Mutual Advisors LLC Buys Shares of 4,339 Rocket Lab Corporation $RKLB

Key Points

• Mutual Advisors LLC acquired 4,339 shares of Rocket Lab Corporation (NASDAQ: RKLB), valued at approximately $155,000, in the second quarter.
• Insider selling includes CEO Peter Beck, who sold over 1.4 million shares for around $70 million, reducing his stake by 36.49%.
• Rocket Lab recently reported a revenue increase of 35.9% year-over-year but missed earnings estimates with a reported earnings per share of ($0.13).

Mutual Advisors LLC bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 4,339 shares of the rocket manufacturer's stock, valued at approximately $155,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Rocket Lab by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock valued at $715,728,000 after acquiring an additional 3,833,969 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Rocket Lab during the 2nd quarter valued at $192,918,000. Invesco Ltd. raised its position in shares of Rocket Lab by 56.1% during the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock valued at $66,840,000 after acquiring an additional 1,343,518 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Rocket Lab by 2.6% in the 1st 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 during the period. Finally, Royal Bank of Canada grew its holdings in shares of Rocket Lab by 6.4% in the 1st 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 during the period. Institutional investors own 71.78% of the company's stock.

Insider Transactions at Rocket Lab

In other news, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at $121,875,000. This represents a 36.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Arjun Kampani sold 31,185 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the transaction, the senior vice president owned 499,045 shares of the company's stock, valued at approximately $24,438,233.65. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company's stock.

Rocket Lab Price Performance

Shares of NASDAQ RKLB opened at $60.56 on Thursday. The firm has a market cap of $29.31 billion, a PE ratio of -134.58 and a beta of 2.14. 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 1-year low of $10.29 and a 1-year high of $73.97. The company has a fifty day moving average price of $51.92 and a 200 day moving average price of $38.24.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced 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 company had revenue of $144.50 million during 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 revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RKLB has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Rocket Lab from $20.00 to $68.00 and gave the company an "equal weight" rating in a report on Monday, October 13th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. Craig Hallum initiated coverage on shares of Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 price target for the company. Baird R W raised shares of Rocket Lab to a "strong-buy" rating in a report on Thursday, October 16th. Finally, Bank of America boosted their price target 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. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Rocket Lab presently has a consensus rating of "Moderate Buy" and an average price target of $51.75.

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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