88,790 Rocket Lab Corporation $RKLB Shares Bought by Royal Fund Management LLC

Key Points

• Royal Fund Management increased its Rocket Lab stake by 3,767.1% in the third quarter, purchasing 88,790 additional shares and bringing its holdings to 91,147 shares valued at approximately $6.35 million.
• Institutional investors and hedge funds own 71.78% of Rocket Lab, while insiders sold 400,749 shares worth about $26.96 million over the past 90 days, primarily through pre-arranged plans to cover tax obligations.
• Rocket Lab shares opened at $51.22 after declining 4.6%; the company missed quarterly EPS expectations despite slightly exceeding revenue estimates. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $102.05.

Royal Fund Management LLC boosted its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 3,767.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,147 shares of the rocket manufacturer's stock after acquiring an additional 88,790 shares during the quarter. Royal Fund Management LLC's holdings in Rocket Lab were worth $6,351,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Rocket Lab in the 2nd quarter valued at approximately $4,124,970,000. Bank of New York Mellon Corp bought a new stake in shares of Rocket Lab during the second quarter worth $245,764,000. Bank of America Corp DE bought a new stake in shares of Rocket Lab during the second quarter worth $437,280,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Rocket Lab by 14.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,737,451 shares of the rocket manufacturer's stock worth $278,262,000 after buying an additional 352,094 shares during the last quarter. Finally, Amundi increased its holdings in shares of Rocket Lab by 22.2% during the second quarter. Amundi now owns 2,180,748 shares of the rocket manufacturer's stock worth $221,673,000 after buying an additional 396,639 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rocket Lab

In other news, SVP Arjun Kampani sold 7,754 shares of Rocket Lab stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $539,911.02. Following the completion of the transaction, the senior vice president directly owned 256,951 shares of the company's stock, valued at approximately $17,891,498.13. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marvin Clevenger sold 15,051 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $1,048,001.13. Following the completion of the transaction, the insider directly owned 458,924 shares in the company, valued at $31,954,878.12. This represents a 3.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 400,749 shares of company stock worth $26,964,474. Corporate insiders own 8.40% of the company's stock.

Rocket Lab Trading Down 4.6%

Shares of NASDAQ RKLB opened at $51.22 on Friday. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00. The firm has a fifty day simple moving average of $66.58 and a 200 day simple moving average of $83.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The firm had revenue of $234.07 million during the quarter, compared to analyst estimates 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, equities research analysts predict that Rocket Lab Corporation will post -0.20 EPS for the current fiscal year.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab’s core business continues to expand beyond launches, with most revenue now coming from space systems. Supporters argue this provides a more diversified foundation while the company develops Neutron. Rocket Lab Just Had Another Setback. Here’s Why I’m Finally Buying the Stock Anyway
• Positive Sentiment: Some analysts and institutional investors remain bullish. Cantor Fitzgerald maintained a Buy rating, while Ark Invest reportedly continued purchasing RKLB shares despite the Neutron setback. Cantor Fitzgerald Sticks to Their Buy Rating for Rocket Lab
• Positive Sentiment: Rocket Lab is involved in a NASA Mars mission expected to reach Mars next year, offering a potential high-profile catalyst and evidence of its technical capabilities. Rocket Lab Mars Maneuver Mission
• Neutral Sentiment: Rocket Lab will report third-quarter 2026 results after the market closes on November 9. Investors may use the release and outlook to assess whether current operations can support the company’s premium valuation. Rocket Lab Announces Third-Quarter 2026 Results Date
• Negative Sentiment: The first Neutron launch has been pushed into 2027 after manufacturing defects were found in key carbon-fiber components. The delay raises execution, development-cost and cash-flow concerns while postponing the revenue growth investors expected from the medium-lift rocket. Rocket Lab Stock Plunged After a New Neutron Setback
• Negative Sentiment: Valuation remains a concern: RKLB reportedly trades at roughly 26.6 times forward enterprise value to sales, well above SpaceX and other space companies. Investors are questioning whether Neutron’s future growth can justify that premium. RKLB Valuation and Neutron Analysis
• Negative Sentiment: A broad selloff in high-flying technology and space stocks is adding pressure, making investors less willing to pay elevated multiples for companies that remain unprofitable and dependent on long-term growth expectations. Space Stocks Fall in Technology Selloff

Wall Street Analysts Forecast Growth

Several research firms recently commented on RKLB. Berenberg Bank assumed coverage on shares of Rocket Lab in a research report on Wednesday, September 2nd. They set a "buy" rating and a $83.00 target price on the stock. TD Cowen reaffirmed a "buy" rating and set a $90.00 price target on shares of Rocket Lab in a research note on Thursday, October 15th. KGI Securities upgraded shares of Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 price target on the stock in a report on Monday, July 27th. Cantor Fitzgerald reissued a "mixed" rating and issued a $122.00 price objective on shares of Rocket Lab in a research note on Thursday, October 15th. Finally, Piper Sandler initiated coverage on Rocket Lab in a report on Wednesday, July 15th. They issued a "neutral" rating and a $83.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Rocket Lab has an average rating of "Moderate Buy" and an average price target of $102.05.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space and defense company that develops and operates launch vehicles, spacecraft, satellite components and related space systems. The company serves government, commercial and scientific customers seeking access to orbit and other space-based capabilities.

Rocket Lab's launch business is centered on Electron, a small orbital launch vehicle designed to carry satellites and other payloads into low Earth orbit. The company also develops specialized launch and hypersonic test services through programs such as HASTE, while its Neutron vehicle is intended to provide larger payload capacity and support future commercial and government missions.

Through its space systems business, Rocket Lab produces satellite platforms, flight computers, power systems, solar cells, reaction wheels, separation systems, radios and other components used in spacecraft.

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