Rocket Lab Corporation $RKLB Shares Acquired by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Rocket Lab by 115.1%, acquiring a total of 126,250 shares valued at approximately $2.26 million according to their recent SEC filing.
• Several other institutional investors also ramped up their investments in Rocket Lab during the first quarter, with Raymond James Financial Inc. boosting its stake by 166.5%, now owning around $10.76 million worth of shares.
• In the latest earnings report, Rocket Lab missed analysts’ estimates with a reported EPS of ($0.13), but saw a revenue increase of 35.9% year-over-year, reaching $144.5 million.

Algert Global LLC raised its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 115.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,250 shares of the rocket manufacturer's stock after purchasing an additional 67,550 shares during the quarter. Algert Global LLC's holdings in Rocket Lab were worth $2,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its stake in shares of Rocket Lab by 166.5% during the 1st quarter. Raymond James Financial Inc. now owns 601,497 shares of the rocket manufacturer's stock worth $10,755,000 after acquiring an additional 375,831 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Rocket Lab by 75.4% in the first quarter. Cresset Asset Management LLC now owns 24,374 shares of the rocket manufacturer's stock worth $436,000 after buying an additional 10,474 shares during the period. Ethic Inc. boosted its position in shares of Rocket Lab by 4.4% in the first quarter. Ethic Inc. now owns 33,473 shares of the rocket manufacturer's stock worth $608,000 after buying an additional 1,422 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Rocket Lab by 33,437.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 20,793 shares of the rocket manufacturer's stock worth $372,000 after acquiring an additional 20,731 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Rocket Lab by 4,904.6% during the first quarter. Russell Investments Group Ltd. now owns 19,668 shares of the rocket manufacturer's stock worth $352,000 after acquiring an additional 19,275 shares in the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, insider Arjun Kampani sold 28,988 shares of the business's stock in a transaction that occurred on 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. The trade was a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Ocko sold 820,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the transaction, the director owned 1,083,053 shares in the company, valued at approximately $28,170,208.53. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,130,995 shares of company stock worth $29,686,039 in the last three months. 11.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RKLB. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. Citigroup reaffirmed a "buy" rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Cantor Fitzgerald lifted their target price on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. KeyCorp lifted their price objective on Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group initiated coverage on Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.27.

Rocket Lab Trading Up 2.1%

NASDAQ RKLB opened at $41.53 on Friday. The firm has a market cap of $19.91 billion, a P/E ratio of -92.29 and a beta of 2.17. Rocket Lab Corporation has a one year low of $5.74 and a one year high of $53.44. 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 stock's 50-day moving average is $40.36 and its 200-day moving average is $28.69.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued 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). The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company's revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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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