Rocket Lab Corporation $RKLB Shares Acquired by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. has increased its stake in Rocket Lab Corporation by 26.1%, now holding a total of 162,500 shares, which are valued at approximately $2.9 million.
• Multiple institutional investors have made significant changes to their positions in Rocket Lab, highlighting the growing interest in the company's stock with 71.78% of shares owned by institutional entities.
• Analyst ratings for Rocket Lab show a generally positive outlook, with price targets rising to as high as $55.00 and an average rating of "Moderate Buy."

1832 Asset Management L.P. lifted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 26.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,500 shares of the rocket manufacturer's stock after purchasing an additional 33,600 shares during the period. 1832 Asset Management L.P.'s holdings in Rocket Lab were worth $2,906,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new position in shares of Rocket Lab during the fourth quarter worth $17,261,000. SG Americas Securities LLC lifted its position in shares of Rocket Lab by 2,186.7% during the first 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 in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Rocket Lab by 52.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer's stock worth $1,049,000 after purchasing an additional 20,076 shares in the last quarter. Smith Anglin Financial LLC lifted its position in shares of Rocket Lab by 132.1% during the first quarter. Smith Anglin Financial LLC now owns 27,261 shares of the rocket manufacturer's stock worth $487,000 after purchasing an additional 15,515 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its stake in shares of Rocket Lab by 155.7% in the first quarter. Mizuho Markets Americas LLC now owns 785,471 shares of the rocket manufacturer's stock worth $14,044,000 after buying an additional 478,333 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target 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. Needham & Company LLC restated a "buy" rating and issued a $55.00 price target (up previously from $45.00) on shares of Rocket Lab in a research note on Friday, August 8th. Craig Hallum assumed coverage on shares of Rocket Lab in a research note on Monday, July 28th. They issued a "hold" rating and a $51.00 price target for the company. Roth Capital lifted their price target on shares of Rocket Lab from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, KeyCorp lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.27.

Rocket Lab Stock Up 6.9%

RKLB stock opened at $44.38 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. Rocket Lab Corporation has a 1-year low of $5.74 and a 1-year high of $53.44. The firm has a fifty day moving average price of $40.74 and a two-hundred day moving average price of $28.81. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of -98.62 and a beta of 2.17.

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 business had revenue of $144.50 million for the quarter, compared to the consensus estimate of $135.42 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity

In other news, insider Frank Klein sold 44,885 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $26.66, for a total transaction of $1,196,634.10. Following the completion of the transaction, the insider owned 1,370,190 shares in the company, valued at approximately $36,529,265.40. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arjun Kampani sold 28,988 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $26.66, for a total transaction of $772,820.08. Following the transaction, the insider owned 540,618 shares of the company's stock, valued at $14,412,875.88. This represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,995 shares of company stock worth $29,686,039 over the last ninety days. Insiders own 11.90% of the company's stock.

Rocket Lab 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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