Wealthfront Advisers LLC bought a new position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 198,490 shares of the rocket manufacturer’s stock, valued at approximately $20,177,000.
Several other institutional investors also recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. bought a new stake in shares of Rocket Lab in the 4th quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new position in Rocket Lab during the 4th quarter worth $28,000. EverSource Wealth Advisors LLC increased its position in Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after buying an additional 416 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in Rocket Lab in the fourth quarter worth $29,000. Finally, Reflection Asset Management bought a new stake in Rocket Lab in the fourth quarter valued at $30,000. 71.78% of the stock is owned by institutional investors.
Rocket Lab News Summary
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: The U.S. Space Force added Rocket Lab to its Space Data Network Consortium and awarded the company $12 million in contracts supporting a secure, high-speed military communications network. The selection expands Rocket Lab’s role in defense and could lead to additional work. Space Force Selects Rocket Lab For Space Data Network Consortium
- Positive Sentiment: Rocket Lab was also onboarded to the Space Force’s $981 million NITE-STAR indefinite-delivery contract for space test and training infrastructure. The ceiling is not guaranteed revenue, since Rocket Lab must compete for task orders, but the program creates a sizable pipeline for its satellite, software and mission-operations businesses. Rocket Lab NITE-STAR Program
- Positive Sentiment: Viasat selected Rocket Lab to build the satellite bus for a maneuverable, anti-jam spacecraft supporting the Space Force’s Protected Tactical SATCOM-Global program. The win reinforces Rocket Lab’s transition from a launch provider into a broader defense and space-systems contractor. Viasat Selects Rocket Lab
- Positive Sentiment: Rocket Lab successfully launched and deployed eight satellites built for MDA Space under a $143 million, 17-satellite Globalstar constellation contract. The milestone demonstrates execution across both satellite manufacturing and launch services. Rocket Lab launches eight Globalstar satellites
- Neutral Sentiment: The company is promoting GHOST, a deployable system intended to support responsive orbital and suborbital missions worldwide. The technology could improve Rocket Lab’s defense-market capabilities, although the reports provide limited detail on revenue or contract commitments. Can GHOST Strengthen Rocket Lab’s Responsive Launch Capabilities?
- Negative Sentiment: Trading pressure reflected weakness across major space stocks, suggesting sector-wide profit-taking rather than a Rocket Lab-specific operational setback.
- Negative Sentiment: Rocket Lab remains unprofitable, with the latest quarterly EPS loss worse than analysts expected despite revenue of approximately $234 million, up 62% year over year. Its roughly $47 billion market capitalization and negative earnings leave the stock vulnerable to valuation-driven pullbacks.
- Negative Sentiment: Reported insider activity shows executives have made numerous open-market sales and no purchases during the past six months. While sales may reflect compensation or diversification, the pattern can weigh on investor sentiment at an elevated share price.
Rocket Lab Trading Down 3.6%
Rocket Lab (NASDAQ:RKLB – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $231.62 million. Equities analysts predict that Rocket Lab Corporation will post -0.25 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. BTIG Research reissued a “hold” rating on shares of Rocket Lab in a report on Tuesday, May 12th. Craig Hallum lifted their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Cantor Fitzgerald lifted their price objective on shares of Rocket Lab from $96.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Citizens Jmp reissued a “market outperform” rating and set a $130.00 target price on shares of Rocket Lab in a research note on Tuesday, August 11th. Finally, Bank of America upped their target price on shares of Rocket Lab from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.65.
Insider Activity
In other Rocket Lab news, SVP Arjun Kampani sold 88,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the transaction, the senior vice president owned 264,705 shares of the company’s stock, valued at approximately $28,582,845.90. This trade represents a 24.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander R. Slusky sold 60,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $149.40, for a total transaction of $8,964,000.00. Following the sale, the director owned 374,675 shares in the company, valued at $55,976,445. This trade represents a 13.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,749,294 shares of company stock worth $351,008,208 in the last 90 days. 8.40% of the stock is currently owned by corporate insiders.
Rocket Lab Profile
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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