Jump Financial LLC Takes Position in Rocket Lab Corporation $RKLB

Key Points

• Jump Financial LLC acquired 293,007 shares of Rocket Lab Corporation, valued at approximately $5.24 million, increasing its stake to about 0.06% of the company.
• Institutional investors currently own 71.78% of Rocket Lab's stock, with notable increases in holdings by Vanguard Group Inc. and Invesco Ltd. during the first quarter.
• Rocket Lab reported a 35.9% year-over-year revenue growth in its latest earnings but missed earnings per share estimates, posting a loss of $0.13 compared to the expected $0.07.

Jump Financial LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 293,007 shares of the rocket manufacturer's stock, valued at approximately $5,239,000. Jump Financial LLC owned approximately 0.06% of Rocket Lab as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RKLB. Versant Capital Management Inc increased its holdings in shares of Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock worth $28,000 after buying an additional 860 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in shares of Rocket Lab during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC raised its position in Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after purchasing an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC grew its holdings in shares of Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Quarry LP purchased a new stake in Rocket Lab in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Performance

NASDAQ RKLB traded up $1.66 on Thursday, hitting $47.91. 16,854,311 shares of the company's stock traded hands, compared to its average volume of 20,146,367. The firm has a market capitalization of $22.97 billion, a PE ratio of -106.47 and a beta of 2.17. Rocket Lab Corporation has a 1-year low of $5.74 and a 1-year high of $53.44. The firm's 50-day moving average price is $41.96 and its two-hundred day moving average price is $29.20. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60.

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

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the transaction, the director directly owned 419,569 shares of the company's stock, valued at $14,005,213.22. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Ocko sold 820,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the sale, the director owned 1,083,053 shares of the company's stock, valued at approximately $28,170,208.53. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,123,149 shares of company stock worth $29,450,894. Company insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RKLB. Cantor Fitzgerald increased 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. The Goldman Sachs Group started coverage on Rocket Lab in a research report on Monday, June 30th. They set a "neutral" rating and a $27.00 target price on the stock. Citigroup restated a "buy" rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Stifel Nicolaus upped their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Roth Capital upped their price objective on shares of Rocket Lab from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.27.

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.