14,433 Shares in Rocket Lab Corporation $RKLB Purchased by Sara Bay Financial

Key Points

• Sara Bay Financial acquired a new position in Rocket Lab Corporation, purchasing 14,433 shares valued at approximately $516,000 during the second quarter.
• Rocket Lab reported quarterly earnings of ($0.13) per share, missing analysts' expectations, but saw a 35.9% increase in revenue year-over-year, totaling $144.5 million.
• Insiders sold approximately 5.4 million shares of Rocket Lab stock worth around $267 million in the last ninety days, indicating significant insider trading activity.

Sara Bay Financial bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 14,433 shares of the rocket manufacturer's stock, valued at approximately $516,000.

Several other hedge funds have also recently bought and sold shares of the company. Accurate Wealth Management LLC acquired a new position in Rocket Lab during the 2nd quarter worth about $252,000. GAMMA Investing LLC lifted its stake in Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock worth $54,000 after acquiring an additional 405 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake in Rocket Lab by 7.4% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 70,489 shares of the rocket manufacturer's stock worth $2,521,000 after acquiring an additional 4,875 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Rocket Lab during the 2nd quarter worth about $192,918,000. Finally, Global Financial Private Client LLC acquired a new position in Rocket Lab during the 2nd quarter worth about $292,000. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab Stock Up 6.2%

Rocket Lab stock opened at $52.91 on Wednesday. Rocket Lab Corporation has a twelve month low of $7.28 and a twelve month high of $55.17. The stock has a 50 day moving average of $46.53 and a two-hundred day moving average of $32.48. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $25.61 billion, a price-to-earnings ratio of -117.58 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted 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). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. Craig Hallum assumed coverage on Rocket Lab in a research report on Monday, July 28th. They issued a "hold" rating and a $51.00 price target on the stock. The Goldman Sachs Group assumed coverage on Rocket Lab in a research report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price target on the stock. Finally, Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Rocket Lab presently has a consensus rating of "Moderate Buy" and an average target price of $42.27.

Insider Activity at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 9,416 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was 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 directly owned 489,629 shares of the company's stock, valued at approximately $23,355,303.30. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the sale, the chief financial officer directly owned 2,057,889 shares of the company's stock, valued at $98,799,250.89. The trade was a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,406,361 shares of company stock worth $267,483,973 in the last ninety days. Company insiders own 11.90% of the company's stock.

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.

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