Frank Klein Sells 45,692 Shares of Rocket Lab (NASDAQ:RKLB) Stock

by · The Markets Daily

Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) insider Frank Klein sold 45,692 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $3,181,533.96. Following the sale, the insider owned 961,295 shares of the company’s stock, valued at approximately $66,934,970.85. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Thursday, May 28th, Frank Klein sold 36,860 shares of Rocket Lab stock. The stock was sold at an average price of $147.42, for a total value of $5,433,901.20.

Rocket Lab Price Performance

Shares of NASDAQ RKLB traded down $0.73 during mid-day trading on Wednesday, reaching $66.18. The company had a trading volume of 10,986,209 shares, compared to its average volume of 18,443,292. The firm has a market cap of $39.60 billion, a price-to-earnings ratio of -245.10 and a beta of 2.60. The business’s 50-day simple moving average is $79.45 and its 200 day simple moving average is $85.15. Rocket Lab Corporation has a one year low of $37.57 and a one year high of $151.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48.

Rocket Lab (NASDAQ:RKLB – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $231.62 million. On average, research analysts predict that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rocket Lab

Several hedge funds have recently added to or reduced their stakes in RKLB. Swedbank AB lifted its position in shares of Rocket Lab by 8.2% during the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock valued at $35,525,000 after acquiring an additional 38,770 shares during the period. Vanguard Group Inc. grew its holdings in Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after purchasing an additional 5,610,469 shares during the period. BlackRock Inc. acquired a new stake in Rocket Lab in the second quarter worth $4,124,970,000. Katamaran Capital LLP increased its stake in Rocket Lab by 86.2% in the first quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock valued at $1,272,000 after purchasing an additional 9,172 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Rocket Lab by 6.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock valued at $180,849,000 after purchasing an additional 154,623 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RKLB has been the topic of a number of recent analyst reports. BTIG Research reissued a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. KGI Securities upgraded Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Monday, July 27th. Citigroup reaffirmed a “market outperform” rating on shares of Rocket Lab in a report on Tuesday, July 28th. Morgan Stanley reiterated an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Finally, Wall Street Zen cut Rocket Lab from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.65.

Get Our Latest Analysis on Rocket Lab

Key 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

(Get Free Report)

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.

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