Insider Selling: Rocket Lab (NASDAQ:RKLB) CFO Sells $41,988,969.88 in Stock

Rocket Lab Corporation (NASDAQ:RKLB) CFO Adam Spice sold 874,588 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the transaction, the chief financial officer directly owned 2,057,889 shares of the company’s stock, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rocket Lab Price Performance

Shares of RKLB stock opened at $48.69 on Thursday. The firm has a market cap of $23.56 billion, a P/E ratio of -108.20 and a beta of 2.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. Rocket Lab Corporation has a 1-year low of $7.55 and a 1-year high of $55.17. The firm has a fifty day moving average of $46.55 and a two-hundred day moving average of $32.59.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.Rocket Lab’s revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. KeyCorp lifted their price target on shares of Rocket Lab from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Roth Capital reaffirmed a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Citigroup reaffirmed a “buy” rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Craig Hallum initiated coverage on shares of Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $42.27.

Institutional Trading of Rocket Lab

Several hedge funds have recently bought and sold shares of RKLB. Versant Capital Management Inc lifted its position in Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 860 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Rocket Lab in the 1st quarter valued at about $29,000. Farther Finance Advisors LLC lifted its position in Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC lifted its position in Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. 71.78% of the stock is currently owned by 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.