Oppenheimer & Co. Inc. Sells 45,592 Shares of Rocket Lab Corporation $RKLB

Key Points

• Oppenheimer & Co. Inc. cut its stake in Rocket Lab by 45.0%, selling 45,592 shares and finishing the quarter with 55,770 shares worth about $3.89 million.
• Company insiders have been net sellers: CFO Adam C. Spice sold 62,744 shares and SVP Arjun Kampani sold 23,711 shares, with insiders totaling 233,449 shares sold (~$16.49 million) over the past three months.
• Analyst sentiment is broadly positive with a consensus rating of Moderate Buy and an average target of $83.31, including recent upgrades and higher targets from Citigroup, Bank of America ($120), and Stifel ($105), though one firm maintained a sell.

Oppenheimer & Co. Inc. decreased its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,770 shares of the rocket manufacturer's stock after selling 45,592 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Rocket Lab were worth $3,891,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RKLB. Activest Wealth Management raised its stake in shares of Rocket Lab by 56.1% in the fourth quarter. Activest Wealth Management now owns 2,342 shares of the rocket manufacturer's stock worth $163,000 after buying an additional 842 shares during the period. Rachor Investment Advisory Services LLC bought a new position in shares of Rocket Lab in the fourth quarter worth about $71,000. Dale Q Rice Investment Management Ltd raised its stake in shares of Rocket Lab by 3.2% in the fourth quarter. Dale Q Rice Investment Management Ltd now owns 9,791 shares of the rocket manufacturer's stock worth $683,000 after buying an additional 301 shares during the period. Strategic Blueprint LLC raised its stake in shares of Rocket Lab by 5.0% in the fourth quarter. Strategic Blueprint LLC now owns 11,750 shares of the rocket manufacturer's stock worth $820,000 after buying an additional 563 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Rocket Lab by 16.9% in the fourth quarter. Wealthfront Advisers LLC now owns 117,662 shares of the rocket manufacturer's stock worth $8,208,000 after buying an additional 16,985 shares during the period. Institutional investors own 71.78% of the company's stock.

Key Stories Impacting Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: High-profile endorsement: Jim Cramer said on Mad Money that “I think that Rocket Lab is a winner,” a bullish retail-media signal that can drive short-term buying interest and confidence among long-term holders. Jim Cramer Says “I Think That Rocket Lab Is a Winner”
• Positive Sentiment: Echoed coverage: Independent financial sites republished Cramer’s comments, reinforcing the same bullish narrative and broadening reach to investors who follow newsletters and aggregation sites. Jim Cramer Says “I Think That Rocket Lab Is a Winner” (InsiderMonkey)
• Neutral Sentiment: Sector product development (possible competitive context): Planet Labs and Carbon Mapper announced a specialized Tanager spacecraft for shortwave infrared (SWIR) imaging — a development in the small-sat remote-sensing market that could affect demand dynamics for satellite platforms and data services but does not directly announce business with or against Rocket Lab. Monitor whether this spurs new customer spending or demand for launch and spacecraft buses. Planet Labs & Carbon Mapper To Develop Specialized Tanager Spacecraft

Analyst Ratings Changes

Several research firms have recently commented on RKLB. Citigroup raised Rocket Lab from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 14th. Bank of America raised their price objective on Rocket Lab from $60.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, January 20th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 price objective (up from $90.00) on shares of Rocket Lab in a research note on Monday, April 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rocket Lab in a research note on Tuesday, April 21st. Finally, KeyCorp downgraded Rocket Lab from an "overweight" rating to a "sector weight" rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Rocket Lab presently has a consensus rating of "Moderate Buy" and an average target price of $83.31.

Insider Activity at Rocket Lab

In related news, CFO Adam C. Spice sold 62,744 shares of Rocket Lab stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $4,366,354.96. Following the sale, the chief financial officer owned 1,296,824 shares of the company's stock, valued at approximately $90,245,982.16. This trade represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Arjun Kampani sold 23,711 shares of Rocket Lab stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $71.95, for a total value of $1,706,006.45. Following the sale, the senior vice president directly owned 397,988 shares in the company, valued at $28,635,236.60. This trade represents a 5.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,449 shares of company stock worth $16,487,233 in the last three months. Corporate insiders own 8.40% of the company's stock.

Rocket Lab Price Performance

Shares of RKLB opened at $78.81 on Monday. The business's 50 day moving average is $72.26 and its 200 day moving average is $68.22. The company has a market capitalization of $44.88 billion, a PE ratio of -212.99 and a beta of 2.30. Rocket Lab Corporation has a 12-month low of $20.23 and a 12-month high of $99.58. The company has a current ratio of 4.08, a quick ratio of 3.61 and a debt-to-equity ratio of 0.10.

Rocket Lab Company Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company's primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company's propulsion capabilities.

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