Fund Advisors of America Inc FL Buys Shares of 7,010 Rocket Lab Corporation $RKLB

Key Points

• Fund Advisors of America bought 7,010 Rocket Lab shares worth approximately $713,000, while institutional investors collectively own 71.78% of the company.
• Rocket Lab’s shares opened at $72.57, well below the 52-week high of $151.00. The company missed quarterly EPS expectations at a loss of $0.08 per share, although revenue of $234.07 million exceeded forecasts.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $110.65, but Rocket Lab remains unprofitable and insiders sold substantial shares during the last quarter, adding valuation and sentiment risks.

Fund Advisors of America Inc FL bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,010 shares of the rocket manufacturer's stock, valued at approximately $713,000.

Several other large investors also recently modified their holdings of the stock. Versant Capital Management Inc increased its position in Rocket Lab by 5.1% in the second quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer's stock worth $208,000 after buying an additional 100 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of Rocket Lab by 7.1% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer's stock worth $120,000 after acquiring an additional 124 shares in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of Rocket Lab by 3.9% in the first quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer's stock valued at $213,000 after acquiring an additional 125 shares during the period. Quadcap Wealth Management LLC boosted its stake in Rocket Lab by 2.3% during the fourth quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer's stock valued at $436,000 after buying an additional 140 shares during the period. Finally, Parvin Asset Management LLC lifted its position in Rocket Lab by 4.0% during the first quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer's stock valued at $235,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Down 0.5%

NASDAQ RKLB opened at $72.57 on Friday. Rocket Lab Corporation has a 52 week low of $37.57 and a 52 week high of $151.00. The company has a market capitalization of $43.42 billion, a P/E ratio of -268.77 and a beta of 2.60. The stock's 50-day moving average price is $81.86 and its 200-day moving average price is $85.21. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01.

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

Wall Street Analysts Forecast Growth

RKLB has been the subject of a number of recent research reports. Stifel Nicolaus set a $132.00 price objective on shares of Rocket Lab in a report on Thursday, June 4th. KGI Securities upgraded Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 target price for the company in a research note on Monday, July 27th. Craig Hallum boosted their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. New Street Research assumed coverage on shares of Rocket Lab in a research note on Wednesday, May 13th. They issued a "buy" rating and a $150.00 price target on the stock. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $130.00 target price on shares of Rocket Lab in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.65.

Insider Buying and Selling

In other Rocket Lab news, insider Frank Klein sold 44,390 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total value of $6,328,682.30. Following the completion of the transaction, the insider directly owned 1,043,847 shares in the company, valued at $148,821,266.79. This represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Adam C. Spice sold 62,744 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $8,945,412.08. Following the transaction, the chief financial officer owned 983,049 shares of the company's stock, valued at approximately $140,153,295.93. This represents a 6.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 3,749,294 shares of company stock worth $351,008,208 in the last quarter. 8.40% of the stock is owned by insiders.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab successfully completed its 93rd Electron mission, deploying an Earth-imaging satellite for Japan’s iQPS. The launch was the company’s 14th of 2026 and extended a 100% success streak for iQPS missions. Nine additional dedicated iQPS launches are booked through 2030, supporting future revenue visibility. Rocket Lab launches 93rd Electron mission
• Positive Sentiment: Recent U.S. Space Force and defense awards are strengthening Rocket Lab’s position as a national-security contractor. Highlights include participation in the NITE-STAR program, with a potential ceiling of $981 million, a protected military communications satellite-bus role, the $397 million Flatellite contract, and a record $266 million missile-defense launch award. The company’s backlog reportedly exceeds $2.3 billion.
• Positive Sentiment: CEO Peter Beck said the proposed $8 billion Iridium acquisition is intended to expand Rocket Lab’s satellite-communications capabilities without directly competing with SpaceX’s Starlink. Management is positioning the deal as a differentiated communications offering, although investors will weigh its strategic benefits against transaction and execution risks. Rocket Lab CEO discusses Iridium deal
• Neutral Sentiment: Analysts remain broadly optimistic, with a reported median price target of $120 and a separate consensus average of $110.65. However, these targets depend heavily on continued contract growth and successful Neutron development.
• Negative Sentiment: Rocket Lab remains unprofitable and recently missed quarterly EPS expectations despite beating revenue estimates. Heavy spending on Neutron has pressured margins, while a first-stage tank issue has pushed Neutron’s debut to the fourth quarter, delaying a major potential growth catalyst.
• Negative Sentiment: Valuation remains demanding after the sell-off, with the company trading at a very high sales multiple and carrying a negative earnings profile. In addition, reports show extensive insider selling—including sales by CEO Peter Beck—without reported insider purchases, which may weigh on sentiment.
• Negative Sentiment: Higher oil prices and rising long-term interest rates have raised concerns about an economic slowdown and weaker industrial orders across aerospace-related stocks. The post-IPO volatility in SpaceX has also continued to pressure the broader space sector.

Rocket Lab Company Profile

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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