Lbp Am Sa Sells 40,711 Shares of Rocket Lab Corporation $RKLB

Key Points

• Lbp Am Sa sold 40,711 shares of Rocket Lab, decreasing its position by 25.7%, leaving it with a total of 117,573 shares valued at approximately $4.2 million.
• Insider selling included a significant transaction where Director Matthew Ocko sold 1,873,097 shares for about $90.3 million, resulting in a 77.57% decrease in his holdings.
• Recent analyst reports show a positive forecast for Rocket Lab, with multiple firms raising their price targets and maintaining a consensus rating of "Moderate Buy" with an average target price of $42.27.

Lbp Am Sa decreased its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,573 shares of the rocket manufacturer's stock after selling 40,711 shares during the period. Lbp Am Sa's holdings in Rocket Lab were worth $4,206,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RKLB. Versant Capital Management Inc boosted its holdings in Rocket Lab by 118.1% in the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 860 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in Rocket Lab in the first quarter valued at about $29,000. Farther Finance Advisors LLC boosted its holdings in Rocket Lab by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after acquiring an additional 1,226 shares during the last quarter. Spectrum Wealth Counsel LLC boosted its holdings in Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after acquiring an additional 910 shares during the last quarter. Institutional investors own 71.78% of the company's stock.

Insider Buying and Selling at Rocket Lab

In related news, SVP Arjun Kampani sold 31,185 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $1,527,129.45. Following the sale, the senior vice president owned 499,045 shares of the company's stock, valued at approximately $24,438,233.65. This trade represents a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction that occurred on 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 sale, the director directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,406,361 shares of company stock worth $267,483,973 over the last three months. Company insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RKLB. Stifel Nicolaus raised their price target on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald raised their target price on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. 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. The Goldman Sachs Group initiated coverage on Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 target price on the stock. Finally, Roth Capital restated a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.27.

Rocket Lab Trading Up 0.1%

NASDAQ:RKLB opened at $47.97 on Thursday. Rocket Lab Corporation has a fifty-two week low of $8.80 and a fifty-two week high of $55.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The stock has a market capitalization of $23.22 billion, a PE ratio of -106.60 and a beta of 2.14. The business's 50-day simple moving average is $46.35 and its 200-day simple moving average is $33.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data 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 business had revenue of $144.50 million for the quarter, compared to the consensus estimate of $135.42 million. During the same quarter last year, the firm earned ($0.08) EPS. The company'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 expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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.

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