8,985 Shares in Rocket Lab Corporation $RKLB Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC acquired 8,985 shares of Rocket Lab Corporation ($RKLB) in the second quarter, valued at approximately $321,000.
• Rocket Lab reported a revenue increase of 35.9% year-over-year for the last quarter, with total revenue of $144.50 million, despite missing earnings expectations.
• Multiple analysts have recently upgraded Rocket Lab's stock ratings, with target prices reaching as high as $83.00, indicating a generally positive outlook among Wall Street analysts.

Apollon Wealth Management LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,985 shares of the rocket manufacturer's stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted 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 valued at $35,000 after acquiring an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC increased its stake in Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. ORG Partners LLC increased its stake in Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after purchasing an additional 910 shares in the last quarter. GAMMA Investing LLC increased its stake in Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after purchasing an additional 405 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Rocket Lab by 39.8% in the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock valued at $56,000 after purchasing an additional 887 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors.

Rocket Lab Price Performance

RKLB opened at $66.27 on Friday. 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 firm's fifty day moving average price is $50.68 and its two-hundred day moving average price is $37.28. Rocket Lab Corporation has a 1 year low of $10.29 and a 1 year high of $73.97. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of -147.27 and a beta of 2.14.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on RKLB shares. Robert W. Baird started coverage on Rocket Lab in a research note on Wednesday. They issued an "outperform" rating and a $83.00 target price for the company. 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 upped their target price on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Baird R W raised Rocket Lab to a "strong-buy" rating in a research report on Thursday. Finally, Craig Hallum assumed coverage on shares of Rocket Lab in a research note on Monday, July 28th. They set a "hold" rating and a $51.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rocket Lab has an average rating of "Moderate Buy" and an average target price of $51.75.

Insider Activity

In related news, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction 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 in the company, valued at approximately $26,101,553.20. This trade represents a 77.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Arjun Kampani sold 31,185 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $1,527,129.45. Following the sale, the senior vice president owned 499,045 shares in the company, valued at $24,438,233.65. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Corporate 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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