Kingstone Capital Partners Texas LLC Acquires Shares of 5,393,280 Rocket Lab Corporation $RKLB

Key Points

• Kingstone Capital Partners Texas LLC purchased 5,393,280 shares of Rocket Lab Corporation, valued at approximately $192.9 million, acquiring around 1.19% of the company.
• Rocket Lab reported a loss of ($0.13) EPS for the last quarter, missing analysts' estimates, but had revenue of $144.5 million, exceeding expectations by 6.84%.
• CEO Peter Beck significantly reduced his stake in Rocket Lab by selling 1,436,442 shares for over $70 million, representing a 36.49% decrease in his ownership.

Kingstone Capital Partners Texas LLC bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,393,280 shares of the rocket manufacturer's stock, valued at approximately $192,918,000. Kingstone Capital Partners Texas LLC owned approximately 1.19% of Rocket Lab as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in RKLB. Sender Co & Partners Inc. bought a new stake in Rocket Lab in the 1st quarter valued at $621,000. Royal Bank of Canada boosted its stake in Rocket Lab by 6.4% during the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock worth $38,057,000 after buying an additional 128,907 shares during the period. Voya Investment Management LLC raised its holdings in Rocket Lab by 186.0% during the first quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock worth $24,984,000 after purchasing an additional 908,808 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Rocket Lab during the 4th quarter worth $17,261,000. Finally, SG Americas Securities LLC lifted its holdings in Rocket Lab by 2,186.7% in the 1st quarter. SG Americas Securities LLC now owns 353,522 shares of the rocket manufacturer's stock valued at $6,321,000 after purchasing an additional 338,062 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Insiders Place Their Bets

In other news, insider Frank Klein sold 4,286 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92. Following the completion of the transaction, the insider owned 1,316,005 shares of the company's stock, valued at approximately $62,799,758.60. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew Ocko sold 1,873,097 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total value of $90,283,275.40. Following the completion of the transaction, the director owned 541,526 shares in the company, valued at $26,101,553.20. This represents a 77.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,538,126 shares of company stock worth $225,707,066. Insiders own 11.90% of the company's stock.

Rocket Lab Stock Performance

NASDAQ:RKLB traded up $0.61 during trading hours on Friday, reaching $47.79. The company had a trading volume of 26,803,207 shares, compared to its average volume of 21,784,992. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 52 week low of $7.13 and a 52 week high of $55.17. The firm has a market cap of $22.91 billion, a price-to-earnings ratio of -106.20 and a beta of 2.17. The firm's 50 day moving average price is $46.24 and its 200-day moving average price is $32.02.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released 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 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 firm's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RKLB. Roth Capital restated a "buy" rating on shares of Rocket Lab in a research note on Friday, August 29th. KeyCorp lifted their price target on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Bank of America boosted their price objective on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group assumed coverage on Rocket Lab in a report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective for the company. Finally, Craig Hallum initiated coverage on Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Rocket Lab has a consensus rating of "Moderate Buy" and a consensus 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.