Dale Q Rice Investment Management Ltd Takes Position in Rocket Lab Corporation $RKLB

Key Points

• Dale Q Rice Investment Management Ltd acquired 9,473 shares of Rocket Lab Corporation worth approximately $339,000 in the 2nd quarter, marking a significant investment in the company.
• Institutional ownership of Rocket Lab stands at 71.78%, with various funds increasing their positions significantly, indicating strong confidence in the company's potential.
• Rocket Lab recently reported a negative earnings per share of ($0.13), missing analysts' estimates, despite a year-over-year revenue increase of 35.9% to $144.5 million.

Dale Q Rice Investment Management Ltd acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,473 shares of the rocket manufacturer's stock, valued at approximately $339,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after purchasing an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC increased its position in Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after purchasing an additional 1,000 shares during the period. ORG Partners LLC increased its position in Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after purchasing an additional 910 shares during the period. GAMMA Investing LLC increased its position in Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after purchasing an additional 405 shares during the period. Finally, National Bank of Canada FI increased its position in Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock valued at $56,000 after purchasing an additional 887 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RKLB. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of Rocket Lab in a research report on Wednesday, September 3rd. Citigroup reissued a "buy" rating and set a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Robert W. Baird assumed coverage on shares of Rocket Lab in a research report on Wednesday. They set an "outperform" rating and a $83.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Rocket Lab has a consensus rating of "Moderate Buy" and a consensus target price of $51.75.

Insider Transactions at Rocket Lab

In other Rocket Lab news, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the completion of the sale, the chief executive officer owned 2,500,000 shares in the company, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank Klein sold 4,286 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92. Following the completion of the sale, the insider owned 1,316,005 shares of the company's stock, valued at approximately $62,799,758.60. This trade represents a 0.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company's stock.

Rocket Lab Price Performance

Shares of RKLB opened at $66.27 on Friday. The stock has a market cap of $32.07 billion, a P/E ratio of -147.27 and a beta of 2.14. Rocket Lab Corporation has a 12-month low of $10.29 and a 12-month high of $73.97. The business's fifty day moving average is $50.68 and its 200 day moving average is $37.28. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The firm'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. Sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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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