State of New Jersey Common Pension Fund D Buys 12,335 Shares of Rocket Lab Corporation $RKLB

State of New Jersey Common Pension Fund D raised its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 10.2% in the 2nd quarter, Holdings Channel reports. The firm owned 133,802 shares of the rocket manufacturer’s stock after acquiring an additional 12,335 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Rocket Lab were worth $4,786,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RKLB. Janney Montgomery Scott LLC raised its position in shares of Rocket Lab by 6.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 42,022 shares of the rocket manufacturer’s stock valued at $751,000 after buying an additional 2,715 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Rocket Lab by 52.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer’s stock worth $1,049,000 after purchasing an additional 20,076 shares during the period. Jaffetilchin Investment Partners LLC raised its position in Rocket Lab by 42.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 21,499 shares of the rocket manufacturer’s stock worth $384,000 after purchasing an additional 6,440 shares during the period. WJ Wealth Management LLC raised its position in Rocket Lab by 10.0% in the 1st quarter. WJ Wealth Management LLC now owns 10,160 shares of the rocket manufacturer’s stock worth $182,000 after purchasing an additional 920 shares during the period. Finally, McGuire Investment Group LLC raised its position in Rocket Lab by 740.9% in the 1st quarter. McGuire Investment Group LLC now owns 102,494 shares of the rocket manufacturer’s stock worth $1,833,000 after purchasing an additional 90,306 shares during the period. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on RKLB shares. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Rocket Lab in a research report on Wednesday, September 3rd. Roth Capital reissued a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Morgan Stanley raised their target price on shares of Rocket Lab from $20.00 to $68.00 and gave the company an “equal weight” rating in a research note on Monday, October 13th. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Craig Hallum assumed coverage on shares of Rocket Lab in a research note on Monday, July 28th. They issued a “hold” rating and a $51.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rocket Lab presently has an average rating of “Moderate Buy” and an average target price of $51.75.

Insider Buying and Selling at Rocket Lab

In other news, SVP Arjun Kampani sold 9,416 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $23,355,303.30. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter Beck sold 1,436,442 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the sale, the chief executive officer directly owned 2,500,000 shares of the company’s stock, valued at $121,875,000. This represents a 36.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. Corporate insiders own 11.90% of the company’s stock.

Rocket Lab Stock Up 1.6%

RKLB opened at $64.56 on Monday. Rocket Lab Corporation has a fifty-two week low of $10.29 and a fifty-two week high of $73.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The company has a fifty day moving average of $52.74 and a two-hundred day moving average of $39.17. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of -143.47 and a beta of 2.14.

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