Rocket Lab Corporation $RKLB Stock Position Cut by Harbour Investments Inc.

Harbour Investments Inc. lessened its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,528 shares of the rocket manufacturer’s stock after selling 426 shares during the period. Harbour Investments Inc.’s holdings in Rocket Lab were worth $162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RKLB. Kingstone Capital Partners Texas LLC acquired a new stake in Rocket Lab in the 2nd quarter valued at about $192,918,000. Vanguard Group Inc. lifted its holdings in Rocket Lab by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock valued at $715,728,000 after acquiring an additional 3,833,969 shares during the last quarter. Invesco Ltd. lifted its holdings in Rocket Lab by 56.1% in the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer’s stock valued at $66,840,000 after acquiring an additional 1,343,518 shares during the last quarter. Nuveen LLC acquired a new stake in Rocket Lab in the 1st quarter valued at about $23,964,000. Finally, Zevenbergen Capital Investments LLC lifted its holdings in Rocket Lab by 538.1% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer’s stock valued at $38,716,000 after acquiring an additional 912,726 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Craig Hallum assumed coverage on shares of Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 price target for the company. Roth Capital reissued a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Bank of America upped their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Cantor Fitzgerald upped their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rocket Lab has a consensus rating of “Moderate Buy” and an average target price of $51.75.

Insider Buying and Selling

In other news, insider Frank Klein sold 45,535 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $2,229,848.95. Following the transaction, the insider owned 1,320,291 shares in the company, valued at $64,654,650.27. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Arjun Kampani sold 31,185 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $1,527,129.45. Following the completion of the transaction, the senior vice president owned 499,045 shares in the company, valued at $24,438,233.65. This represents a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock worth $267,483,973 over the last ninety days. 11.90% of the stock is currently owned by corporate insiders.

Rocket Lab Price Performance

RKLB stock opened at $60.56 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a one year low of $10.29 and a one year high of $73.97. The firm has a market capitalization of $29.31 billion, a PE ratio of -134.58 and a beta of 2.14. The firm has a 50-day moving average of $51.92 and a two-hundred day moving average of $38.24.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The firm had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $135.42 million. During the same period in the prior year, the company posted ($0.08) earnings per share. Rocket Lab’s quarterly revenue was up 35.9% compared to the same quarter last year. 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 year.

About Rocket Lab

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.