Commerce Bank Takes Position in Rocket Lab Corporation $RKLB

Key Points

• Commerce Bank acquired 20,711 Rocket Lab shares during the second quarter, valued at approximately $2.1 million. Institutional investors now own 71.78% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $110.65; several firms recently raised their targets to between $110 and $122.
• Rocket Lab’s stock was trading at $68.28 after falling 5.9%, while the company remains unprofitable and missed its latest EPS estimate. Insiders also sold roughly $329.4 million in shares over the past 90 days.

Commerce Bank acquired a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,711 shares of the rocket manufacturer's stock, valued at approximately $2,105,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Rocket Lab in the second quarter valued at about $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Rocket Lab during the fourth quarter worth about $27,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Rocket Lab in the second quarter valued at approximately $39,000. Beacon Investment Advisory Services Inc. increased its stake in shares of Rocket Lab by 364.0% in the second quarter. Beacon Investment Advisory Services Inc. now owns 399 shares of the rocket manufacturer's stock valued at $41,000 after buying an additional 313 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in Rocket Lab in the 4th quarter valued at approximately $28,000. Institutional investors own 71.78% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RKLB. KeyCorp restated 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. Craig Hallum increased their price objective on Rocket Lab from $98.00 to $120.00 and gave the company a "buy" rating in a report on Monday, June 29th. Cantor Fitzgerald raised their target price on Rocket Lab from $96.00 to $122.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Rocket Lab in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.65.

Insider Transactions at Rocket Lab

In other news, insider Frank Klein sold 36,860 shares of the business's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $147.42, for a total value of $5,433,901.20. Following the transaction, the insider directly owned 1,006,987 shares of the company's stock, valued at $148,450,023.54. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alexander R. Slusky sold 60,000 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $149.40, for a total value of $8,964,000.00. Following the sale, the director owned 374,675 shares in the company, valued at approximately $55,976,445. The trade was a 13.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,597,943 shares of company stock worth $329,430,096. Corporate insiders own 8.40% of the company's stock.

Rocket Lab Trading Down 5.9%

NASDAQ:RKLB opened at $68.28 on Tuesday. Rocket Lab Corporation has a 52 week low of $37.57 and a 52 week high of $151.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The firm's fifty day moving average is $81.04 and its 200-day moving average is $85.20. The firm has a market cap of $40.86 billion, a P/E ratio of -252.88 and a beta of 2.60.

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

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab delivered record second-quarter revenue of approximately $234 million and reported a $2.36 billion backlog, providing visibility across its launch and Space Systems businesses. Space Systems is increasingly broadening the company’s growth engine beyond rocket launches. Why I'm Buying Rocket Lab Over SpaceX
• Positive Sentiment: Rocket Lab joined the $981 million NITE-STAR program, potentially expanding its role in space testing, training and mission infrastructure and creating additional government-related opportunities. Can NITE-STAR Expand Rocket Lab's Space Infrastructure Opportunity?
• Positive Sentiment: Management said a successful Neutron test launch could put Rocket Lab on track for positive adjusted EBITDA as soon as the following quarter. Neutron launches are reportedly commanding more than $50 million before the first flight, suggesting strong customer interest and potentially scarce early capacity. Rocket Lab Stock: One Neutron Launch Could Change Its Entire Financial Picture
• Positive Sentiment: The “Hungry Hippo” test article reportedly withstood forces above projected flight levels and has begun flight-like testing ahead of Neutron’s anticipated fourth-quarter debut, supporting investor optimism about development progress. RKLB Stock Rockets Toward Best Month Since May
• Neutral Sentiment: Analysts and market commentators describe the recent sell-off as potentially fading, but investors remain focused on Neutron’s fourth-quarter debut before assigning the company a higher valuation. Rocket Lab's Sell-Off Is Fading—Is It Finally Safe to Buy?
• Negative Sentiment: Rocket Lab remains unprofitable, and its latest quarterly EPS missed expectations. Pre-building multiple Neutron vehicles could accelerate commercialization but risks significant stranded capital if the rocket’s design changes or development is delayed. Rocket Lab: The Hidden Risks No One Talks About

About Rocket Lab

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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