QRG Capital Management Inc. Buys 7,548 Shares of Rocket Lab Corporation $RKLB

QRG Capital Management Inc. grew its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 27.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,038 shares of the rocket manufacturer's stock after acquiring an additional 7,548 shares during the quarter. QRG Capital Management Inc.'s holdings in Rocket Lab were worth $1,253,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RKLB. Farther Finance Advisors LLC raised its holdings in Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after buying an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC raised its holdings in 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 buying an additional 1,000 shares during the period. ORG Partners LLC raised its holdings in Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock worth $38,000 after buying an additional 910 shares during the period. GAMMA Investing LLC raised its holdings in Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock worth $54,000 after buying an additional 405 shares during the period. Finally, National Bank of Canada FI raised its holdings in Rocket Lab by 39.8% during the 1st 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 period. 71.78% of the stock is owned by institutional investors.

Insider Activity at Rocket Lab

In other news, CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the sale, the chief executive officer owned 2,500,000 shares of the company's stock, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Adam C. Spice sold 874,588 shares of Rocket Lab stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the sale, the chief financial officer directly owned 2,057,889 shares of the company's stock, valued at $98,799,250.89. This represents a 29.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is currently owned by insiders.

Rocket Lab Price Performance

NASDAQ:RKLB opened at $65.31 on Thursday. Rocket Lab Corporation has a 1-year low of $8.99 and a 1-year high of $68.53. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $47.61 and a 200 day simple moving average of $34.98. The stock has a market capitalization of $31.61 billion, a PE ratio of -145.13 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share 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 during the quarter, compared to the consensus estimate of $135.42 million. During the same period in the prior year, the business posted ($0.08) earnings per share. Rocket Lab's quarterly revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. On average, research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on RKLB shares. Roth Capital restated a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of Rocket Lab in a report on Wednesday, September 3rd. 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. KeyCorp raised their price target on shares of Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Bank of America raised their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.27.

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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