Arjun Kampani Sells 23,804 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLB) SVP Arjun Kampani sold 23,804 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $147.43, for a total transaction of $3,509,423.72. Following the sale, the senior vice president directly owned 352,705 shares in the company, valued at $51,999,298.15. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 27th, Arjun Kampani sold 70,000 shares of Rocket Lab stock. The stock was sold at an average price of $145.13, for a total value of $10,159,100.00.
• On Tuesday, May 26th, Arjun Kampani sold 28,668 shares of Rocket Lab stock. The stock was sold at an average price of $142.57, for a total value of $4,087,196.76.
• On Wednesday, March 4th, Arjun Kampani sold 23,711 shares of Rocket Lab stock. The shares were sold at an average price of $71.95, for a total value of $1,706,006.45.

Rocket Lab Stock Up 0.8%

Shares of RKLB stock opened at $123.32 on Wednesday. The stock’s 50-day simple moving average is $93.14 and its 200-day simple moving average is $76.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. The firm has a market capitalization of $71.37 billion, a PE ratio of -385.38 and a beta of 2.49. Rocket Lab Corporation has a fifty-two week low of $25.24 and a fifty-two week high of $151.00.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company’s revenue was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share. Equities analysts expect that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

More Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Negative Sentiment: RKLB is falling with the broader space group after weekend explosion news sparked renewed concern about launch risk and execution in the sector. Rocket Lab (RKLB) Loses 14.7% on Explosion News
• Negative Sentiment: Several insider sales were disclosed, including transactions by senior executives and a director, which can create near-term sentiment pressure even when sales are pre-planned. Rocket Lab (NASDAQ:RKLB) Insider Sells $513,345.00 in Stock
• Negative Sentiment: Commentary from multiple outlets says Rocket Lab may be vulnerable to a valuation reset as investors rotate away from high-flying space names ahead of the SpaceX IPO. Rocket Lab Stock Is Tumbling Today: What’s Happening?
• Neutral Sentiment: On the positive side, Rocket Lab continues to expand its Space Systems business, which now generates more revenue than Launch Services and supports the long-term growth case. How Is Rocket Lab Expanding Its Role Across Space Infrastructure?
• Neutral Sentiment: Analysts and market commentary still highlight Neutron, backlog growth, and Rocket Lab’s role in the broader commercial space buildout as longer-term catalysts. Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?

Hedge Funds Weigh In On Rocket Lab

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Rocket Lab by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after buying an additional 5,610,469 shares in the last quarter. Baillie Gifford & Co. grew its position in Rocket Lab by 47.2% during the fourth quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock valued at $1,245,317,000 after buying an additional 5,725,536 shares during the period. Capital World Investors increased its holdings in Rocket Lab by 12.0% in the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after buying an additional 1,738,623 shares in the last quarter. State Street Corp raised its position in shares of Rocket Lab by 1.0% in the fourth quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock worth $873,411,000 after acquiring an additional 120,652 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Rocket Lab by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer’s stock worth $626,605,000 after acquiring an additional 825,158 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RKLB shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research note on Tuesday, April 21st. Citizens Jmp boosted their target price on shares of Rocket Lab from $85.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of Rocket Lab in a report on Monday, April 20th. Zacks Research downgraded Rocket Lab from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Roth Mkm lifted their price objective on Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.19.

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.