Blair William & Co. IL grew its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,772 shares of the rocket manufacturer's stock after acquiring an additional 14,799 shares during the period. Blair William & Co. IL's holdings in Rocket Lab were worth $7,253,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of RKLB. GAMMA Investing LLC raised its position in shares of Rocket Lab by 3,319.2% during the 1st quarter. GAMMA Investing LLC now owns 19,900 shares of the rocket manufacturer's stock valued at $356,000 after purchasing an additional 19,318 shares during the period. Farther Finance Advisors LLC raised 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 purchasing an additional 1,226 shares during the period. Handelsbanken Fonder AB raised its position in shares of Rocket Lab by 5.3% during the 1st quarter. Handelsbanken Fonder AB now owns 85,100 shares of the rocket manufacturer's stock valued at $1,522,000 after purchasing an additional 4,300 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Rocket Lab by 6.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 42,022 shares of the rocket manufacturer's stock valued at $751,000 after purchasing an additional 2,715 shares during the period. Finally, FNY Investment Advisers LLC raised its position in shares of Rocket Lab by 356.4% during the 1st quarter. FNY Investment Advisers LLC now owns 5,249 shares of the rocket manufacturer's stock valued at $93,000 after purchasing an additional 4,099 shares during the period. 71.78% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Rocket Lab
In other news, SVP Arjun Kampani sold 31,185 shares of the stock in a transaction on Tuesday, September 16th. The shares were 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 represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction on Tuesday, September 16th. The stock was 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 owned 2,500,000 shares in the company, valued at $121,875,000. The trade was a 36.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,406,361 shares of company stock worth $267,483,973 in the last three months. 11.90% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on RKLB. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rocket Lab in a report on Wednesday. Bank of America lifted their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Citigroup reiterated a "buy" rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.
View Our Latest Analysis on Rocket Lab
Rocket Lab Price Performance
Rocket Lab stock opened at $64.26 on Friday. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of -142.80 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. Rocket Lab Corporation has a 1 year low of $9.20 and a 1 year high of $73.50. The firm has a 50-day moving average of $48.41 and a two-hundred day moving average of $35.71.
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 the consensus estimate of ($0.07) by ($0.06). The business had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.Rocket Lab's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.
About Rocket Lab
(
Free Report)
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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