FNY Investment Advisers LLC Has $807,000 Position in Rocket Lab Corporation $RKLB

FNY Investment Advisers LLC grew its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 330.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,580 shares of the rocket manufacturer’s stock after purchasing an additional 17,331 shares during the quarter. FNY Investment Advisers LLC’s holdings in Rocket Lab were worth $807,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock valued at $715,728,000 after purchasing an additional 3,833,969 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Rocket Lab in the second quarter valued at about $192,918,000. Invesco Ltd. raised its position in shares of Rocket Lab by 56.1% in the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer’s stock valued at $66,840,000 after purchasing an additional 1,343,518 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer’s stock valued at $46,247,000 after purchasing an additional 65,255 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock valued at $38,057,000 after purchasing an additional 128,907 shares during the period. 71.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Adam C. Spice sold 874,588 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the sale, the chief financial officer directly owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This trade represents a 29.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Arjun Kampani sold 9,416 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total transaction of $449,143.20. Following the completion of the sale, the senior vice president owned 489,629 shares in the company, valued at approximately $23,355,303.30. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,406,361 shares of company stock worth $267,483,973 in the last quarter. Corporate insiders own 11.90% of the company’s stock.

Rocket Lab Trading Down 2.9%

Shares of Rocket Lab stock opened at $65.40 on Wednesday. The company has a market capitalization of $31.65 billion, a price-to-earnings ratio of -145.33 and a beta of 2.14. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 12-month low of $10.29 and a 12-month high of $73.97. The firm’s 50-day moving average price is $51.57 and its two-hundred day moving average price is $38.09.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RKLB has been the topic of several research analyst reports. Craig Hallum started coverage on shares of Rocket Lab in a research report on Monday, July 28th. They issued a “hold” rating and a $51.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. KeyCorp raised their price target on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley raised their price target on shares of Rocket Lab from $20.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.75.

Rocket Lab Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.