Rocket Lab (NASDAQ:RKLB) Director Alexander Slusky Sells 100,000 Shares

Rocket Lab Corporation (NASDAQ:RKLB) Director Alexander Slusky sold 100,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total transaction of $11,808,000.00. Following the sale, the director owned 434,675 shares in the company, valued at $51,326,424. This trade represents a 18.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rocket Lab Stock Up 6.8%

RKLB stock opened at $132.55 on Friday. The company’s 50 day moving average price is $77.75 and its 200 day moving average price is $70.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. Rocket Lab Corporation has a fifty-two week low of $22.77 and a fifty-two week high of $133.18. The firm has a market capitalization of $75.48 billion, a price-to-earnings ratio of -414.22 and a beta of 2.30.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 63.4% compared to the same quarter last year. On average, equities research analysts anticipate that Rocket Lab Corporation will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RKLB. TD Cowen upped their target price on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Craig Hallum upgraded shares of Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Rocket Lab from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Wells Fargo & Company started coverage on shares of Rocket Lab in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of Rocket Lab in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.19.

Hedge Funds Weigh In On Rocket Lab

Hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in Rocket Lab in the third quarter valued at approximately $25,000. Hara Capital LLC purchased a new position in Rocket Lab in the third quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new position in Rocket Lab in the fourth quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in shares of Rocket Lab by 352.5% in the third 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. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Rocket Lab in the fourth quarter valued at approximately $27,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: Shares are benefiting from renewed investor confidence after a strong first-quarter report and follow-on analyst price target increases, which reinforced the view that Rocket Lab’s growth remains on track. Why Rocket Lab (RKLB) Stock Is Trading Up Today
• Positive Sentiment: Momentum is also being driven by optimism that Neutron launches later this year could open a larger addressable market and position Rocket Lab as a stronger competitor in medium-lift launches. Rocket Lab Stock Is Getting a Major Lift. Investors Are Betting on Its Neutron Launch Later This Year.
• Positive Sentiment: Investor sentiment improved further after Rocket Lab reported a $2.2 billion backlog and announced a new multi-launch deal, signaling healthy demand visibility. Rocket Lab Stock Jumps After $2.2B Backlog and New Multi-Launch Deal
• Positive Sentiment: The company is also expanding its defense-related relevance, including work tied to hypersonics, which could diversify revenue beyond satellite launches and support long-term growth. Anduril Hires Rocket Lab to Help It With Hypersonics
• Neutral Sentiment: Rocket Lab also registered shares for the Mynaric acquisition resale, a routine corporate filing that may matter strategically but is not an immediate operating catalyst. Rocket Lab Registers Shares for Mynaric Acquisition Resale
• Negative Sentiment: On the cautionary side, insider selling by a director may raise some concerns about valuation after the stock’s sharp run-up, even if it does not change the company’s fundamentals. Director Alexander R. Slusky transaction filing

Rocket Lab Company Profile

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.