Insider Selling: Rocket Companies (NYSE:RKT) Director Sells 2,500 Shares of Stock

Rocket Companies, Inc. (NYSE:RKT) Director Matthew Rizik sold 2,500 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $22.99, for a total transaction of $57,475.00. Following the transaction, the director directly owned 1,038,536 shares in the company, valued at approximately $23,875,942.64. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Matthew Rizik also recently made the following trade(s):

• On Friday, January 9th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $22.78, for a total transaction of $56,950.00.
• On Wednesday, January 7th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $21.26, for a total transaction of $53,150.00.
• On Monday, December 29th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $19.25, for a total value of $48,125.00.
• On Friday, December 26th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.38, for a total value of $48,450.00.
• On Wednesday, December 24th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.44, for a total value of $48,600.00.
• On Monday, December 22nd, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.99, for a total value of $47,475.00.
• On Friday, December 19th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.21, for a total value of $48,025.00.
• On Wednesday, December 17th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $18.21, for a total value of $45,525.00.
• On Friday, December 12th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The stock was sold at an average price of $18.99, for a total transaction of $47,475.00.
• On Wednesday, December 10th, Matthew Rizik sold 2,500 shares of Rocket Companies stock. The shares were sold at an average price of $19.17, for a total transaction of $47,925.00.

Rocket Companies Trading Down 1.8%

RKT traded down $0.42 during trading on Tuesday, hitting $22.76. 30,022,775 shares of the stock traded hands, compared to its average volume of 37,727,172. The firm has a market capitalization of $47.90 billion, a P/E ratio of 284.55 and a beta of 2.29. Rocket Companies, Inc. has a 12-month low of $10.41 and a 12-month high of $23.50. The company has a debt-to-equity ratio of 2.16, a current ratio of 19.68 and a quick ratio of 19.68. The firm has a 50-day moving average of $18.89 and a 200 day moving average of $17.83.

Rocket Companies (NYSE:RKT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. The company’s revenue for the quarter was up 148.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share. Equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

RKT has been the topic of several research analyst reports. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Rocket Companies in a research note on Wednesday, November 19th. Wells Fargo & Company boosted their price objective on shares of Rocket Companies from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Rocket Companies in a report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 target price (up previously from $16.00) on shares of Rocket Companies in a research note on Wednesday, October 29th. Finally, Morgan Stanley boosted their price target on shares of Rocket Companies from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.50.

Institutional Investors Weigh In On Rocket Companies

Several hedge funds have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. increased its holdings in shares of Rocket Companies by 67.9% during the third quarter. ValueAct Holdings L.P. now owns 25,395,627 shares of the company’s stock valued at $492,167,000 after acquiring an additional 10,270,018 shares in the last quarter. Vanguard Group Inc. grew its position in Rocket Companies by 29.5% during the 3rd quarter. Vanguard Group Inc. now owns 22,945,500 shares of the company’s stock valued at $444,684,000 after purchasing an additional 5,226,931 shares during the last quarter. Boston Partners grew its position in Rocket Companies by 6.2% during the 2nd quarter. Boston Partners now owns 14,560,706 shares of the company’s stock valued at $206,610,000 after purchasing an additional 856,367 shares during the last quarter. Durable Capital Partners LP bought a new stake in Rocket Companies during the 3rd quarter valued at about $213,010,000. Finally, Wellington Management Group LLP raised its holdings in Rocket Companies by 30.6% in the third quarter. Wellington Management Group LLP now owns 6,298,220 shares of the company’s stock worth $122,060,000 after buying an additional 1,474,040 shares during the last quarter. 4.59% of the stock is owned by institutional investors.

More Rocket Companies News

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

• Positive Sentiment: Political catalyst: President Trump’s spotlight on a housing-affordability plan drove investor enthusiasm for mortgage and housing-related stocks, pushing RKT to multi‑year highs. Rocket Stock Just Hit a New 3-Year High
• Positive Sentiment: Momentum confirmation: Additional coverage noted RKT’s large YTD gains (reports saying ~+125%), reinforcing momentum-driven flows into the name. Rocket Companies Stock Is Up 125%
• Positive Sentiment: New trading vehicle: Defiance launched RKTL, a daily 2x long ETF for RKT — likely to increase intraday volume, volatility and short‑term bullish flows from active traders. Defiance Launches RKTL
• Neutral Sentiment: Technical action: Analysts and trading write-ups show consolidation after a >10% intraday rally; market is watching whether the breakout holds. Will The Rocket Companies Breakout Hold?
• Neutral Sentiment: Analyst mix: Coverage is increasing (Benzinga notes eight analysts’ takes) with varied views; JPMorgan initiated coverage with a “neutral” rating and $24 price target — modest upside from here. 8 Analysts Have This To Say About Rocket Companies
• Negative Sentiment: Fundamental/valuation risks: RKT trades near its 52‑week high with a very high trailing P/E (~285) and a negative net margin despite strong revenue growth — these factors support profit-taking risk and make the stock sensitive to any slowdown in housing optimism.

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.