Clear Creek Financial Management LLC Buys Shares of 40,636 Rocket Lab Corporation $RKLB

Key Points

• Clear Creek Financial Management LLC purchased 40,636 shares of Rocket Lab Corporation for approximately $1.45 million during the second quarter.
• Institutional investors and hedge funds collectively own 71.78% of Rocket Lab's stock, indicating significant institutional interest in the company.
• Rocket Lab reported a negative EPS of ($0.13) for the recent quarter, missing consensus estimates, though its revenue increased by 35.9% compared to the previous year.

Clear Creek Financial Management LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,636 shares of the rocket manufacturer's stock, valued at approximately $1,454,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Rocket Lab by 10.6% in 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 last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $192,918,000. Invesco Ltd. grew its holdings 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 worth $66,840,000 after purchasing an additional 1,343,518 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Rocket Lab by 2.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock worth $46,247,000 after purchasing an additional 65,255 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Rocket Lab by 6.4% during the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock worth $38,057,000 after purchasing an additional 128,907 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab Price Performance

Rocket Lab stock opened at $66.42 on Friday. 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 company has a market capitalization of $32.14 billion, a PE ratio of -147.60 and a beta of 2.14. Rocket Lab Corporation has a one year low of $9.20 and a one year high of $68.54. The business has a 50 day simple moving average of $48.02 and a 200 day simple moving average of $35.30.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $135.42 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Transactions at Rocket Lab

In other Rocket Lab news, CFO Adam C. Spice sold 874,588 shares of Rocket Lab stock in a transaction 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 completion of the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. The trade was a 29.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank Klein sold 45,535 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The shares were 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 of the company's stock, 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 worth $267,483,973. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RKLB has been the topic of several recent research reports. Stifel Nicolaus lifted 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. Citigroup reissued a "buy" rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rocket Lab in a report on Wednesday. KeyCorp lifted their price objective on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Roth Capital reissued a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

Rocket Lab Company Profile

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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