Rocket Lab (NASDAQ:RKLB) Insider Marvin Bradford Clevenger Sells 15,051 Shares

Rocket Lab Corporation (NASDAQ:RKLB) insider Marvin Bradford Clevenger sold 15,051 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $1,048,001.13. Following the completion of the transaction, the insider directly owned 458,924 shares in the company, valued at $31,954,878.12. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

Marvin Bradford Clevenger also recently made the following trade(s):

• On Thursday, May 28th, Marvin Bradford Clevenger sold 3,500 shares of Rocket Lab stock. The shares were sold at an average price of $146.67, for a total value of $513,345.00.

Rocket Lab Trading Down 1.1%

Shares of NASDAQ:RKLB opened at $66.18 on Thursday. The stock has a 50 day moving average of $79.45 and a 200 day moving average of $85.15. The company has a market cap of $39.60 billion, a PE ratio of -245.10 and a beta of 2.60. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%.The firm had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. As a group, equities research analysts expect that Rocket Lab Corporation will post -0.2 EPS for the current year.

Institutional Investors Weigh In On Rocket Lab

Several institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Rocket Lab by 114.0% during the first quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after acquiring an additional 92,849 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Rocket Lab by 1,812.1% in the 1st quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock valued at $658,000 after acquiring an additional 34,882 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Rocket Lab by 53.8% in the 1st quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after acquiring an additional 5,507 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Rocket Lab by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after purchasing an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Rocket Lab by 1.0% in the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after purchasing an additional 681 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Roth Capital set a $110.00 price objective on shares of Rocket Lab in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Friday, July 17th. KeyCorp reiterated an “overweight” rating on shares of Rocket Lab in a research note on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of Rocket Lab in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Rocket Lab from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus price target of $110.65.

More Rocket Lab News

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

• Positive Sentiment: Defense contract expands Rocket Lab’s backlog. Viasat selected Rocket Lab to build spacecraft buses for the U.S. Space Force’s Protected Tactical SATCOM-Global program. The initial “Swarm 1” award is part of Viasat’s $218.8 million prime contract and reinforces Rocket Lab’s growing role in government space infrastructure. Why Rocket Lab Could Outpace Viasat as Defense Space Spending Accelerates
• Positive Sentiment: Optical communications could broaden revenue opportunities. Rocket Lab’s optical communications terminals are being tested aboard KSAT’s Hyperion satellite, extending the company beyond launch services and into high-bandwidth satellite communications infrastructure. What Does Rocket Lab Gain From Its Optical Communications Role?
• Neutral Sentiment: Analysts remain broadly optimistic, but valuation is demanding. Coverage highlights strong revenue growth, a sizable backlog and multiple price targets well above the current trading level. However, Rocket Lab remains unprofitable, with high-growth expectations already reflected in its valuation. Is It Worth Investing in Rocket Lab Based on Wall Street’s Bullish Views?
• Negative Sentiment: Neutron delays are the main overhang. Reports warn that Rocket Lab’s medium-lift Neutron rocket debut could slip into 2027. A delay would postpone a major expected growth catalyst and prolong development spending, even though the company’s existing launch and space-systems businesses continue to expand. Peter Beck’s Neutron Rocket Could Slip to 2027
• Negative Sentiment: Technical and insider-selling concerns add pressure. The stock’s failed breakouts and position below key moving averages have encouraged bearish options strategies. Recent reports also point to significant open-market insider sales without corresponding purchases, which may weigh on investor confidence. Rocket Lab Stock Bear Put Spread

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.