Rocket Lab Corporation $RKLB Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies raised its stake in Rocket Lab by 6.2%, buying an additional 131,996 shares to hold 2,251,130 shares (about 0.49% of the company) valued at roughly $80.5 million.
• Insiders have been active sellers recently — a total of 5,573,532 shares worth about $274.3 million were sold over the last quarter, leaving insiders with roughly 11.9% ownership.
• Rocket Lab reported revenue up 48% year-over-year and beat recent EPS estimates slightly, but remains unprofitable (net margin -35.64%) with a market cap near $22.4 billion and mixed analyst sentiment (average target ~$58.17).

American Century Companies Inc. raised its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,251,130 shares of the rocket manufacturer's stock after purchasing an additional 131,996 shares during the period. American Century Companies Inc. owned about 0.49% of Rocket Lab worth $80,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RKLB. Envestnet Asset Management Inc. lifted its position in Rocket Lab by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer's stock valued at $420,000 after acquiring an additional 1,749 shares during the last quarter. CWM LLC boosted its position in Rocket Lab by 50.9% during the first quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer's stock worth $142,000 after purchasing an additional 2,678 shares in the last quarter. AE Wealth Management LLC acquired a new position in Rocket Lab during the first quarter worth about $183,000. Cetera Investment Advisers increased its position in Rocket Lab by 70.4% during the first quarter. Cetera Investment Advisers now owns 53,021 shares of the rocket manufacturer's stock worth $948,000 after buying an additional 21,902 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Rocket Lab by 51.4% in the 1st quarter. LPL Financial LLC now owns 378,208 shares of the rocket manufacturer's stock valued at $6,762,000 after purchasing an additional 128,335 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Price Performance

RKLB opened at $41.93 on Thursday. The stock has a fifty day moving average of $54.79 and a 200-day moving average of $44.00. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $22.40 billion, a P/E ratio of -110.34 and a beta of 2.16. Rocket Lab Corporation has a 12-month low of $14.71 and a 12-month high of $73.97.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The firm had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The firm's revenue was up 48.0% on a year-over-year basis. Rocket Lab has set its Q4 2025 guidance at EPS. Equities analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insider Activity at Rocket Lab

In related news, insider Frank Klein sold 45,535 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $2,229,848.95. Following the transaction, the insider directly owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Adam C. Spice sold 874,588 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the sale, the chief financial officer owned 2,057,889 shares of the company's stock, valued at approximately $98,799,250.89. The trade was a 29.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,573,532 shares of company stock worth $274,301,358 over the last quarter. 11.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RKLB. Stifel Nicolaus reiterated a "buy" rating and set a $75.00 target price (up from $65.00) on shares of Rocket Lab in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Rocket Lab from a "strong sell" rating to a "hold" rating in a research report on Saturday, November 15th. Citigroup reaffirmed a "market perform" rating on shares of Rocket Lab in a report on Wednesday, November 12th. Finally, Morgan Stanley dropped their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.17.

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.

Want to see what other hedge funds are holding RKLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Lab Corporation (NASDAQ:RKLB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.