Prime Capital Investment Advisors LLC Has $4.66 Million Stock Holdings in Rocket Lab Corporation $RKLB

Key Points

• Prime Capital Investment Advisors LLC decreased its stake in Rocket Lab Corporation by 3.5%, owning 130,153 shares valued at approximately $4.66 million as of the latest SEC filing.
• Insider sales at Rocket Lab included CEO Peter Beck selling over 1.43 million shares for about $70 million, leading to a significant 36.49% decrease in his ownership.
• Analysts have set multiple price targets for Rocket Lab, with a consensus rating of "Moderate Buy" and an average price target of $42.27.

Prime Capital Investment Advisors LLC lowered its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,153 shares of the rocket manufacturer's stock after selling 4,701 shares during the period. Prime Capital Investment Advisors LLC's holdings in Rocket Lab were worth $4,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after purchasing an additional 1,226 shares during the last quarter. Spectrum Wealth Counsel LLC raised its stake in shares of Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after buying an additional 910 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after buying an additional 405 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Rocket Lab by 39.8% in the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock worth $56,000 after buying an additional 887 shares during the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rocket Lab

In related news, CEO Peter Beck sold 1,436,442 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total value 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 approximately $121,875,000. This represents a 36.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank Klein sold 4,286 shares of Rocket Lab stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total transaction of $204,527.92. Following the sale, the insider owned 1,316,005 shares in the company, valued at $62,799,758.60. This represents a 0.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 in the last quarter. 11.90% of the stock is currently owned by corporate insiders.

Rocket Lab Price Performance

Shares of Rocket Lab stock opened at $58.50 on Tuesday. The firm has a fifty day moving average price of $46.88 and a two-hundred day moving average price of $34.58. Rocket Lab Corporation has a fifty-two week low of $8.99 and a fifty-two week high of $59.26. 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 company has a market cap of $28.31 billion, a PE ratio of -130.00 and a beta of 2.14.

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

Analysts Set New Price Targets

RKLB has been the subject of several recent research reports. Roth Capital reissued a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of Rocket Lab in a research note on Wednesday, September 3rd. The Goldman Sachs Group began coverage on shares of Rocket Lab in a report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective for the company. Citigroup restated a "buy" rating and set a $50.00 target price (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Stifel Nicolaus upped their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rocket Lab presently has an average rating of "Moderate Buy" and an average price target 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.

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