Key Points
- Rocket Lab CFO Adam Spice sold 140,157 shares for about $7.4 million at an average $52.79 per share. The transaction was made under a pre-arranged Rule 10b5-1 plan, and he retained 1,155,967 shares.
- Analysts have a consensus “Moderate Buy” rating and an average price target of $102.05, though ratings range from sell to strong buy.
- In its latest reported quarter, Rocket Lab’s revenue of $234.1 million exceeded expectations, while its loss of $0.08 per share was wider than analysts’ forecast.
Rocket Lab Corporation (NASDAQ:RKLB - Get Free Report) Director Nina Armagno sold 10,926 shares of the firm's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $52.78, for a total value of $576,674.28. Following the sale, the director owned 100,496 shares in the company, valued at $5,304,178.88. The trade was a 9.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rocket Lab Trading Up 4.5%
Shares of RKLB stock opened at $54.43 on Wednesday. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $63.54 and a two-hundred day moving average price of $79.57. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00. The firm has a market cap of $32.57 billion, a P/E ratio of -201.59 and a beta of 3.15.
Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted 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). The firm had revenue of $234.07 million during the quarter, compared to analysts' expectations of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. Equities analysts anticipate that Rocket Lab Corporation will post -0.20 EPS for the current fiscal year.
Rocket Lab News Roundup
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab successfully completed its 99th Electron mission, deploying an Earth-imaging satellite for Japan’s iQPS. The flight reinforces Electron’s launch reliability and operating track record. Mission Success: Rocket Lab Launches 99th Electron Mission
- Positive Sentiment: Recent coverage highlights that Space Systems generates substantially more revenue than launch services, while the Iridium deal could broaden Rocket Lab’s growth opportunity. A record backlog and rising revenue also support the longer-term outlook. Rocket Lab’s Space Systems Division Dwarfs Launch Revenue
- Positive Sentiment: NASA has cited Rocket Lab as a potential launch provider for future commercial space-station missions. That could open another market as the International Space Station approaches retirement, although Neutron is central to the opportunity. Rocket Lab Is Emerging As A Key Launch Option For Commercial Stations
- Neutral Sentiment: Neutron is viewed as a potential catalyst that could materially change Rocket Lab’s growth outlook, but it has not flown yet. One analyst expects its debut in late fiscal Q2 2027 and says the delay does not undermine the investment case. Analyst Sticks to Target Despite Neutron Setback
- Negative Sentiment: Globalstar raised concerns that Rocket Lab’s supplier relationship could give it an incentive to favor Iridium, creating potential commercial and regulatory friction around the deal. Iridium Deal Draws Globalstar Concerns
- Negative Sentiment: Other commentary warns that cash burn, elevated valuation and sensitivity to borrowing costs could keep the stock volatile. A separate investor cautioned that turbulence may continue, while coverage also flagged a planned $7.7 million CFO share sale. Rocket Lab Cash Burn and Earnings Preview
Analysts Set New Price Targets
A number of analysts recently weighed in on RKLB shares. Berenberg Bank initiated coverage on Rocket Lab in a research report on Wednesday, September 2nd. They issued a "buy" rating and a $83.00 target price for the company. Piper Sandler began coverage on shares of Rocket Lab in a research report on Wednesday, July 15th. They set a "neutral" rating and a $83.00 price target on the stock. Citigroup reiterated a "market outperform" rating on shares of Rocket Lab in a research report on Friday, October 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rocket Lab in a research note on Thursday, October 15th. Finally, Raymond James Financial began coverage on shares of Rocket Lab in a report on Friday, September 11th. They issued an "outperform" rating and a $80.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.05.
Read Our Latest Stock Report on Rocket Lab
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Highland Investment Advisors LLC bought a new stake in shares of Rocket Lab during the 2nd quarter valued at $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Rocket Lab in the 2nd quarter worth about $30,000. NBH Bank purchased a new stake in shares of Rocket Lab in the 2nd quarter worth about $30,000. Cherry Tree Wealth Management LLC bought a new position in shares of Rocket Lab in the 2nd quarter worth about $32,000. Finally, Hilton Head Capital Partners LLC increased its stake in shares of Rocket Lab by 3,590.0% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 369 shares of the rocket manufacturer's stock worth $26,000 after acquiring an additional 359 shares in the last quarter. 71.78% of the stock is owned by institutional investors.
About Rocket Lab
(
Get Free Report)
Rocket Lab USA, Inc is a space and defense company that develops and operates launch vehicles, spacecraft, satellite components and related space systems. The company serves government, commercial and scientific customers seeking access to orbit and other space-based capabilities.
Rocket Lab's launch business is centered on Electron, a small orbital launch vehicle designed to carry satellites and other payloads into low Earth orbit. The company also develops specialized launch and hypersonic test services through programs such as HASTE, while its Neutron vehicle is intended to provide larger payload capacity and support future commercial and government missions.
Through its space systems business, Rocket Lab produces satellite platforms, flight computers, power systems, solar cells, reaction wheels, separation systems, radios and other components used in spacecraft.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
