Ieq Capital LLC lowered its holdings in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 613,515 shares of the rocket manufacturer’s stock after selling 65,613 shares during the period. Ieq Capital LLC’s holdings in Rocket Lab were worth $42,799,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC acquired a new position in shares of Rocket Lab in the 4th quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Rocket Lab in the 4th quarter valued at approximately $28,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Rocket Lab in the 4th quarter valued at approximately $29,000. Ankerstar Wealth LLC acquired a new position in shares of Rocket Lab in the 4th quarter valued at approximately $31,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Rocket Lab in the 4th quarter valued at approximately $32,000. Institutional investors own 71.78% of the company’s stock.
Insider Buying and Selling at Rocket Lab
In other Rocket Lab news, CFO Adam C. Spice sold 62,744 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total value of $8,945,412.08. Following the transaction, the chief financial officer directly owned 983,049 shares of the company’s stock, valued at approximately $140,153,295.93. This trade represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alexander R. Slusky sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $118.08, for a total transaction of $11,808,000.00. Following the completion of the transaction, the director directly owned 434,675 shares in the company, valued at $51,326,424. This trade represents a 18.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 485,515 shares of company stock valued at $66,909,882 over the last 90 days. Insiders own 8.40% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Rocket Lab
Trending Headlines about Rocket Lab
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab announced that it will join the Nasdaq-100 Index, effective June 22. That inclusion is a bullish technical and sentiment driver because it can increase visibility, attract index-tracking funds, and broaden institutional demand. Rocket Lab To Join The Nasdaq-100 Index
- Positive Sentiment: Several reports note that RKLB is benefiting from a “halo trade” in space stocks tied to SpaceX’s historic public debut, with traders rotating into space-related names as the industry gets more attention. Why Rocket Lab (RKLB) Stock Is Up Today
- Positive Sentiment: Rocket Lab’s recent business momentum also supports the stock, with Q1 revenue up 63.4% year over year to $200.35 million and results beating revenue estimates, reinforcing the growth story behind the company. Rocket Lab To Join The Nasdaq-100 Index
- Neutral Sentiment: Commentary from analysts and media has turned more upbeat on the stock, but much of the move appears to be driven by index inclusion and sector momentum rather than a new operating update. Space Stock Rocket Lab and 4 Others Are Joining the Nasdaq 100
- Negative Sentiment: Near-term volatility could stay elevated because the stock has also been caught in broader space-stock swings around SpaceX’s debut, and some traders are treating the group as a relative-value trade rather than a pure Rocket Lab fundamental story. Virgin Galactic Craters 24%, Rocket Lab Drops 8%, AST SpaceMobile Falls 10% as SpaceX Hype Triggers a Space-Stock Shakeout
Rocket Lab Trading Down 10.8%
Shares of NASDAQ RKLB opened at $102.39 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. Rocket Lab Corporation has a 52-week low of $25.24 and a 52-week high of $151.00. The firm has a 50 day moving average price of $101.62 and a two-hundred day moving average price of $81.03. The stock has a market cap of $59.26 billion, a P/E ratio of -319.97 and a beta of 2.49.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The company had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same period in the prior year, the firm posted ($0.12) EPS. The company’s quarterly revenue was up 63.4% on a year-over-year basis. As a group, equities analysts forecast that Rocket Lab Corporation will post -0.29 EPS for the current year.
About Rocket Lab
Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.
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