6,683 Shares in Rocket Lab Corporation $RKLB Purchased by Abel Hall LLC

Key Points

• Abel Hall LLC acquired 6,683 shares of Rocket Lab Corporation, valued at approximately $239,000, in the second quarter, highlighting growing institutional interest in the company.
• Analysts have issued new price targets for Rocket Lab, with Stifel Nicolaus increasing their target from $34.00 to $55.00 and Bank of America from $30.00 to $50.00, indicating confidence in the company’s growth potential.
• Rocket Lab reported a 35.9% year-over-year revenue increase to $144.50 million, despite missing earnings per share estimates, contributing to a negative net margin of 45.87% for the quarter.

Abel Hall LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 6,683 shares of the rocket manufacturer's stock, valued at approximately $239,000.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC increased its position in shares of Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock worth $38,000 after purchasing an additional 910 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 405 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Rocket Lab by 181.1% during 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 in the last quarter. Spectrum Wealth Counsel LLC increased its position in shares of Rocket Lab by 100.0% during the 1st 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 in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock worth $56,000 after purchasing an additional 887 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RKLB. Stifel Nicolaus increased their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a research note on Friday, August 29th. The Goldman Sachs Group initiated coverage on shares of Rocket Lab in a research note on Monday, June 30th. They issued a "neutral" rating and a $27.00 target price for the company. Bank of America boosted their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Citigroup reaffirmed a "buy" rating and issued a $50.00 target price (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.27.

Rocket Lab Trading Up 6.2%

RKLB opened at $65.31 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The company has a market cap of $31.61 billion, a price-to-earnings ratio of -145.13 and a beta of 2.14. The firm has a 50 day simple moving average of $47.61 and a 200 day simple moving average of $34.98. Rocket Lab Corporation has a fifty-two week low of $8.99 and a fifty-two week high of $68.53.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Insider Buying and Selling at Rocket Lab

In related news, insider Frank Klein sold 4,286 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92. Following the completion of the sale, the insider directly owned 1,316,005 shares of the company's stock, valued at $62,799,758.60. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew Ocko sold 1,873,097 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director directly owned 541,526 shares of the company's stock, valued at approximately $26,101,553.20. This trade represents a 77.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 over the last 90 days. Company insiders own 11.90% of the company's stock.

Rocket Lab Company 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.

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