Arjun Kampani Sells 10,554 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLB) SVP Arjun Kampani sold 10,554 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $42.08, for a total value of $444,112.32. Following the transaction, the senior vice president directly owned 450,460 shares of the company’s stock, valued at approximately $18,955,356.80. The trade was a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, November 24th, Arjun Kampani sold 28,615 shares of Rocket Lab stock. The shares were sold at an average price of $40.65, for a total transaction of $1,163,199.75.
• On Wednesday, September 17th, Arjun Kampani sold 9,416 shares of Rocket Lab stock. The shares were sold at an average price of $47.70, for a total transaction of $449,143.20.
• On Tuesday, September 16th, Arjun Kampani sold 31,185 shares of Rocket Lab stock. The shares were sold at an average price of $48.97, for a total transaction of $1,527,129.45.

Rocket Lab Price Performance

Shares of NASDAQ RKLB traded down $0.67 during midday trading on Wednesday, reaching $41.93. 10,858,137 shares of the company were exchanged, compared to its average volume of 18,958,556. The stock’s 50-day moving average price is $54.79 and its 200-day moving average price is $44.00. The stock has a market cap of $22.40 billion, a P/E ratio of -110.34 and a beta of 2.16. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. Rocket Lab Corporation has a one year low of $14.71 and a one year high of $73.97.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.Rocket Lab’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on RKLB shares. Needham & Company LLC reiterated a “buy” rating and set a $63.00 target price on shares of Rocket Lab in a research report on Tuesday. Wall Street Zen upgraded shares of Rocket Lab from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 price objective (up previously from $65.00) on shares of Rocket Lab in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald upped their price target on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.17.

Hedge Funds Weigh In On Rocket Lab

Several institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in shares of Rocket Lab by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock valued at $420,000 after acquiring an additional 1,749 shares in the last quarter. CWM LLC grew its holdings in Rocket Lab by 50.9% in the first quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer’s stock worth $142,000 after purchasing an additional 2,678 shares during the period. AE Wealth Management LLC bought a new stake in Rocket Lab in the first quarter valued at $183,000. Cetera Investment Advisers raised its holdings in shares of Rocket Lab by 70.4% during the first quarter. Cetera Investment Advisers now owns 53,021 shares of the rocket manufacturer’s stock valued at $948,000 after purchasing an additional 21,902 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Rocket Lab by 51.4% during the 1st quarter. LPL Financial LLC now owns 378,208 shares of the rocket manufacturer’s stock worth $6,762,000 after purchasing an additional 128,335 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

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.