Global Financial Private Client LLC Invests $292,000 in Rocket Lab Corporation $RKLB

Key Points

• Global Financial Private Client LLC has acquired a new stake in Rocket Lab Corporation, purchasing 8,153 shares valued at approximately $292,000.
• Institutional investors own 71.78% of Rocket Lab, with significant increases in holdings from firms like Vanguard Group, Invesco, and Voya Investment Management during the first quarter.
• Rocket Lab reported a quarterly revenue of $144.50 million, exceeding analyst estimates, despite a net margin of -45.87% and a loss in earnings per share.

Global Financial Private Client LLC purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 8,153 shares of the rocket manufacturer's stock, valued at approximately $292,000.

Several other hedge funds have also modified their holdings of the stock. Cypress Point Wealth Management LLC acquired a new position in Rocket Lab in the 2nd quarter worth approximately $448,000. Wealth Enhancement Advisory Services LLC boosted its position in Rocket Lab by 4.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 189,742 shares of the rocket manufacturer's stock worth $6,766,000 after buying an additional 7,212 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in Rocket Lab during the 2nd quarter worth $506,000. Westbourne Investments Inc. bought a new stake in shares of Rocket Lab during the second quarter valued at about $304,000. Finally, GEM Asset Management LLC purchased a new position in Rocket Lab during the second quarter valued at $214,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rocket Lab news, CEO Peter Beck sold 1,436,442 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at approximately $121,875,000. This represents a 36.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Adam C. Spice sold 874,588 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at $98,799,250.89. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is currently owned by insiders.

Rocket Lab Stock Performance

NASDAQ RKLB traded up $0.13 on Tuesday, hitting $49.94. 10,088,984 shares of the stock traded hands, compared to its average volume of 20,263,705. The business's fifty day moving average is $46.37 and its two-hundred day moving average is $32.33. Rocket Lab Corporation has a 12 month low of $7.28 and a 12 month high of $55.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of -111.17 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced 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). The company had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. Rocket Lab's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus raised their price target on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Craig Hallum began coverage on Rocket Lab in a research note on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. Cantor Fitzgerald lifted their price target on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Bank of America increased their price target 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, Citigroup restated a "buy" rating and set a $50.00 target price (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

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.