International Assets Investment Management LLC Takes $441,000 Position in Rocket Lab Corporation $RKLB

Key Points

• International Assets Investment Management LLC has purchased a new position in Rocket Lab Corporation, acquiring 12,340 shares valued at approximately $441,000 during the 2nd quarter.
• Insider Frank Klein sold 45,535 shares for about $2.23 million, while CEO Peter Beck sold 1.4 million shares for approximately $70 million, representing significant decreases in their holdings.
• Rocket Lab's latest quarterly report revealed a missing EPS estimate with losses of ($0.13) per share, despite a revenue increase to $144.50 million, up 35.9% year-over-year.

International Assets Investment Management LLC purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,340 shares of the rocket manufacturer's stock, valued at approximately $441,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in shares of Rocket Lab by 1.9% during the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer's stock valued at $442,000 after buying an additional 234 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after buying an additional 405 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Rocket Lab by 4.0% during the 1st quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer's stock valued at $213,000 after buying an additional 458 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Rocket Lab by 1.4% during the 1st quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer's stock valued at $627,000 after buying an additional 500 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Rocket Lab by 7.0% during the 2nd quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer's stock valued at $304,000 after buying an additional 556 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, insider Frank Klein sold 45,535 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $2,229,848.95. Following the completion of the sale, the insider directly owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is owned by company insiders.

Rocket Lab Stock Performance

Shares of RKLB stock opened at $65.40 on Wednesday. Rocket Lab Corporation has a one year low of $10.29 and a one year high of $73.97. The company's 50-day moving average is $51.57 and its 200 day moving average is $38.09. The company has a market capitalization of $31.65 billion, a price-to-earnings ratio of -145.33 and a beta of 2.14. 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 data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm 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%. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Analysts Set New Price Targets

RKLB has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of Rocket Lab in a report on Wednesday, September 3rd. Bank of America boosted their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Baird R W raised shares of Rocket Lab to a "strong-buy" rating in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rocket Lab presently has a consensus rating of "Moderate Buy" and an average target price of $51.75.

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.

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