18,829 Shares in Rocket Lab Corporation $RKLB Purchased by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. has invested approximately $337,000 in Rocket Lab Corporation by acquiring 18,829 shares, marking a new stake in the company.
• Several institutional investors, including Envestnet Asset Management and Price T Rowe Associates, have also significantly increased their holdings in Rocket Lab during the fourth quarter.
• Analysts have raised their price targets for Rocket Lab, with projections ranging from $35.00 to $54.00, reflecting a generally bullish outlook on the company's performance.

Freedom Investment Management Inc. acquired a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,829 shares of the rocket manufacturer's stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Rocket Lab by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock worth $28,000 after buying an additional 860 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in Rocket Lab in the 1st quarter valued at $29,000. Quarry LP acquired a new stake in Rocket Lab in the 4th quarter valued at $48,000. Farther Finance Advisors LLC increased its holdings in Rocket Lab by 181.1% in 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 in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Rocket Lab by 1,000.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock valued at $49,000 after purchasing an additional 1,750 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup reiterated a "buy" rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Roth Capital increased their price target on Rocket Lab from $25.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target (up from $45.00) on shares of Rocket Lab in a report on Friday, August 8th. Bank of America raised their target price on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group initiated coverage on Rocket Lab in a research note on Monday, June 30th. They set a "neutral" rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Rocket Lab presently has an average rating of "Moderate Buy" and an average target price of $42.27.

Rocket Lab Stock Up 1.4%

NASDAQ:RKLB traded up $0.69 during mid-day trading on Friday, reaching $48.60. The stock had a trading volume of 15,851,315 shares, compared to its average volume of 20,593,792. The company has a market capitalization of $23.30 billion, a price-to-earnings ratio of -108.00 and a beta of 2.17. Rocket Lab Corporation has a 1-year low of $5.74 and a 1-year high of $53.44. The stock's 50 day simple moving average is $42.73 and its two-hundred day simple moving average is $29.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. During the same quarter last year, the business posted ($0.08) earnings per share. The firm'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. Equities analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity at Rocket Lab

In other Rocket Lab news, Director Merline Saintil sold 6,353 shares of Rocket Lab stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total transaction of $212,063.14. Following the transaction, the director directly owned 419,569 shares in the company, valued at approximately $14,005,213.22. The trade was a 1.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew Ocko sold 820,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the transaction, the director owned 1,083,053 shares in the company, valued at approximately $28,170,208.53. This represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,049,276 shares of company stock worth $27,481,440 over the last ninety days. Insiders own 11.90% of the company's stock.

Rocket Lab 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.