Cavalier Investments LLC Has $202,000 Stock Position in Rocket Lab Corporation $RKLB

Key Points

• Cavalier Investments cut its Rocket Lab position by 99.3% in the second quarter, selling 273,012 shares and retaining 1,988 shares valued at approximately $202,000.
• Institutional investors remain heavily involved, owning 71.78% of Rocket Lab; BlackRock acquired a new position worth about $4.1 billion, while several other major firms increased their stakes.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $110.35 price target, but Rocket Lab missed its quarterly EPS estimate and insiders sold significant shares during the quarter.

Cavalier Investments LLC cut its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 99.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,988 shares of the rocket manufacturer's stock after selling 273,012 shares during the period. Cavalier Investments LLC's holdings in Rocket Lab were worth $202,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RKLB. BlackRock Inc. acquired a new position in shares of Rocket Lab during the 2nd quarter worth $4,124,970,000. Capital World Investors boosted its stake in Rocket Lab by 12.0% in the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer's stock valued at $1,130,172,000 after buying an additional 1,738,623 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Rocket Lab in the second quarter valued at about $245,764,000. State Street Corp grew its position in Rocket Lab by 1.0% in the fourth quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer's stock valued at $873,411,000 after acquiring an additional 120,652 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Rocket Lab by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer's stock worth $626,605,000 after acquiring an additional 825,158 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RKLB. Wall Street Zen cut shares of Rocket Lab from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Stifel Nicolaus set a $132.00 price target on shares of Rocket Lab in a report on Thursday, June 4th. KeyCorp reiterated an "overweight" rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Roth Capital set a $110.00 price objective on shares of Rocket Lab in a research note on Tuesday, August 11th. Finally, KGI Securities upgraded shares of Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 target price on the stock in a research report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rocket Lab presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.35.

Rocket Lab Price Performance

Rocket Lab stock opened at $63.94 on Tuesday. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $38.26 billion, a PE ratio of -236.81 and a beta of 2.60. Rocket Lab Corporation has a 12 month low of $37.57 and a 12 month high of $151.00. The stock has a 50-day moving average price of $77.07 and a two-hundred day moving average price of $84.98.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%.The firm had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. Analysts expect that Rocket Lab Corporation will post -0.2 EPS for the current year.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, insider Marvin Bradford Clevenger sold 15,051 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the sale, the insider directly owned 458,924 shares of the company's stock, valued at $31,954,878.12. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Frank Klein sold 35,558 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the completion of the transaction, the insider owned 925,737 shares of the company's stock, valued at approximately $61,663,341.57. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,484,214 shares of company stock worth $304,166,848 over the last quarter. Insiders own 8.40% of the company's stock.

More Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Bank of America lowered its price target modestly to $110 from $115 but maintained a Buy rating, indicating the analyst still sees substantial long-term upside. Rocket Lab Stock Outlook
• Positive Sentiment: Rocket Lab is expanding its role as a vertically integrated space-services provider. Recent developments include a Viasat satellite-bus award, participation in the U.S. Space Force’s NITE-STAR program—which has a contract ceiling of $981 million—and a full-flight Neutron launch contract with Kepler Communications. These awards support the company’s defense and satellite-systems growth prospects. Rocket Lab Defense Role
• Neutral Sentiment: Broader investor interest in space stocks remains elevated after Elon Musk backed a presidential plan to develop America’s next generation of space leaders. The initiative could benefit the sector over time, but its immediate financial impact on RKLB is uncertain. Space Leaders Initiative
• Negative Sentiment: Strong winds delayed Rocket Lab’s Synspective “Owl Around The World” Electron mission, pushing the launch to no earlier than September 1. Launch delays can pressure near-term revenue expectations and investor sentiment. Electron Launch Delay
• Negative Sentiment: Rocket Lab’s stock has flashed a technical “death cross,” reflecting deterioration in momentum after its earlier rally. The reversal has heightened concerns that further selling could occur, even as some high-profile investors continue to view the company’s space exposure favorably. Rocket Lab Death Cross
• Negative Sentiment: Executives disclosed sizable share sales: President Steve Ward sold approximately $1.0 million of stock, while COO Frank Klein sold about $2.4 million. Although the sales represent only a portion of their holdings, insider selling can reinforce concerns about valuation and near-term performance. Rocket Lab President Share Sale Rocket Lab COO Share Sale

Rocket Lab Company Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company's primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company's propulsion capabilities.

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