Connective Portfolio Management LLC Buys New Holdings in Rocket Lab Corporation $RKLB

Key Points

• Connective Portfolio Management LLC acquired a new stake in Rocket Lab Corporation, purchasing 48,000 shares valued at approximately $1,717,000, making Rocket Lab its 10th largest holding.
• Institutional investors now own 71.78% of Rocket Lab's stock, with significant holdings including Zevenbergen Capital Investments LLC, which boosted its stake by 538.1%.
• Rocket Lab's stock currently has a market cap of $25.90 billion, and although it reported a revenue of $144.50 million in its latest quarter, it posted an earnings per share of ($0.13), missing analyst expectations.

Connective Portfolio Management LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,000 shares of the rocket manufacturer's stock, valued at approximately $1,717,000. Rocket Lab makes up approximately 3.7% of Connective Portfolio Management LLC's holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teamwork Financial Advisors LLC bought a new stake in Rocket Lab in the 2nd quarter valued at about $379,000. Zevenbergen Capital Investments LLC boosted its stake in Rocket Lab by 538.1% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer's stock valued at $38,716,000 after purchasing an additional 912,726 shares during the last quarter. HBW Advisory Services LLC acquired a new position in Rocket Lab during the 2nd quarter valued at about $227,000. Voya Investment Management LLC boosted its stake in Rocket Lab by 186.0% during the 1st quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock valued at $24,984,000 after purchasing an additional 908,808 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Rocket Lab by 9.6% during the 1st quarter. Rhumbline Advisers now owns 525,018 shares of the rocket manufacturer's stock valued at $9,387,000 after purchasing an additional 45,889 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Merline Saintil sold 6,353 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total value of $212,063.14. Following the transaction, the director owned 419,569 shares in the company, valued at approximately $14,005,213.22. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company's stock.

Rocket Lab Price Performance

Rocket Lab stock opened at $54.04 on Tuesday. Rocket Lab Corporation has a 12 month low of $7.00 and a 12 month high of $55.17. 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 business's 50 day simple moving average is $45.55 and its 200 day simple moving average is $31.32. The company has a market cap of $25.90 billion, a price-to-earnings ratio of -120.09 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) 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 firm had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. During the same quarter in the previous year, the company posted ($0.08) EPS. Rocket Lab's revenue for the quarter was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RKLB. KeyCorp lifted their price target on Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, August 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 target price on the stock. Citigroup reiterated a "buy" rating and set a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Cantor Fitzgerald lifted their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus lifted their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Rocket Lab currently has an average rating of "Moderate Buy" and an average price target 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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