Ancora Advisors LLC Sells 12,000 Shares of Rocket Lab Corporation $RKLB

Ancora Advisors LLC cut its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 77.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the rocket manufacturer's stock after selling 12,000 shares during the quarter. Ancora Advisors LLC's holdings in Rocket Lab were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RKLB. Vanguard Group Inc. increased its stake in shares of Rocket Lab by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares during the last quarter. Invesco Ltd. increased its stake in shares of Rocket Lab by 56.1% during the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock worth $66,840,000 after purchasing an additional 1,343,518 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Rocket Lab during the 4th quarter worth about $72,623,000. Westfield Capital Management Co. LP increased its stake in shares of Rocket Lab by 2.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock worth $46,247,000 after purchasing an additional 65,255 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Rocket Lab by 6.4% during the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock worth $38,057,000 after purchasing an additional 128,907 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Transactions at Rocket Lab

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the completion of the sale, the director owned 419,569 shares of the company's stock, valued at $14,005,213.22. The trade was a 1.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew Ocko sold 820,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the sale, the director directly owned 1,083,053 shares of the company's stock, valued at approximately $28,170,208.53. This trade represents a 43.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,032,706 shares of company stock valued at $27,015,105 in the last three months. Insiders own 11.90% of the company's stock.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $45.84 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $21.97 billion, a P/E ratio of -101.87 and a beta of 2.17. Rocket Lab Corporation has a 12-month low of $5.74 and a 12-month high of $53.44. The firm has a 50-day moving average price of $43.93 and a two-hundred day moving average price of $30.14.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RKLB. Bank of America boosted their price objective 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. Citigroup reiterated a "buy" rating and issued a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a research note on Wednesday, September 3rd. Craig Hallum initiated coverage on shares of Rocket Lab in a research note on Monday, July 28th. They issued a "hold" rating and a $51.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.27.

About Rocket Lab

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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