McGuire Investment Group LLC Has $7.02 Million Position in Rocket Lab Corporation $RKLB

Key Points

• McGuire Investment Group LLC increased its ownership in Rocket Lab Corporation by 91.3%, acquiring a total of 196,107 shares valued at approximately $7.02 million.
• Several other institutional investors, including Vanguard Group and Invesco Ltd., also significantly increased their stakes in Rocket Lab during the recent quarters, indicating strong interest from large investors.
• Research analysts have set new price targets for Rocket Lab, with estimates ranging from $27.00 to $55.00, suggesting varying levels of optimism about the stock's future performance.

McGuire Investment Group LLC boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 91.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,107 shares of the rocket manufacturer's stock after purchasing an additional 93,613 shares during the quarter. McGuire Investment Group LLC's holdings in Rocket Lab were worth $7,015,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock valued at $715,728,000 after buying an additional 3,833,969 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Rocket Lab in the second quarter valued at approximately $192,918,000. Invesco Ltd. lifted its stake in Rocket Lab by 56.1% in the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock valued at $66,840,000 after buying an additional 1,343,518 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock valued at $46,247,000 after buying an additional 65,255 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock valued at $38,057,000 after buying an additional 128,907 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Insider Transactions at Rocket Lab

In other Rocket Lab news, Director Matthew Ocko sold 1,873,097 shares of the company's stock in a transaction 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 transaction, the director directly owned 541,526 shares in the company, valued at $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam C. Spice sold 874,588 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the completion of the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,406,361 shares of company stock valued at $267,483,973. Corporate insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Craig Hallum initiated coverage on shares of Rocket Lab in a research report on Monday, July 28th. They issued a "hold" rating and a $51.00 price objective on the stock. Citigroup reissued a "buy" rating and issued a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Cantor Fitzgerald boosted their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Rocket Lab in a research report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Rocket Lab presently has an average rating of "Moderate Buy" and a consensus target price of $42.27.

Rocket Lab Price Performance

Shares of RKLB opened at $47.97 on Thursday. The company has a market cap of $23.22 billion, a price-to-earnings ratio of -106.60 and a beta of 2.14. Rocket Lab Corporation has a 1-year low of $8.80 and a 1-year high of $55.17. The company's fifty day simple moving average is $46.35 and its 200 day simple moving average is $33.60. 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 (NASDAQ:RKLB - Get Free Report) last issued 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 analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.Rocket Lab's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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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