34,751 Shares in Rocket Lab Corporation $RKLB Purchased by Sender Co & Partners Inc.

Key Points

• Sender Co & Partners Inc. has acquired 34,751 shares of Rocket Lab Corporation, translating to an investment of approximately $621,000.
• Several hedge funds have increased their stakes in Rocket Lab, with institutional investors currently holding 71.78% of the company's stock.
• Rocket Lab's stock has received positive ratings from analysts, with a consensus target price of $42.27 and multiple "buy" ratings from research firms.

Sender Co & Partners Inc. acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 34,751 shares of the rocket manufacturer's stock, valued at approximately $621,000.

A number of other hedge funds have also bought and sold shares of RKLB. Vanguard Group Inc. lifted its holdings in Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock valued at $715,728,000 after buying an additional 3,833,969 shares during the period. Two Sigma Advisers LP acquired a new stake in Rocket Lab during the 4th quarter worth about $72,623,000. Two Sigma Investments LP bought a new position in shares of Rocket Lab in the 4th quarter worth about $47,074,000. Invesco Ltd. lifted its stake in shares of Rocket Lab by 56.1% in the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock valued at $66,840,000 after purchasing an additional 1,343,518 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Rocket Lab during the 1st quarter valued at about $23,964,000. Institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Down 1.5%

RKLB stock traded down $0.70 during midday trading on Tuesday, reaching $47.03. 13,107,591 shares of the company's stock traded hands, compared to its average volume of 20,106,672. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The firm's fifty day moving average price is $44.43 and its 200-day moving average price is $30.43. Rocket Lab Corporation has a 52 week low of $5.96 and a 52 week high of $53.44. The company has a market cap of $22.54 billion, a price-to-earnings ratio of -104.51 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released 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). The business had revenue of $144.50 million during 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 firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RKLB. Bank of America lifted their target price on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Stifel Nicolaus increased their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. KeyCorp boosted their target price on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Citigroup restated 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.27.

Insider Buying and Selling

In related news, Director Merline Saintil sold 6,353 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total transaction of $212,063.14. Following the completion of the sale, the director owned 419,569 shares in the company, valued at approximately $14,005,213.22. This represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Ocko sold 820,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $26.01, for a total value of $21,328,200.00. Following the completion of the sale, the director directly owned 1,083,053 shares of the company's stock, valued at $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. Insiders have sold a total of 1,032,706 shares of company stock valued at $27,015,105 over the last three months. Corporate 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.