Baader Bank Aktiengesellschaft Takes Position in Rocket Lab Corporation $RKLB

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Rocket Lab Corporation, purchasing 14,157 shares valued at approximately $506,000 in the second quarter.
• Rocket Lab reported a quarterly loss of ($0.13) EPS, missing analysts' expectations, but revenue grew by 35.9% year-over-year, reaching $144.50 million.
• Institutional investors collectively own 71.78% of Rocket Lab's stock, indicating significant institutional interest in the company.

Baader Bank Aktiengesellschaft acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 14,157 shares of the rocket manufacturer's stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of Rocket Lab by 118.1% during the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in shares of Rocket Lab during the first quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its holdings in shares of Rocket Lab by 181.1% during the first 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 in the last quarter. Spectrum Wealth Counsel LLC raised its holdings in shares of Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Rocket Lab by 39.8% during the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock valued at $56,000 after acquiring an additional 887 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Rocket Lab Trading Up 1.3%

Shares of Rocket Lab stock traded up $0.61 on Friday, reaching $47.79. The company had a trading volume of 26,803,207 shares, compared to its average volume of 21,784,992. The firm has a market cap of $22.91 billion, a price-to-earnings ratio of -106.20 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 firm's 50-day moving average price is $46.24 and its two-hundred day moving average price is $32.02. Rocket Lab Corporation has a 1 year low of $7.13 and a 1 year high of $55.17.

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). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. 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, research analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RKLB has been the subject of a number of recent analyst reports. Citigroup reiterated a "buy" rating and issued a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Stifel Nicolaus increased their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group initiated coverage on Rocket Lab in a report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of Rocket Lab in a report on Wednesday, September 3rd. Finally, Cantor Fitzgerald increased their price objective on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.27.

Insider Activity

In related news, CFO Adam C. Spice sold 68,254 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total transaction of $3,342,398.38. Following the completion of the sale, the chief financial officer directly owned 1,064,981 shares in the company, valued at $52,152,119.57. This represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Arjun Kampani sold 9,416 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total value of $449,143.20. Following the sale, the senior vice president owned 489,629 shares of the company's stock, valued at $23,355,303.30. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,538,126 shares of company stock worth $225,707,066 over the last ninety days. 11.90% of the stock is currently owned by corporate insiders.

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.