Rocket Lab Corporation $RKLB Shares Acquired by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Rocket Lab stake by 151.8% in the second quarter, acquiring 73,714 additional shares for a total holding of 122,281 shares valued at $12.43 million. Institutional investors and hedge funds collectively own 71.78% of RKLB.
• Insider selling remains a significant overhang: CEO Peter Beck sold 1.3 million shares worth approximately $110.3 million, while insiders sold $312.9 million of stock over the past three months.
• Rocket Lab’s shares opened at $62.95, while analysts maintain a “Moderate Buy” consensus and an average price target of $107.32. The company exceeded revenue expectations but missed quarterly EPS estimates, and investors remain focused on execution of its Neutron rocket program.

NewEdge Advisors LLC grew its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 151.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 122,281 shares of the rocket manufacturer's stock after acquiring an additional 73,714 shares during the period. NewEdge Advisors LLC's holdings in Rocket Lab were worth $12,430,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in RKLB. AQR Capital Management LLC boosted its position in shares of Rocket Lab by 114.0% during the first quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer's stock worth $3,117,000 after buying an additional 92,849 shares during the period. Jones Financial Companies Lllp grew its position in Rocket Lab by 53.8% in the 1st quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer's stock valued at $282,000 after acquiring an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Rocket Lab by 13.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer's stock worth $13,831,000 after purchasing an additional 90,758 shares during the period. Focus Partners Wealth increased its stake in Rocket Lab by 1.0% during the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer's stock worth $1,206,000 after purchasing an additional 681 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock worth $28,000 after purchasing an additional 416 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rocket Lab

In other Rocket Lab news, CEO Peter Beck sold 1,298,622 shares of the firm's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $84.92, for a total transaction of $110,278,980.24. Following the transaction, the chief executive officer directly owned 2,715,181 shares of the company's stock, valued at approximately $230,573,170.52. This trade represents a 32.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 45,692 shares of Rocket Lab stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $3,181,533.96. Following the completion of the transaction, the insider owned 961,295 shares in the company, valued at approximately $66,934,970.85. This represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,624,371 shares of company stock worth $312,944,881 in the last three months. Company insiders own 8.40% of the company's stock.

Rocket Lab Trading Up 1.6%

NASDAQ:RKLB opened at $62.95 on Friday. The company has a market capitalization of $37.67 billion, a PE ratio of -233.14 and a beta of 2.60. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00. The stock's 50 day moving average price is $71.58 and its 200 day moving average price is $84.45. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). The firm had revenue of $234.07 million during the quarter, compared to analysts' expectations of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. On average, research analysts anticipate that Rocket Lab Corporation will post -0.2 EPS for the current year.

Trending Headlines about Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Successful Electron launch supports near-term momentum. Rocket Lab deployed a confidential customer’s Earth-observation satellite into a 500-kilometer orbit. The mission was the company’s 95th Electron launch overall and its 16th this year, highlighting a reliable launch cadence in a capacity-constrained market. Another commercial launch is planned before the end of September. Rocket Lab Successfully Launches 16th Electron Mission
• Positive Sentiment: Analysts see substantial upside potential. Raymond James identified two opportunities with significant upside, while multiple analysts maintain Strong Buy ratings and price targets well above the current trading level. The bullish case is supported by Rocket Lab’s record revenue, expanding backlog, and more than $1 billion in new contracts since the second quarter began. Why Raymond James Is Betting Big on Rocket Lab
• Neutral Sentiment: The investment case depends on Neutron. Commentary argues Rocket Lab’s established launch and space-systems operations could justify taking the risk on its reusable Neutron medium-lift rocket. The company’s core business is improving, but Neutron’s development schedule has not changed, leaving investors focused on execution and potential delays. Rocket Lab's Core Business Makes the Neutron Gamble Worth Taking
• Negative Sentiment: Recent underperformance reflects company-specific concerns. RKLB declined sharply from mid-June through September 10 despite record revenue and new contracts, substantially underperforming major defense peers. The drop suggests investors remain concerned about Neutron execution, elevated expectations, and the stock’s high-risk valuation. What's Behind the RKLB Drop?
• Negative Sentiment: Insider selling is a notable overhang. Reported activity showed 97 insider sales and no purchases over the past six months, including substantial sales by CEO Peter Beck and other executives. This may reinforce concerns about valuation even as operating metrics improve.

Analyst Ratings Changes

Several research firms have recently commented on RKLB. KGI Securities raised shares of Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 price objective for the company in a research note on Monday, July 27th. Bank of America cut their target price on shares of Rocket Lab from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, August 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rocket Lab in a report on Friday, July 17th. Stifel Nicolaus set a $132.00 price target on shares of Rocket Lab in a research report on Thursday, June 4th. Finally, KeyCorp restated an "overweight" rating on shares of Rocket Lab in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $107.32.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab's Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.

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