Avior Wealth Management LLC Acquires Shares of 6,758 Rocket Lab Corporation $RKLB

Key Points

• Avior Wealth Management LLC has acquired 6,758 shares of Rocket Lab Corporation, valued at approximately $242,000, indicating growing institutional interest in the company.
• Rocket Lab reported a quarterly earnings miss with earnings per share of ($0.13), yet revenue increased by 35.9% year-over-year to $144.50 million.
• Insider selling has been significant, with CEO Peter Beck selling 1,436,442 shares, reducing his ownership stake by 36.49%.

Avior Wealth Management LLC acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,758 shares of the rocket manufacturer's stock, valued at approximately $242,000.

A number of other hedge funds also recently bought and sold shares of RKLB. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Rocket Lab during the 2nd quarter valued at approximately $192,918,000. Vanguard Group Inc. raised its position 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 valued at $715,728,000 after buying an additional 3,833,969 shares during the period. Invesco Ltd. raised its position 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 valued at $66,840,000 after buying an additional 1,343,518 shares during the period. Nuveen LLC purchased a new stake in shares of Rocket Lab during the 1st quarter valued at approximately $23,964,000. Finally, Zevenbergen Capital Investments LLC raised its position in shares of Rocket Lab by 538.1% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer's stock valued at $38,716,000 after buying an additional 912,726 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Insiders Place Their Bets

In other news, SVP Arjun Kampani sold 9,416 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total value of $449,143.20. Following the completion of the sale, the senior vice president directly owned 489,629 shares of the company's stock, valued at approximately $23,355,303.30. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the sale, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is owned by insiders.

Rocket Lab Price Performance

Rocket Lab stock opened at $47.97 on Thursday. Rocket Lab Corporation has a 12-month low of $8.80 and a 12-month high of $55.17. The stock has a market cap of $23.22 billion, a P/E ratio of -106.60 and a beta of 2.14. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $46.35 and a 200-day simple moving average of $33.60.

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

Analyst Ratings Changes

Several research firms have recently commented on RKLB. Citigroup reaffirmed a "buy" rating and set a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. 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 report on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of Rocket Lab in a research report on Wednesday, September 3rd. Cantor Fitzgerald increased their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group started coverage on shares of Rocket Lab in a research report on Monday, June 30th. They set a "neutral" rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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