Shah Wealth Advisors LLC acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,002 shares of the rocket manufacturer’s stock, valued at approximately $3,151,000. Rocket Lab accounts for 0.7% of Shah Wealth Advisors LLC’s portfolio, making the stock its 24th biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. William John Sempolinski bought a new stake in shares of Rocket Lab in the 2nd quarter worth about $2,623,000. Markowski Investments bought a new position in Rocket Lab during the 2nd quarter valued at about $244,000. Highland Investment Advisors LLC bought a new position in Rocket Lab during the 2nd quarter valued at about $30,000. FirstWave Capital Management LLC bought a new position in Rocket Lab during the 2nd quarter valued at about $1,880,000. Finally, Raiffeisen Bank International AG boosted its position in Rocket Lab by 118.7% in the second quarter. Raiffeisen Bank International AG now owns 82,172 shares of the rocket manufacturer’s stock valued at $8,054,000 after buying an additional 44,605 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.
Rocket Lab Trading Up 0.7%
Shares of RKLB opened at $64.26 on Friday. The stock’s fifty day simple moving average is $75.23 and its 200-day simple moving average is $84.74. The firm has a market capitalization of $38.45 billion, a PE ratio of -237.99 and a beta of 2.60. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01.
Insider Activity at Rocket Lab
In related news, CFO Adam Spice sold 140,157 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total transaction of $8,778,032.91. Following the completion of the sale, the chief financial officer directly owned 1,155,967 shares of the company’s stock, valued at $72,398,213.21. The trade was a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 35,558 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the completion of the transaction, the insider owned 925,737 shares in the company, valued at $61,663,341.57. This represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,624,371 shares of company stock worth $312,944,881 over the last 90 days. Insiders own 8.40% of the company’s stock.
Key Headlines Impacting Rocket Lab
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Berenberg upgraded Rocket Lab to “strong buy.” The bank cited the expanding space economy and the company’s growth prospects, helping improve sentiment after the stock’s sharp recent decline. Why Is RKLB Stock Rising Today and How Much Upside Do Analysts See?
- Positive Sentiment: ARK Invest purchased 705,102 Rocket Lab shares across two trading sessions, according to fund disclosures. Cathie Wood’s buying may be viewed as validation of Rocket Lab’s long-term potential and could attract additional momentum-oriented investors. Cathie Wood Just Bought 705,102 Shares of a Rocket Company 50 Times Smaller Than SpaceX
- Positive Sentiment: Rocket Lab’s commercial base remains substantial. Articles highlighted nearly $2.4 billion in launch backlog, a new major launch contract and the company’s 94th successful launch, including a perfect record on Synspective missions and 16 additional missions booked through 2030. Rocket Lab Scores 94th Launch Win
- Neutral Sentiment: Neutron remains the central investment catalyst. The reusable medium-lift rocket could significantly expand Rocket Lab’s addressable market, but reports suggest its first launch could slip into 2027. The delay would give the company more time for testing but postpone a potentially transformative revenue opportunity. Peter Beck’s Neutron Rocket Could Slip to 2027
- Negative Sentiment: Investors remain concerned about valuation and cash use. Rocket Lab has fallen roughly 49% over three months, while spending ahead of Neutron’s debut. The company remains unprofitable, and its high valuation leaves limited room for execution setbacks. How Long Can Rocket Lab Stock Wait on Neutron?
- Negative Sentiment: Competitive and governance concerns persist. Blue Origin’s win of NASA’s $700 million Mars communications contract highlights intense competition, while a reported $8.8 million CFO share sale and prior analyst skepticism add to investor caution.
Analysts Set New Price Targets
Several brokerages have weighed in on RKLB. BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Berenberg Bank started coverage on Rocket Lab in a report on Wednesday. They issued a “buy” rating and a $83.00 target price on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Rocket Lab in a report on Tuesday, July 28th. Roth Capital set a $110.00 price objective on Rocket Lab in a research report on Tuesday, August 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Four research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.83.
Check Out Our Latest Analysis on RKLB
Rocket Lab Company 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.
Further Reading
- Five stocks we like better than Rocket Lab
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding RKLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Lab Corporation (NASDAQ:RKLB – Free Report).
Receive News & Ratings for Rocket Lab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Lab and related companies with MarketBeat.com's FREE daily email newsletter.
