356,000 Shares in Rocket Lab Corporation $RKLB Purchased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd purchased 356,000 Rocket Lab shares worth approximately $36.2 million, making RKLB its eighth-largest holding and representing about 1.1% of its portfolio. Institutional investors and hedge funds collectively own 71.78% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $108.83, despite the stock opening at $63.07 and trading below its 50-day and 200-day moving averages.
• Rocket Lab exceeded revenue expectations but missed its quarterly EPS estimate, remains unprofitable, and faces uncertainty around the timing of its Neutron launch. The company has strong liquidity, including approximately $2.4 billion in cash, but high valuation and substantial insider selling continue to weigh on investor sentiment.

WINTON GROUP Ltd purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 356,000 shares of the rocket manufacturer's stock, valued at approximately $36,187,000. Rocket Lab makes up 1.1% of WINTON GROUP Ltd's portfolio, making the stock its 8th biggest holding. WINTON GROUP Ltd owned about 0.06% of Rocket Lab as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer's stock worth $3,117,000 after purchasing an additional 92,849 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Rocket Lab by 1,812.1% during the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer's stock worth $658,000 after buying an additional 34,882 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Rocket Lab by 53.8% during the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer's stock worth $282,000 after buying an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer's stock worth $13,831,000 after buying an additional 90,758 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Rocket Lab by 1.0% in the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer's stock worth $1,206,000 after buying an additional 681 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RKLB shares. Citizens Jmp reiterated a "market outperform" rating and set a $130.00 price objective on shares of Rocket Lab in a research report on Tuesday, August 11th. Roth Capital set a $110.00 target price on Rocket Lab in a research report on Tuesday, August 11th. Stifel Nicolaus set a $132.00 target price on Rocket Lab in a research report on Thursday, June 4th. KGI Securities raised Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 target price for the company in a report on Monday, July 27th. Finally, Berenberg Bank started coverage on Rocket Lab in a research report on Wednesday, September 2nd. They issued a "buy" rating and a $83.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $108.83.

Key Stories Impacting Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Rocket Lab introduced its IMM Apex solar cell, which delivers 31.5% beginning-of-life efficiency, reduces cell weight by 40% and eliminates the need for germanium, a supply-constrained material. The product is designed as a drop-in replacement for existing solar cells, potentially supporting adoption and improving Rocket Lab’s space-systems revenue opportunity. Rocket Lab Introduces High-Efficiency Solar Cell
• Positive Sentiment: ARK Invest’s ARKX purchased 2,341 RKLB shares, worth approximately $154,000, adding a modest institutional endorsement to the solar-cell catalyst. ARK Invest Adds to Rocket Lab Stake
• Neutral Sentiment: Rocket Lab continues to benefit from strong revenue growth and approximately $2.4 billion in cash, giving it funding to develop Neutron. However, investors still lack a firm first-launch date, leaving the stock dependent on future execution. Rocket Lab Stock Climbs Yet Neutron Launch Date Remains Out of Reach
• Negative Sentiment: Neutron’s next expected milestone is delivery to the launch pad rather than an actual launch. The continued schedule uncertainty is weighing on investors who view the medium-lift rocket as central to Rocket Lab’s long-term growth story. Rocket Lab’s Next Neutron Milestone
• Negative Sentiment: Rocket Lab remains down significantly since its latest earnings report after missing the quarterly EPS estimate, despite beating revenue expectations. Analysts and investors are also cautious about the stock’s high valuation and ongoing losses. A broader space-sector selloff, partly triggered by a large SpaceX insider-share unlock, is adding pressure. Rocket Lab Down Since Earnings Report

Rocket Lab Stock Down 4.3%

NASDAQ:RKLB opened at $63.07 on Thursday. The business's fifty day moving average price is $73.10 and its 200 day moving average price is $84.67. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $37.74 billion, a price-to-earnings ratio of -233.58 and a beta of 2.60. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00.

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

Insider Activity

In other news, SVP Arjun Kampani sold 6,034 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the completion of the sale, the senior vice president directly owned 250,917 shares of the company's stock, valued at $16,723,618.05. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Adam C. Spice sold 140,157 shares of Rocket Lab stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total value of $8,778,032.91. Following the sale, the chief financial officer owned 1,155,967 shares of the company's stock, valued at approximately $72,398,213.21. This represents a 10.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,624,371 shares of company stock valued at $312,944,881. 8.40% of the stock is currently owned by company insiders.

About Rocket Lab

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.

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.