Merline Saintil Sells 5,000 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLBGet Free Report) Director Merline Saintil sold 5,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the director owned 388,529 shares of the company’s stock, valued at approximately $25,254,385. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Merline Saintil also recently made the following trade(s):

  • On Wednesday, December 17th, Merline Saintil sold 5,000 shares of Rocket Lab stock. The shares were sold at an average price of $54.46, for a total value of $272,300.00.
  • On Friday, December 12th, Merline Saintil sold 15,000 shares of Rocket Lab stock. The stock was sold at an average price of $65.00, for a total value of $975,000.00.
  • On Thursday, December 4th, Merline Saintil sold 10,000 shares of Rocket Lab stock. The shares were sold at an average price of $48.00, for a total value of $480,000.00.

Rocket Lab Trading Down 0.5%

NASDAQ:RKLB opened at $77.18 on Wednesday. The company has a market cap of $41.23 billion, a P/E ratio of -203.11 and a beta of 2.20. Rocket Lab Corporation has a twelve month low of $14.71 and a twelve month high of $79.18. The business has a 50 day moving average price of $54.93 and a two-hundred day moving average price of $48.03. 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 (NASDAQ:RKLBGet Free Report) last announced its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $155.08 million for the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Rocket Lab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RKLB. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rocket Lab during the 3rd quarter worth about $25,000. Hara Capital LLC acquired a new position in Rocket Lab in the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its holdings in Rocket Lab by 352.5% in the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock valued at $26,000 after acquiring an additional 423 shares during the period. Sound Income Strategies LLC acquired a new stake in Rocket Lab during the third quarter worth approximately $27,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares during the period. 71.78% of the stock is owned by institutional investors.

More Rocket Lab News

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup reissued a “market perform” rating on shares of Rocket Lab in a research report on Wednesday, November 12th. KeyCorp increased their price objective on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Rocket Lab in a report on Wednesday, December 3rd. Stifel Nicolaus increased their price target on shares of Rocket Lab from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday. Finally, Morgan Stanley decreased their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus price target of $61.25.

View Our Latest Stock Analysis on Rocket Lab

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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Insider Buying and Selling by Quarter for Rocket Lab (NASDAQ:RKLB)

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