Ieq Capital LLC Sells 77,801 Shares of Rocket Lab Corporation $RKLB

Key Points

• Ieq Capital LLC has reduced its stake in Rocket Lab Corporation by 22.6%, now holding approximately 0.06% of the company, valued at about $4.77 million.
• A variety of other hedge funds have increased their positions in Rocket Lab during the first quarter, with some firms like Versant Capital Management raising their stake by 118.1%.
• Analysts have boosted their price targets for Rocket Lab, with Stifel Nicolaus raising theirs from $34.00 to $55.00, and an average target price of **$42.27** reported across several ratings.

Ieq Capital LLC lowered its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,709 shares of the rocket manufacturer's stock after selling 77,801 shares during the quarter. Ieq Capital LLC owned approximately 0.06% of Rocket Lab worth $4,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of RKLB. Envestnet Asset Management Inc. grew its stake in Rocket Lab by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,747 shares of the rocket manufacturer's stock valued at $554,000 after acquiring an additional 696 shares in the last quarter. NewEdge Advisors LLC lifted 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 worth $49,000 after purchasing an additional 1,750 shares during the last quarter. Marshall Wace LLP acquired a new stake in Rocket Lab in the 4th quarter worth approximately $322,000. Stifel Financial Corp lifted its holdings in shares of Rocket Lab by 18.5% during the fourth quarter. Stifel Financial Corp now owns 77,087 shares of the rocket manufacturer's stock worth $1,963,000 after buying an additional 12,042 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Rocket Lab by 315.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 807,521 shares of the rocket manufacturer's stock worth $20,569,000 after buying an additional 613,365 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Performance

NASDAQ:RKLB traded up $0.69 during trading hours on Friday, reaching $48.60. The company had a trading volume of 15,851,315 shares, compared to its average volume of 20,560,366. The stock has a 50-day moving average of $42.73 and a two-hundred day moving average of $29.48. Rocket Lab Corporation has a one year low of $5.74 and a one year high of $53.44. 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 (NASDAQ:RKLB - Get Free Report) last announced its quarterly 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 last year, the company earned ($0.08) earnings per share. The business's revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RKLB shares. Bank of America boosted their price objective on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective (up from $45.00) on shares of Rocket Lab in a research report on Friday, August 8th. Cantor Fitzgerald boosted their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. KeyCorp boosted their price objective on Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Citigroup restated a "buy" rating and set a $50.00 price objective (up from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.27.

Insider Buying and Selling

In other news, insider Arjun Kampani sold 5,194 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $30.00, for a total transaction of $155,820.00. Following the sale, the insider owned 530,230 shares in the company, valued at approximately $15,906,900. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Klein sold 2,546 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $76,380.00. Following the sale, the insider owned 1,365,826 shares in the company, valued at $40,974,780. The trade was a 0.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,049,276 shares of company stock valued at $27,481,440. 11.90% of the stock is currently owned by insiders.

About Rocket Lab

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.