Rocket Lab director Nina Armagno sells $236k in stock

Published 07/02/2025, 03:54
Rocket Lab director Nina Armagno sells $236k in stock

Nina Armagno, a director at Rocket Lab USA, Inc. (NASDAQ:RKLB), recently sold 10,000 shares of the company’s common stock. The shares were sold at a weighted average price of $23.63, resulting in a total transaction value of approximately $236,345. According to InvestingPro data, RKLB’s stock has shown remarkable performance with a 548% return over the past year, though it currently appears overvalued based on Fair Value analysis. Following this transaction, Armagno holds 132,294 shares in the company. The sale was conducted in multiple transactions with prices ranging from $23.63 to $23.655 per share. With a current market capitalization of $13.78 billion and high price volatility, investors seeking deeper insights can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports.

In other recent news, Rocket Lab USA has been making notable strides in the aerospace sector. KeyBanc Capital Markets analyst Philip Gibbs recently raised the price target for Rocket Lab to $32.00, citing the company’s recent achievements and stronger sector support. Rocket Lab has reported significant advancements, including a successful hot fire test of its Archimedes engine and a successful test of the Neutron rocket’s second stage tank.

Simultaneously, Rocket Lab is expanding its business operations, notably through the ongoing build-out of the Neutron launch pad and securing of Neutron launch contracts. The company’s progress, coupled with increased governmental support, has led to increased valuations. Citi analysts have also increased their price target for Rocket Lab to $35, reflecting confidence in the company’s growth trajectory, particularly after recent contract awards.

Rocket Lab has also been selected to launch BlackSky Technology Inc.’s inaugural Gen-3 satellite, marking a significant step in BlackSky’s space-based intelligence capabilities. This development is expected to provide customers with enhanced mission-critical insights. Meanwhile, Stifel analysts have increased their price target on Rocket Lab shares to $31.00, following Rocket Lab’s announcement of its selection as part of a team that secured a five-year contract under the MACH-TB 2.0 program. These are some of the recent developments that highlight Rocket Lab’s ongoing growth and potential in the aerospace sector.

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