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Director Matthew Ocko of Rocket Lab Corp (NASDAQ:RKLB) recently sold a total of $26.6 million in shares of the company’s common stock. The sales occurred in multiple transactions on June 12 and June 13, with prices ranging from $26.0067 to $26.4437. The sales come as RKLB shares have shown remarkable performance, delivering a 438% return over the past year. According to InvestingPro data, the stock currently trades at $27.54, with notably high volatility (Beta: 2.09).
On June 12, Ocko sold 57,822 shares at a weighted average price of $26.4437. These shares were sold in multiple transactions at prices ranging from $26.3750 to $26.6300. An additional 142,178 shares were sold at the same weighted average price on the same day.
The following day, June 13, Ocko sold another 237,068 shares at a weighted average price of $26.0067. These shares were sold in multiple transactions with 819,184 shares sold at prices ranging from $25.4500 to $26.4400 and 816 shares sold at prices ranging from $26.4600 to $26.5000. Additionally, 582,932 shares were sold at the same weighted average price on June 13.
Following these transactions, Ocko indirectly holds 1,320,121 shares through Data Collective IV, L.P. and 3,246,071 shares through DCVC Opportunity (SO:FTCE11B) Fund II, L.P. and 1,083,053 shares through Data Collective IV, L.P. and 2,663,139 shares through DCVC Opportunity Fund II, L.P. Ocko disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest.
In other recent news, Rocket Lab Corporation has secured a contract to launch two dedicated missions for a commercial client using its Electron rocket, with the first mission set for June 2025. The company has also successfully completed its 66th Electron launch, deploying a satellite for the Institute for Q-shu Pioneers of Space, marking its second launch for the Japanese company in less than a month. Cantor Fitzgerald has raised its price target for Rocket Lab stock to $35, maintaining an Overweight rating, citing the company’s successful launch track record and strategic industry position. Stifel has reiterated a Buy rating with a $34 price target, highlighting Rocket Lab’s progress on its Neutron development program, which is expected to launch in the second half of 2025. Recent investor meetings have focused on Rocket Lab’s competitive positioning, acquisitions, and the impact of President Trump’s Golden Dome Initiative. The company’s acquisitions of Mynaric (ETR:M0YNn) and Geost are seen as enhancing its technological capabilities and securing essential suppliers for government contracts. Rocket Lab continues to operate dedicated launchpads in New Zealand and the U.S., and its Electron vehicle has become the second most frequently launched U.S. rocket since 2018. These developments underscore Rocket Lab’s ongoing efforts to expand its capabilities and strengthen its role in the space industry.
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