RFG Advisory LLC acquired a new position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,146 shares of the rocket manufacturer’s stock, valued at approximately $1,946,000.
A number of other institutional investors have also recently bought and sold shares of RKLB. Swedbank AB boosted its holdings in shares of Rocket Lab by 8.2% in the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock worth $35,525,000 after buying an additional 38,770 shares during the last quarter. BlackRock Inc. purchased a new stake in Rocket Lab during the second quarter worth about $4,124,970,000. Katamaran Capital LLP increased its holdings in Rocket Lab by 86.2% during the first quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock worth $1,272,000 after buying an additional 9,172 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Rocket Lab by 6.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock worth $180,849,000 after acquiring an additional 154,623 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Rocket Lab in the first quarter worth about $642,000. Institutional investors own 71.78% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on RKLB shares. Wall Street Zen downgraded shares of Rocket Lab from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Stifel Nicolaus set a $132.00 price target on shares of Rocket Lab in a report on Thursday, June 4th. KGI Securities upgraded Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Monday, July 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a report on Friday, July 17th. Finally, Berenberg Bank assumed coverage on Rocket Lab in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $83.00 target price for the company. Four research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.83.
Insider Activity at Rocket Lab
In related news, insider Marvin Clevenger sold 15,051 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $1,048,001.13. Following the completion of the transaction, the insider directly owned 458,924 shares of the company’s stock, valued at approximately $31,954,878.12. This trade represents a 3.18% decrease in their position. 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, SVP Arjun Kampani sold 6,034 shares of Rocket Lab stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $66.65, for a total transaction of $402,166.10. Following the completion of the transaction, the senior vice president owned 250,917 shares of the company’s stock, valued at $16,723,618.05. This represents a 2.35% 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 sold a total of 3,624,371 shares of company stock worth $312,944,881 in the last ninety days. Insiders own 8.40% of the company’s stock.
Rocket Lab Price Performance
NASDAQ RKLB opened at $61.96 on Friday. The company has a market cap of $37.07 billion, a PE ratio of -229.47 and a beta of 2.60. Rocket Lab Corporation has a 52 week low of $37.57 and a 52 week 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. The firm’s 50-day simple moving average is $72.33 and its two-hundred day simple moving average is $84.61.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last issued its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. Research analysts predict that Rocket Lab Corporation will post -0.2 earnings per share for the current year.
Rocket Lab News Summary
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab introduced IMM Apex, a high-efficiency, germanium-free solar cell designed for spacecraft. The technology could reduce reliance on supply-constrained critical minerals while expanding the company’s space-systems business beyond launch services. The announcement triggered renewed investor interest. Rocket Lab stock moves on solar cell announcement
- Positive Sentiment: ARK Invest added approximately $154,000 of Rocket Lab shares, reinforcing the bullish view that the solar-cell launch and the company’s broader space-infrastructure strategy could become meaningful growth catalysts. ARK adds to Rocket Lab stake
- Positive Sentiment: Analysts and fund commentary point to Rocket Lab’s approximately $2.36 billion backlog, strong space-industry demand, record revenue and roughly $2.4 billion in cash as evidence that the company can continue funding expansion and Neutron development. Some bullish commentary describes the stock as undervalued. Backlog strength and space demand lift Rocket Lab
- Neutral Sentiment: Coverage of a potential Rocket Lab-related merger is primarily affecting Iridium’s valuation; deal structure, regulatory approval and RKLB’s share price at closing remain key variables. The reports do not establish a definitive near-term benefit for Rocket Lab shareholders. Iridium merger-arbitrage analysis
- Negative Sentiment: The first Neutron launch date remains uncertain. The next milestone may be delivery of hardware to the launch pad rather than an actual launch, increasing concern that delays could postpone a major revenue and valuation catalyst. Rocket Lab’s next Neutron milestone
- Negative Sentiment: Despite operational progress, Rocket Lab remains unprofitable, recently missed consensus EPS expectations and has declined sharply since its earnings report. Analysts also caution that the backlog does not eliminate execution risk tied to Neutron. Rocket Lab backlog and Neutron risk
- Negative Sentiment: Weakness across publicly traded space stocks, including selling pressure following a large SpaceX insider-share unlock, has created additional sector-wide pressure on RKLB. A reported zero short-interest balance appears inconsistent and should not be treated as a reliable trading signal.
About Rocket Lab
Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.
Rocket Lab’s Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.
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