Rocket Lab Corporation $RKLB Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has reduced its stake in Rocket Lab Corporation by 25.1%, selling 60,127 shares during the first quarter.
• A director of Rocket Lab, Matthew Ocko, sold 820,000 shares recently, resulting in a 43.09% decrease in his ownership.
• Analyst target prices for Rocket Lab's stock have been raised, with several firms setting a target at $50.00 and maintaining a "buy" rating.

HighTower Advisors LLC lowered its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 25.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,643 shares of the rocket manufacturer's stock after selling 60,127 shares during the period. HighTower Advisors LLC's holdings in Rocket Lab were worth $3,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RKLB. Wellington Management Group LLP acquired a new stake in shares of Rocket Lab in the fourth quarter worth approximately $17,261,000. SG Americas Securities LLC raised its position in shares of Rocket Lab by 2,186.7% in the first quarter. SG Americas Securities LLC now owns 353,522 shares of the rocket manufacturer's stock valued at $6,321,000 after buying an additional 338,062 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Rocket Lab by 52.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer's stock worth $1,049,000 after buying an additional 20,076 shares in the last quarter. Smith Anglin Financial LLC boosted its position in Rocket Lab by 132.1% during the first quarter. Smith Anglin Financial LLC now owns 27,261 shares of the rocket manufacturer's stock worth $487,000 after acquiring an additional 15,515 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in Rocket Lab by 155.7% during the 1st quarter. Mizuho Markets Americas LLC now owns 785,471 shares of the rocket manufacturer's stock valued at $14,044,000 after acquiring an additional 478,333 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rocket Lab

In other news, Director Merline Saintil sold 6,353 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total transaction of $212,063.14. Following the sale, the director owned 419,569 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arjun Kampani sold 5,194 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $155,820.00. Following the sale, the insider owned 530,230 shares in the company, valued at approximately $15,906,900. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,130,995 shares of company stock valued at $29,686,039 in the last 90 days. Corporate insiders own 11.90% of the company's stock.

Rocket Lab Trading Up 6.9%

Shares of Rocket Lab stock traded up $2.85 on Friday, reaching $44.38. The company had a trading volume of 18,714,961 shares, compared to its average volume of 18,077,476. The firm's 50 day moving average price is $40.74 and its two-hundred day moving average price is $28.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. Rocket Lab Corporation has a 52-week low of $5.74 and a 52-week high of $53.44. The firm has a market cap of $21.27 billion, a PE ratio of -98.62 and a beta of 2.17.

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 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 company 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) EPS. 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. Sell-side analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $55.00 target price (up from $45.00) on shares of Rocket Lab in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Roth Capital upped their target price on Rocket Lab from $25.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Rocket Lab in a report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.