Rocket Lab (NASDAQ:RKLB) SVP Arjun Kampani Sells 28,615 Shares of Stock

Rocket Lab Corporation (NASDAQ:RKLB) SVP Arjun Kampani sold 28,615 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $40.65, for a total value of $1,163,199.75. Following the transaction, the senior vice president directly owned 461,014 shares in the company, valued at $18,740,219.10. This represents a 5.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arjun Kampani also recently made the following trade(s):

• On Wednesday, September 17th, Arjun Kampani sold 9,416 shares of Rocket Lab stock. The stock was sold at an average price of $47.70, for a total value of $449,143.20.
• On Tuesday, September 16th, Arjun Kampani sold 31,185 shares of Rocket Lab stock. The shares were sold at an average price of $48.97, for a total value of $1,527,129.45.

Rocket Lab Price Performance

RKLB stock traded up $0.15 during midday trading on Tuesday, reaching $42.60. The company had a trading volume of 10,534,502 shares, compared to its average volume of 19,018,756. The firm has a 50-day moving average price of $54.91 and a 200-day moving average price of $44.01. 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 company has a market capitalization of $22.76 billion, a P/E ratio of -112.11 and a beta of 2.16. Rocket Lab Corporation has a 1 year low of $14.71 and a 1 year high of $73.97.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data 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 analysts’ expectations of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.Rocket Lab’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RKLB shares. Citigroup reiterated a “market perform” rating on shares of Rocket Lab in a report on Wednesday, November 12th. 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 price target on the stock. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. KeyCorp upped their price objective on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.17.

Institutional Investors Weigh In On Rocket Lab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in Rocket Lab by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock worth $420,000 after purchasing an additional 1,749 shares during the period. CWM LLC raised its stake in Rocket Lab by 50.9% during the 1st quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer’s stock worth $142,000 after acquiring an additional 2,678 shares during the period. AE Wealth Management LLC purchased a new position in Rocket Lab during the first quarter valued at approximately $183,000. Cetera Investment Advisers boosted its position in shares of Rocket Lab by 70.4% in the first quarter. Cetera Investment Advisers now owns 53,021 shares of the rocket manufacturer’s stock worth $948,000 after purchasing an additional 21,902 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Rocket Lab by 51.4% in the first quarter. LPL Financial LLC now owns 378,208 shares of the rocket manufacturer’s stock worth $6,762,000 after purchasing an additional 128,335 shares in the last quarter. 71.78% of the stock is currently 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.