19,146 Shares in Rocket Lab Corporation $RKLB Bought by RFG Advisory LLC

RFG Advisory LLC purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,146 shares of the rocket manufacturer's stock, valued at approximately $1,946,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RKLB. Swedbank AB increased its holdings in shares of Rocket Lab by 8.2% during the fourth quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer's stock valued at $35,525,000 after acquiring an additional 38,770 shares in the last quarter. BlackRock Inc. bought a new position in shares of Rocket Lab in the 2nd quarter worth $4,124,970,000. Katamaran Capital LLP lifted its holdings in shares of Rocket Lab by 86.2% in the 1st quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer's stock worth $1,272,000 after purchasing an additional 9,172 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Rocket Lab by 6.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer's stock valued at $180,849,000 after purchasing an additional 154,623 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in Rocket Lab in the 1st quarter valued at $642,000. 71.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Arjun Kampani sold 6,034 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $66.65, for a total transaction of $402,166.10. Following the transaction, the senior vice president directly owned 250,917 shares in the company, valued at approximately $16,723,618.05. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the completion of the sale, the insider directly owned 925,737 shares of the company's stock, valued at $61,663,341.57. The trade was a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,624,371 shares of company stock valued at $312,944,881 over the last 90 days. 8.40% of the stock is currently owned by company insiders.

Rocket Lab News Roundup

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.

Wall Street Analyst Weigh In

A number of brokerages have commented on RKLB. Citigroup restated a "market outperform" rating on shares of Rocket Lab in a research note on Tuesday, July 28th. Berenberg Bank started coverage on shares of Rocket Lab in a report on Wednesday, September 2nd. They set a "buy" rating and a $83.00 price objective for the company. Wall Street Zen downgraded shares of Rocket Lab from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Morgan Stanley restated an "overweight" rating on shares of Rocket Lab in a report on Wednesday, July 8th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Rocket Lab in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Rocket Lab currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.83.

Rocket Lab Trading Down 1.8%

Shares of Rocket Lab stock opened at $61.96 on Friday. The company has a market capitalization of $37.07 billion, a P/E ratio of -229.47 and a beta of 2.60. The stock has a fifty day simple moving average of $72.33 and a 200 day simple moving average of $84.61. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. On average, sell-side analysts anticipate that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Rocket Lab Company Profile

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.