Rhumbline Advisers Boosts Stake in Rocket Lab Corporation $RKLB

Key Points

• Rhumbline Advisers has increased its stake in Rocket Lab Corporation by 9.6%, now owning approximately 0.12% of the company, worth about $9.4 million.
• Rocket Lab reported a quarterly revenue of $144.50 million, exceeding expectations of $135.42 million, although earnings per share missed estimates.
• Currently, 71.78% of Rocket Lab's stock is held by institutional investors, reflecting significant interest from the investment community.

Rhumbline Advisers raised its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 525,018 shares of the rocket manufacturer's stock after acquiring an additional 45,889 shares during the period. Rhumbline Advisers owned approximately 0.12% of Rocket Lab worth $9,387,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RKLB. Versant Capital Management Inc grew its position in shares of Rocket Lab by 118.1% in the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after purchasing an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Rocket Lab during the first quarter worth $29,000. Farther Finance Advisors LLC grew its holdings in Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after buying an additional 1,226 shares in the last quarter. Spectrum Wealth Counsel LLC grew its holdings in Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Rocket Lab by 39.8% in the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock worth $56,000 after acquiring an additional 887 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Trading Down 1.8%

NASDAQ RKLB opened at $46.17 on Thursday. Rocket Lab Corporation has a 52 week low of $6.15 and a 52 week high of $53.44. The firm has a 50 day moving average of $44.64 and a two-hundred day moving average of $30.54. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $22.13 billion, a PE ratio of -102.60 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. During the same period last year, the firm earned ($0.08) earnings per share. 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. As a group, research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Merline Saintil sold 6,353 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the completion of the sale, the director owned 419,569 shares in the company, valued at $14,005,213.22. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director owned 1,083,053 shares in the company, valued at $28,170,208.53. The trade was a 43.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 832,706 shares of company stock worth $21,727,105 over the last ninety days. Corporate insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

RKLB has been the subject of several recent analyst reports. Craig Hallum began coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. 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 report on Wednesday, July 16th. Cantor Fitzgerald upped their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Stifel Nicolaus increased their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group started coverage on shares of Rocket Lab in a research note on Monday, June 30th. They set a "neutral" rating and a $27.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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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