Cavalier Investments LLC Makes New Investment in Rocket Lab Corporation $RKLB

Key Points

• Cavalier Investments LLC has acquired a new stake in Rocket Lab Corporation, purchasing 150,354 shares valued at approximately $5.4 million, making it the firm's 16th largest position.
• Institutional investors and hedge funds own approximately 71.78% of Rocket Lab's stock, with several firms, including Sanders Morris Harris and Pinnacle Wealth Management, recently increasing their holdings.
• Despite posting a revenue increase of 35.9% year-over-year, Rocket Lab reported a negative EPS of ($0.13) for the last quarter, missing analyst estimates by $0.06.

Cavalier Investments LLC purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 150,354 shares of the rocket manufacturer's stock, valued at approximately $5,378,000. Rocket Lab accounts for about 1.6% of Cavalier Investments LLC's holdings, making the stock its 16th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sanders Morris Harris LLC increased its stake in shares of Rocket Lab by 20.4% in the second quarter. Sanders Morris Harris LLC now owns 41,700 shares of the rocket manufacturer's stock valued at $1,492,000 after buying an additional 7,057 shares during the period. Stephens Inc. AR acquired a new stake in shares of Rocket Lab in the second quarter valued at about $1,144,000. Sentry Investment Management LLC acquired a new stake in shares of Rocket Lab in the second quarter valued at about $118,000. Chicago Partners Investment Group LLC increased its stake in shares of Rocket Lab by 1.4% in the second quarter. Chicago Partners Investment Group LLC now owns 81,499 shares of the rocket manufacturer's stock valued at $2,915,000 after buying an additional 1,137 shares during the period. Finally, Pinnacle Wealth Management LLC increased its stake in shares of Rocket Lab by 154.8% in the second quarter. Pinnacle Wealth Management LLC now owns 70,244 shares of the rocket manufacturer's stock valued at $2,513,000 after buying an additional 42,681 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RKLB shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Rocket Lab in a research note on Wednesday, October 8th. The Goldman Sachs Group started coverage on Rocket Lab in a research note on Monday, June 30th. They issued a "neutral" rating and a $27.00 price target for the company. Morgan Stanley increased their price target on Rocket Lab from $20.00 to $68.00 and gave the company an "equal weight" rating in a research note on Monday, October 13th. Bank of America upped their target price on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Stifel Nicolaus upped their target price on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.75.

Rocket Lab Trading Down 2.9%

RKLB opened at $65.40 on Wednesday. Rocket Lab Corporation has a 1-year low of $10.29 and a 1-year high of $73.97. 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 market cap of $31.65 billion, a P/E ratio of -145.33 and a beta of 2.14. The company has a fifty day moving average price of $51.57 and a two-hundred day moving average price of $38.09.

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 (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm's revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. Analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rocket Lab news, CFO Adam C. Spice sold 874,588 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank Klein sold 45,535 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $2,229,848.95. Following the completion of the transaction, the insider owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. The trade was a 3.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.