Kestra Advisory Services LLC Purchases 9,978 Shares of Rocket Lab Corporation $RKLB

Key Points

• Kestra Advisory Services increased its Rocket Lab stake by 6.9%, buying 9,978 shares in the third quarter to hold 153,951 shares valued at about $10.7 million.
• Rocket Lab’s quarterly revenue rose 72.7% year over year to $267.8 million, beating estimates, while its $0.12-per-share loss was wider than expected. The company also reported record backlog growth and more than $515 million in Neutron launch deals.
• Execution risks remain: Neutron’s first launch is expected in 2027, and insiders sold 551,832 shares worth about $34.9 million over the past 90 days.

Kestra Advisory Services LLC grew its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,951 shares of the rocket manufacturer's stock after purchasing an additional 9,978 shares during the period. Kestra Advisory Services LLC's holdings in Rocket Lab were worth $10,727,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RKLB. BlackRock Inc. acquired a new position in Rocket Lab in the 2nd quarter valued at approximately $4,124,970,000. Bank of New York Mellon Corp bought a new position in shares of Rocket Lab in the 2nd quarter valued at approximately $245,764,000. Bank of America Corp DE acquired a new stake in shares of Rocket Lab in the second quarter worth $437,280,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Rocket Lab by 14.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,737,451 shares of the rocket manufacturer's stock valued at $278,262,000 after buying an additional 352,094 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Rocket Lab by 43.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,235,469 shares of the rocket manufacturer's stock worth $155,767,000 after acquiring an additional 678,342 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab Price Performance

Shares of RKLB stock opened at $58.86 on Tuesday. Rocket Lab Corporation has a 12 month low of $37.57 and a 12 month high of $151.00. The company has a market capitalization of $35.22 billion, a P/E ratio of -217.99 and a beta of 3.15. The stock has a 50 day moving average of $62.45 and a two-hundred day moving average of $78.80. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The company had revenue of $267.83 million during the quarter, compared to the consensus estimate of $257.21 million. As a group, equities analysts expect that Rocket Lab Corporation will post -0.20 EPS for the current year.

Insider Buying and Selling at Rocket Lab

In related news, Director Nina Armagno sold 10,926 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $52.78, for a total value of $576,674.28. Following the transaction, the director directly owned 100,496 shares in the company, valued at $5,304,178.88. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 35,558 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the completion of the transaction, the insider directly owned 925,737 shares in the company, valued at approximately $61,663,341.57. The trade was a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 551,832 shares of company stock valued at $34,940,037 over the last 90 days. Company insiders own 8.40% of the company's stock.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Revenue rose 72.7% year over year to $267.8 million, beating analyst estimates. The company also reported record backlog growth of $1.2 billion, or 52% sequentially, positive GAAP operating cash flow, and forecast fourth-quarter revenue of about $280 million at the midpoint with gross-margin expansion. Rocket Lab Q3 2026 results
• Positive Sentiment: Rocket Lab secured more than $515 million in Neutron launch deals during the quarter. The rocket’s backlog reached 16 missions, and the company raised its base launch price to $70 million for several missions—evidence of customer demand ahead of Neutron’s debut. Neutron launch deals
• Negative Sentiment: The quarterly loss was $0.12 per share, wider than analysts’ expected $0.07 loss. Reports attributed the after-hours share decline to the earnings miss, despite the revenue beat and stronger outlook. Rocket Lab shares fall after earnings miss
• Negative Sentiment: Neutron’s first launch is now expected in 2027, extending a key execution risk for investors even as the launch vehicle’s customer backlog grows. Neutron debut delay

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RKLB. Bank of America lowered their price target on Rocket Lab from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Monday, August 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rocket Lab in a report on Thursday, October 15th. TD Cowen reissued a "buy" rating and issued a $90.00 price objective on shares of Rocket Lab in a research report on Thursday, October 15th. Roth Capital restated a "buy" rating on shares of Rocket Lab in a research note on Thursday, October 15th. Finally, Piper Sandler began coverage on shares of Rocket Lab in a research report on Wednesday, July 15th. They set a "neutral" rating and a $83.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $102.05.

Rocket Lab Company Profile

Rocket Lab is a space company that provides launch services and spacecraft and satellite systems for commercial, civil, and national security customers. Founded in 2006 by Peter Beck, the company operates internationally, with headquarters in Long Beach, California, and launch operations in New Zealand and the United States.

Its launch business centers on Electron, a small orbital rocket designed to carry satellites to space, and HASTE, a suborbital vehicle used for hypersonic test missions.

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