10,021 Shares in Rocket Lab Corporation $RKLB Acquired by Hobbs Group Advisors LLC

Key Points

• Hobbs Group Advisors LLC acquired 10,021 shares of Rocket Lab Corporation (RKLB), valued at approximately $358,000, during the second quarter.
• Several large investors, including Vanguard Group Inc. and Invesco Ltd., have significantly increased their stakes in Rocket Lab, resulting in 71.78% of the stock being owned by institutional investors.
• Analysts have a generally positive outlook on Rocket Lab, with an average target price of $42.27 and multiple firms issuing "buy" ratings, including Citigroup and Bank of America.

Hobbs Group Advisors LLC purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,021 shares of the rocket manufacturer's stock, valued at approximately $358,000.

A number of other large investors also recently added to or reduced their stakes in RKLB. Kingstone Capital Partners Texas LLC purchased a new position in Rocket Lab in the 2nd quarter worth approximately $192,918,000. Vanguard Group Inc. lifted its holdings in Rocket Lab by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares in the last quarter. Invesco Ltd. lifted its holdings in Rocket Lab by 56.1% in the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock worth $66,840,000 after purchasing an additional 1,343,518 shares in the last quarter. Nuveen LLC purchased a new position in Rocket Lab in the 1st quarter worth approximately $23,964,000. Finally, Zevenbergen Capital Investments LLC lifted its holdings in Rocket Lab by 538.1% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer's stock worth $38,716,000 after purchasing an additional 912,726 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RKLB shares. Citigroup reissued a "buy" rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Bank of America boosted their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Cantor Fitzgerald upped their price objective on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of Rocket Lab in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.27.

Rocket Lab Stock Down 3.3%

Shares of RKLB opened at $64.26 on Friday. The stock has a market capitalization of $31.10 billion, a price-to-earnings ratio of -142.80 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The business's 50 day simple moving average is $48.41 and its 200-day simple moving average is $35.71. Rocket Lab Corporation has a 1 year low of $9.20 and a 1 year high of $73.50.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million for the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Peter Beck sold 1,436,442 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 2,500,000 shares of the company's stock, valued at approximately $121,875,000. The trade was a 36.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Arjun Kampani sold 31,185 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $1,527,129.45. Following the transaction, the senior vice president directly owned 499,045 shares in the company, valued at approximately $24,438,233.65. This represents a 5.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company's stock.

Rocket Lab Profile

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.

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