made the following trade(s):

• On Wednesday, September 17th, Frank Klein sold 4,286 shares of Rocket Lab stock. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92.
• On Tuesday, September 16th, Frank Klein sold 45,535 shares of Rocket Lab stock. The stock was sold at an average price of $48.97, for a total transaction of $2,229,848.95.

Rocket Lab Stock Performance

Shares of NASDAQ RKLB traded up $0.15 during midday trading on Tuesday, hitting $42.60. 10,534,502 shares of the company’s stock traded hands, compared to its average volume of 19,018,756. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.83 and a current ratio of 3.18. Rocket Lab Corporation has a 1 year low of $14.71 and a 1 year high of $73.97. The firm has a fifty day moving average of $54.91 and a 200 day moving average of $44.01. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of -112.11 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. On average, analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Rocket Lab during the 3rd quarter worth approximately $25,000. Hara Capital LLC acquired a new position in Rocket Lab in the third quarter valued at $25,000. UMB Bank n.a. grew its stake 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 buying an additional 423 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Rocket Lab in the 3rd quarter worth $27,000. Finally, EverSource Wealth Advisors LLC grew its position in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after acquiring an additional 416 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RKLB has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $63.00 target price on shares of Rocket Lab in a research report on Tuesday. Craig Hallum initiated coverage on Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 price objective on the stock. KeyCorp upped their target price on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Morgan Stanley lowered their price target on Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.17.

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.