Rocket Lab (NASDAQ:RKLB) Insider Frank Klein Sells 44,390 Shares

Rocket Lab Corporation (NASDAQ:RKLB) insider Frank Klein sold 44,390 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the sale, the insider directly owned 1,043,847 shares in the company, valued at $148,821,266.79. This trade represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Frank Klein also recently made the following trade(s):

• On Wednesday, March 4th, Frank Klein sold 36,768 shares of Rocket Lab stock. The shares were sold at an average price of $71.95, for a total transaction of $2,645,457.60.
• On Monday, March 2nd, Frank Klein sold 44,482 shares of Rocket Lab stock. The shares were sold at an average price of $69.59, for a total transaction of $3,095,502.38.

Rocket Lab Trading Down 1.5%

Rocket Lab stock opened at $148.03 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. Rocket Lab Corporation has a one year low of $25.24 and a one year high of $151.00. The stock has a market capitalization of $85.67 billion, a PE ratio of -462.59 and a beta of 2.30. The business’s fifty day moving average is $90.65 and its 200 day moving average is $75.80.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company had revenue of $200.35 million for the quarter, compared to analysts’ expectations of $189.65 million. During the same period last year, the firm posted ($0.12) earnings per share. Rocket Lab’s revenue was up 63.4% compared to the same quarter last year. On average, sell-side analysts predict that Rocket Lab Corporation will post -0.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RKLB. Sara Bay Financial boosted its holdings in shares of Rocket Lab by 0.7% in the 4th quarter. Sara Bay Financial now owns 15,905 shares of the rocket manufacturer’s stock worth $1,121,000 after purchasing an additional 117 shares during the period. ORG Partners LLC lifted its position in Rocket Lab by 9.1% in the fourth quarter. ORG Partners LLC now owns 1,458 shares of the rocket manufacturer’s stock worth $102,000 after buying an additional 121 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in Rocket Lab by 7.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock worth $120,000 after buying an additional 124 shares during the last quarter. Sovereign Financial Group Inc. lifted its position in Rocket Lab by 3.9% in the first quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock worth $213,000 after buying an additional 125 shares during the last quarter. Finally, Traynor Capital Management Inc. boosted its holdings in Rocket Lab by 1.9% during the 4th quarter. Traynor Capital Management Inc. now owns 7,191 shares of the rocket manufacturer’s stock valued at $502,000 after acquiring an additional 133 shares during the period. Institutional investors own 71.78% of the company’s stock.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab continues to benefit from a major defense-contract milestone, with its SDA missile defense work reportedly passing key requirements and helping push total defense awards above $1.3 billion. Rocket Lab Hits Key SDA Milestone, Expands Defense Footprint
• Positive Sentiment: Investor enthusiasm for the broader space trade remains strong, fueled by SpaceX IPO buzz that has lifted peer valuations and kept attention on Rocket Lab as one of the public-market beneficiaries of the theme. Is Rocket Lab Corporation (RKLB) Among the Best Space Stocks to Buy According to Reddit and Social Media?
• Positive Sentiment: Recent coverage also pointed to Rocket Lab’s growing defense footprint and improving revenue momentum, reinforcing the bull case that the company is scaling into a more meaningful space-defense contractor. Rocket Lab (RKLB) Stock Soars as Defense Contracts Surpass $1.3 Billion Milestone
• Neutral Sentiment: Rocket Lab also drew a technical boost from the “SpaceX IPO wave,” as traders rotated into space names on speculation that SpaceX’s public debut could re-rate the sector. The $90 Million Reason Rocket Lab Is Flying Higher Today
• Negative Sentiment: However, a cluster of insider sales disclosed this week could weigh on sentiment, even though the trades were tied to equity vesting and tax withholding under pre-arranged 10b5-1 plans. Arjun Kampani Insider Trading Activity
• Negative Sentiment: Blue Origin’s New Glenn hotfire test failure also briefly pressured space stocks, with Rocket Lab reportedly down as investors reassessed risk across the sector after the incident. Blue Origin New Glenn Rocket Erupts in Flames During Hotfire Test at Cape Canaveral

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RKLB shares. Citizens Jmp increased their price objective on Rocket Lab from $85.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Needham & Company LLC increased their target price on Rocket Lab from $95.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 11th. Wall Street Zen raised Rocket Lab from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Finally, New Street Research assumed coverage on shares of Rocket Lab in a research note on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.19.

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.