Insider Selling: Rocket Companies (NYSE:RKT) Director Sells 2,500 Shares of Stock

Key Points

  • Matthew Rizik sold 2,500 shares on Jan. 9 at an average $22.78 — one of multiple 2,500‑share open‑market sales in Dec–Jan — trimming his ownership by 0.24% to 1,041,036 shares (≈$23.7M); the trades were disclosed in SEC filings.
  • The stock recently hit a three‑year high and a new daily 2x ETF (RKTL) was launched, which could amplify volume and volatility; analysts are split, with a consensus "Hold" and an average price target of about $20.50.

Rocket Companies, Inc. (NYSE:RKT - Get Free Report) Director Matthew Rizik sold 2,500 shares of the business's stock in a transaction on Friday, January 9th. The stock was sold at an average price of $22.78, for a total transaction of $56,950.00. Following the transaction, the director owned 1,041,036 shares in the company, valued at approximately $23,714,800.08. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Matthew Rizik also recently made the following trade(s):

  • On Monday, January 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $22.99, for a total transaction of $57,475.00.
  • On Wednesday, January 7th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $21.26, for a total transaction of $53,150.00.
  • On Monday, December 29th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.25, for a total transaction of $48,125.00.
  • On Friday, December 26th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.38, for a total transaction of $48,450.00.
  • On Wednesday, December 24th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.44, for a total value of $48,600.00.
  • On Monday, December 22nd, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.99, for a total value of $47,475.00.
  • On Friday, December 19th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.21, for a total value of $48,025.00.
  • On Wednesday, December 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.21, for a total value of $45,525.00.
  • On Friday, December 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.99, for a total value of $47,475.00.
  • On Wednesday, December 10th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.17, for a total transaction of $47,925.00.

Rocket Companies Price Performance




NYSE:RKT opened at $22.76 on Wednesday. The company has a market cap of $47.90 billion, a P/E ratio of 284.55 and a beta of 2.29. The firm's fifty day moving average price is $19.01 and its two-hundred day moving average price is $17.89. Rocket Companies, Inc. has a one year low of $10.41 and a one year high of $23.50. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. Rocket Companies's revenue was up 148.1% compared to the same quarter last year. Equities analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Key Stories Impacting Rocket Companies

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

  • Positive Sentiment: Media coverage highlights a big recent rally and a new 3‑year high after public discussion of a housing-affordability plan that investors view as favorable to mortgage originators. Rocket Stock Just Hit a New 3-Year High
  • Positive Sentiment: Defiance launched RKTL, a daily 2x long ETF that gives traders leveraged exposure to RKT — this can boost trading volume and amplify upside moves (and downside risk). Defiance Launches RKTL
  • Positive Sentiment: Technical/momentum note: recent intraday rallies (more than 10% on Friday) have left the shares consolidating — suggests traders are watching whether the breakout holds. Stock Of The Day: Will The Rocket Companies Breakout Hold?
  • Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $24 price target — implies modest upside from current levels and suggests analysts are taking a cautious stance. JPMorgan Initiates Coverage
  • Neutral Sentiment: Analyst commentary roundup shows mixed views; several firms are weighing the policy-driven optimism against execution and margin risks in mortgage origination/servicing. 8 Analysts Have This To Say About Rocket Companies
  • Negative Sentiment: Director Matthew Rizik reported two small open‑market sales (2,500 shares on Jan. 9 and 2,500 shares on Jan. 12). The amounts are tiny relative to his >1M holding, but insider sales can signal profit-taking and may weigh on sentiment. SEC Form 4 Filing

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RKT shares. Keefe, Bruyette & Woods increased their target price on Rocket Companies from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, December 18th. Jefferies Financial Group initiated coverage on Rocket Companies in a research report on Friday, December 19th. They set a "buy" rating and a $25.00 price objective on the stock. Barclays set a $22.00 target price on Rocket Companies and gave the stock an "equal weight" rating in a report on Tuesday, January 6th. Royal Bank Of Canada upped their price target on shares of Rocket Companies from $17.00 to $20.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Rocket Companies from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.50.

Get Our Latest Stock Analysis on RKT

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Dakota Wealth Management bought a new stake in Rocket Companies during the fourth quarter worth about $394,000. Sage Advisors LLC bought a new position in Rocket Companies in the 4th quarter valued at about $527,000. Baker Chad R acquired a new position in shares of Rocket Companies in the 4th quarter valued at approximately $1,926,000. E. Ohman J or Asset Management AB bought a new stake in shares of Rocket Companies during the 4th quarter worth approximately $441,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Rocket Companies by 226.9% during the 4th quarter. SG Americas Securities LLC now owns 179,436 shares of the company's stock worth $3,474,000 after acquiring an additional 124,549 shares during the period. Institutional investors own 4.59% of the company's stock.

Rocket Companies Company Profile

(Get Free Report)

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company's core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.

See Also

Insider Buying and Selling by Quarter for Rocket Companies (NYSE:RKT)

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