1,340,273 Shares in Rocket Lab Corporation $RKLB Purchased by Nuveen LLC

Key Points

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Nuveen LLC bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,340,273 shares of the rocket manufacturer's stock, valued at approximately $23,964,000. Nuveen LLC owned 0.30% of Rocket Lab as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of RKLB. Wellington Management Group LLP bought a new position in shares of Rocket Lab in the 4th quarter worth approximately $17,261,000. SG Americas Securities LLC lifted its stake in shares of 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 worth $6,321,000 after purchasing an additional 338,062 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Rocket Lab by 52.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer's stock worth $1,049,000 after acquiring an additional 20,076 shares in the last quarter. Smith Anglin Financial LLC increased its holdings in Rocket Lab by 132.1% in the 1st quarter. Smith Anglin Financial LLC now owns 27,261 shares of the rocket manufacturer's stock worth $487,000 after acquiring an additional 15,515 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in Rocket Lab by 155.7% in the 1st quarter. Mizuho Markets Americas LLC now owns 785,471 shares of the rocket manufacturer's stock worth $14,044,000 after acquiring an additional 478,333 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 820,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $26.01, for a total value of $21,328,200.00. Following the completion of the transaction, the director directly owned 1,083,053 shares of the company's stock, valued at approximately $28,170,208.53. The trade was a 43.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frank Klein sold 2,546 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $76,380.00. Following the transaction, the insider directly owned 1,365,826 shares of the company's stock, valued at approximately $40,974,780. The trade was a 0.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,130,995 shares of company stock worth $29,686,039. 11.90% of the stock is owned by company insiders.

Rocket Lab Trading Up 1.7%

RKLB traded up $0.6930 during trading on Thursday, reaching $41.3830. The company had a trading volume of 7,586,879 shares, compared to its average volume of 19,912,330. The stock has a market cap of $19.84 billion, a P/E ratio of -91.72 and a beta of 2.17. The business has a 50 day simple moving average of $40.06 and a 200-day simple moving average of $28.60. Rocket Lab Corporation has a 52 week low of $5.74 and a 52 week high of $53.44. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS 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 firm had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business's quarterly revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RKLB. Cantor Fitzgerald increased their target price on shares of 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 reaffirmed a "buy" rating and set a $55.00 price objective (up from $45.00) on shares of Rocket Lab in a report on Friday, August 8th. The Goldman Sachs Group assumed coverage on shares of Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, KeyCorp increased their price objective on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

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.