Frank Klein Sells 36,768 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Corporation (NASDAQ:RKLBGet Free Report) insider Frank Klein sold 36,768 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $71.95, for a total value of $2,645,457.60. Following the sale, the insider directly owned 1,088,237 shares in the company, valued at approximately $78,298,652.15. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Frank Klein also recently made the following trade(s):

  • On Monday, March 2nd, Frank Klein sold 44,482 shares of Rocket Lab stock. The stock was sold at an average price of $69.59, for a total value of $3,095,502.38.
  • On Friday, January 2nd, Frank Klein sold 100,000 shares of Rocket Lab stock. The shares were sold at an average price of $72.95, for a total value of $7,295,000.00.

Rocket Lab Trading Down 2.7%

Rocket Lab stock opened at $70.00 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.08 and a quick ratio of 2.83. The stock has a market cap of $37.39 billion, a P/E ratio of -189.18 and a beta of 2.20. The firm’s 50 day moving average price is $77.61 and its 200-day moving average price is $61.76. Rocket Lab Corporation has a 1 year low of $14.71 and a 1 year high of $99.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aventura Private Wealth LLC purchased a new position in Rocket Lab during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Rocket Lab during the 4th quarter worth $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Rocket Lab during the fourth quarter valued at $28,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Rocket Lab during the fourth quarter valued at $29,000. Finally, Reflection Asset Management bought a new stake in shares of Rocket Lab in the fourth quarter valued at about $30,000. Institutional investors own 71.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RKLB shares. Roth Mkm restated a “buy” rating and issued a $75.00 price target on shares of Rocket Lab in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Thursday, January 22nd. Zacks Research downgraded Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Citizens Jmp restated a “market perform” rating on shares of Rocket Lab in a report on Friday, February 27th. Finally, Citigroup reiterated a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.92.

Read Our Latest Analysis on RKLB

Rocket Lab News Roundup

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

About Rocket Lab

(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.

Further Reading

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

Receive News & Ratings for Rocket Lab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Lab and related companies with MarketBeat.com's FREE daily email newsletter.