Envestnet Asset Management Inc. Increases Position in Rocket Lab Corporation $RKLB

Envestnet Asset Management Inc. raised its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 137.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,754 shares of the rocket manufacturer’s stock after purchasing an additional 32,258 shares during the period. Envestnet Asset Management Inc.’s holdings in Rocket Lab were worth $1,994,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its position in shares of Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after purchasing an additional 910 shares during the last quarter. GAMMA Investing LLC lifted its position in Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after buying an additional 405 shares during the last quarter. Spectrum Wealth Counsel LLC grew its position in Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. IFP Advisors Inc grew its position in Rocket Lab by 78.6% during the second quarter. IFP Advisors Inc now owns 2,290 shares of the rocket manufacturer’s stock valued at $82,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Rocket Lab during the second quarter worth approximately $118,000. Institutional investors own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab

In related news, Director Matthew Ocko sold 1,873,097 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total value of $90,283,275.40. Following the completion of the transaction, the director directly owned 541,526 shares in the company, valued at $26,101,553.20. The trade was a 77.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of the stock in a transaction 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 owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is currently owned by insiders.

Rocket Lab Stock Down 1.2%

Shares of NASDAQ:RKLB opened at $42.78 on Wednesday. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $55.73 and a two-hundred day simple moving average of $43.33. Rocket Lab Corporation has a 12-month low of $14.71 and a 12-month high of $73.97. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of -112.58 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The company’s revenue was up 48.0% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on RKLB shares. Wall Street Zen raised shares of Rocket Lab from a “strong sell” rating to a “hold” rating in a research note on Saturday. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Robert W. Baird assumed coverage on Rocket Lab in a research report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price target on the stock. Craig Hallum assumed coverage on Rocket Lab in a research report on Monday, July 28th. They issued a “hold” rating and a $51.00 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and set a $75.00 price objective (up previously from $65.00) on shares of Rocket Lab in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.33.

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.