Insider Selling: Rocket Lab (NASDAQ:RKLB) CFO Sells $1,920,174.84 in Stock

Rocket Lab Corporation (NASDAQ:RKLB) CFO Adam Spice sold 46,994 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $40.86, for a total value of $1,920,174.84. Following the completion of the sale, the chief financial officer directly owned 1,995,373 shares of the company’s stock, valued at $81,530,940.78. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $41.93 on Friday. The firm’s fifty day simple moving average is $54.69 and its 200-day simple moving average is $43.99. Rocket Lab Corporation has a 12 month low of $14.71 and a 12 month high of $73.97. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of -110.34 and a beta of 2.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data 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. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The company had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. During the same period last year, the firm posted ($0.10) EPS. Rocket Lab’s revenue for the quarter was up 48.0% on a year-over-year basis. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Rocket Lab

A number of institutional investors and hedge funds have recently made changes to their positions in RKLB. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rocket Lab in the third quarter valued at about $25,000. Hara Capital LLC purchased a new position in Rocket Lab in the third quarter valued at about $25,000. UMB Bank n.a. lifted its position 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 period. Sound Income Strategies LLC purchased a new stake in shares of Rocket Lab during the 3rd quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Rocket Lab by 109.5% in 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 period. 71.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RKLB has been the subject of a number of recent research reports. Bank of America increased their price objective on Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Morgan Stanley lowered their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th. Robert W. Baird assumed coverage on shares of Rocket Lab in a research note on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price objective on the stock. Cantor Fitzgerald raised their target price on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $63.00 price target on shares of Rocket Lab in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.