Rocket Lab (NASDAQ:RKLB) Director Alexander Slusky Sells 60,000 Shares

Rocket Lab Corporation (NASDAQ:RKLB) Director Alexander Slusky sold 60,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $149.40, for a total value of $8,964,000.00. Following the completion of the sale, the director directly owned 374,675 shares of the company’s stock, valued at $55,976,445. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Rocket Lab Stock Performance

Shares of Rocket Lab stock traded down $21.09 during midday trading on Monday, hitting $122.39. The company had a trading volume of 37,110,857 shares, compared to its average volume of 24,218,211. Rocket Lab Corporation has a 1-year low of $25.24 and a 1-year high of $151.00. The business’s 50 day simple moving average is $92.13 and its two-hundred day simple moving average is $76.44. The stock has a market cap of $70.83 billion, a PE ratio of -382.47 and a beta of 2.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business’s revenue was up 63.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) EPS. As a group, equities analysts predict that Rocket Lab Corporation will post -0.29 EPS for the current fiscal year.

Rocket Lab News Roundup

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

• Positive Sentiment: Some coverage remains constructive, pointing to Rocket Lab’s growing backlog, rising revenue, and the upcoming Neutron rocket debut as catalysts that could support long-term growth. Could Buying Rocket Lab Stock Today Set You Up for Life?
• Positive Sentiment: The broader commercial space market is expanding rapidly, with industry backlog now above $500 billion, which reinforces the long-term opportunity for Rocket Lab and other pure-play space companies. Commercial Space Just Crossed $500 Billion in Backlog and These 3 ETFs Own the Pure Play Names
• Neutral Sentiment: Analyst and media commentary continues to compare Rocket Lab with SpaceX, highlighting that the company is still seen as one of the better public ways to invest in the space economy, but this is more of a valuation debate than a near-term fundamental update. SpaceX vs. Rocket Lab: Which Space Stock Has More Room to Run?
• Neutral Sentiment: Market commentary suggests the space sector is undergoing a sharp valuation reset, with investors rotating out of high-flying names as the SpaceX IPO approaches, which is creating volatility across RKLB and peers. Examining the re-rating of RKLB, PL, and ASTS equities
• Negative Sentiment: Rocket Lab shares are being hit in sympathy with the broader space sector selloff, as investors worry that stretched valuations could compress further if SpaceX’s public listing draws capital away from smaller launch and satellite names. Space Sector Faces Reality Check: Rocket Lab (RKLB), Firefly and Redwire Plunge on Valuation Concerns

Analysts Set New Price Targets

Several research firms have recently issued reports on RKLB. Zacks Research downgraded shares of Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Roth Mkm boosted their price objective on shares of Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Rocket Lab in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Rocket Lab from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Wells Fargo & Company began coverage on shares of Rocket Lab in a report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rocket Lab has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Hedge Funds Weigh In On Rocket Lab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aventura Private Wealth LLC bought a new position in shares of Rocket Lab during the fourth quarter valued at $25,000. UMB Bank n.a. grew its holdings in shares of Rocket Lab by 352.5% in the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Rocket Lab during the 4th quarter worth about $27,000. Zions Bancorporation National Association UT bought a new position in Rocket Lab during the 4th quarter valued at about $28,000. Finally, EverSource Wealth Advisors LLC boosted its position in Rocket Lab by 109.5% in the second 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. Institutional investors own 71.78% of the company’s stock.

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.