Absolute Gestao de Investimentos Ltda. Makes New $179,000 Investment in Rocket Lab Corporation $RKLB

Key Points

• Absolute Gestao de Investimentos Ltda. has invested $179,000 in Rocket Lab Corporation by acquiring 10,000 shares in the first quarter.
• Several institutional investors significantly increased their stakes in Rocket Lab, with Wellington Management Group LLP acquiring a $17.26 million stake in the company.
• Rocket Lab reported a negative earnings per share of ($0.13) for the last quarter, missing the consensus estimate, despite revenue growth of 35.9% year-over-year.

Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the rocket manufacturer's stock, valued at approximately $179,000.

A number of other institutional investors also recently modified their holdings of RKLB. Vanguard Group Inc. increased its stake 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 purchasing an additional 3,833,969 shares in the last quarter. Invesco Ltd. increased its stake in Rocket Lab by 56.1% in the first 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 in the last quarter. Northern Trust Corp increased its stake in Rocket Lab by 9.5% in the fourth quarter. Northern Trust Corp now owns 3,227,617 shares of the rocket manufacturer's stock valued at $82,207,000 after purchasing an additional 281,339 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Rocket Lab in the fourth quarter valued at $72,623,000. Finally, Westfield Capital Management Co. LP increased its stake in Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock valued at $46,247,000 after purchasing an additional 65,255 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab Price Performance

Shares of RKLB traded down $0.23 during midday trading on Wednesday, hitting $40.69. 20,273,077 shares of the company traded hands, compared to its average volume of 19,992,023. Rocket Lab Corporation has a one year low of $5.74 and a one year high of $53.44. The firm has a market cap of $19.51 billion, a P/E ratio of -90.42 and a beta of 2.17. 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 stock has a 50-day moving average of $40.06 and a 200-day moving average of $28.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The firm had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. During the same quarter last year, the business posted ($0.08) earnings per share. Rocket Lab's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on RKLB shares. KeyCorp lifted their price target on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective (up previously from $45.00) on shares of Rocket Lab in a research note on Friday, August 8th. Stifel Nicolaus boosted their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Craig Hallum initiated coverage on shares of Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. Finally, Citigroup reissued a "buy" rating and set a $50.00 price objective (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Rocket Lab currently has a consensus rating of "Moderate Buy" and an average price target of $42.27.

Insider Activity

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the sale, the director directly owned 419,569 shares in the company, valued at $14,005,213.22. This represents a 1.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank Klein sold 2,546 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $76,380.00. Following the completion of the transaction, the insider owned 1,365,826 shares in the company, valued at $40,974,780. This represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,130,995 shares of company stock valued at $29,686,039. 11.90% of the stock is owned by company insiders.

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.