Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) SVP Arjun Kampani sold 88,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $107.98, for a total value of $9,502,240.00. Following the transaction, the senior vice president owned 264,705 shares in the company, valued at approximately $28,582,845.90. This trade represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Arjun Kampani also recently made the following trade(s):
- On Thursday, May 28th, Arjun Kampani sold 23,804 shares of Rocket Lab stock. The stock was sold at an average price of $147.43, for a total transaction of $3,509,423.72.
- On Wednesday, May 27th, Arjun Kampani sold 70,000 shares of Rocket Lab stock. The stock was sold at an average price of $145.13, for a total transaction of $10,159,100.00.
- On Tuesday, May 26th, Arjun Kampani sold 28,668 shares of Rocket Lab stock. The shares were sold at an average price of $142.57, for a total transaction of $4,087,196.76.
Rocket Lab Stock Performance
Shares of RKLB stock opened at $107.24 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The firm has a 50-day moving average of $105.58 and a 200-day moving average of $83.31. Rocket Lab Corporation has a one year low of $27.84 and a one year high of $151.00. The company has a market cap of $62.07 billion, a P/E ratio of -335.12 and a beta of 2.49.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Wells Fargo & Company started coverage on Rocket Lab in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $60.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, May 27th. Citizens Jmp upped their price objective on Rocket Lab from $85.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Finally, Roth Mkm raised their target price on Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rocket Lab currently has a consensus rating of “Moderate Buy” and an average target price of $102.76.
View Our Latest Analysis on Rocket Lab
Institutional Investors Weigh In On Rocket Lab
Several large investors have recently added to or reduced their stakes in RKLB. Aventura Private Wealth LLC purchased a new stake in Rocket Lab during the fourth quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Rocket Lab in the fourth quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Rocket Lab in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Rocket Lab during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.
More Rocket Lab News
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab is being added to the Nasdaq-100, a move that could bring steady institutional buying from passive funds and ETFs tracking the index. Why Rocket Lab’s Nasdaq-100 Moment Could Change the Story
- Positive Sentiment: The company passed a key SDA review, supporting the credibility of its space systems and defense business expansion. Rocket Lab (RKLB) Passes Key SDA Review As Nasdaq 100 Inclusion Reshapes Its Story
- Positive Sentiment: Recent commentary continues to highlight Rocket Lab’s strong fundamentals, including record quarterly revenue and a large backlog, which support the long-term growth narrative. Rocket Lab (RKLB) Stock Falls 30% Despite Record Q1 Results and Nasdaq-100 Entry
- Neutral Sentiment: Analyst and media commentary continues to frame RKLB as a high-growth space stock with meaningful upside, but also a relatively rich valuation after a sharp run. Price Prediction: Rocket Lab Will Hit $150 on This Date
- Negative Sentiment: SVP Arjun Kampani sold 88,000 shares worth about $9.5 million, and the insider sale has added to profit-taking concerns. Rocket Lab (NASDAQ:RKLB) SVP Sells 88,000 Shares
About Rocket Lab
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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