Rocket Lab Corporation $RKLB Shares Bought by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in Rocket Lab Corporation by 16.0%, bringing its total ownership to 217,765 shares worth approximately $3.89 million.
• Institutional investors and hedge funds now own 71.78% of Rocket Lab's stock, with significant increases in positions from firms like Vanguard Group Inc. and Invesco Ltd.
• Rocket Lab recently reported earnings of ($0.13) EPS, missing analysts' expectations, but showed a revenue increase of 35.9% compared to the same quarter last year.

Baird Financial Group Inc. increased its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,765 shares of the rocket manufacturer's stock after buying an additional 30,036 shares during the quarter. Baird Financial Group Inc.'s holdings in Rocket Lab were worth $3,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of RKLB. Vanguard Group Inc. boosted its position in Rocket Lab by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares in the last quarter. Invesco Ltd. boosted its position in Rocket Lab by 56.1% in the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock worth $66,840,000 after purchasing an additional 1,343,518 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Rocket Lab in the 4th quarter worth approximately $72,623,000. Westfield Capital Management Co. LP boosted its position in Rocket Lab by 2.6% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock worth $46,247,000 after purchasing an additional 65,255 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Rocket Lab by 30.2% in the 4th quarter. Nuveen Asset Management LLC now owns 1,999,363 shares of the rocket manufacturer's stock worth $50,924,000 after purchasing an additional 463,325 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on RKLB. The Goldman Sachs Group began coverage on Rocket Lab in a research report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective on the stock. Craig Hallum assumed coverage on Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 target price on the stock. Cantor Fitzgerald increased their target price on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Finally, Stifel Nicolaus increased their target price on Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. One investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.27.

Insiders Place Their Bets

In related news, insider Arjun Kampani sold 5,194 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $30.00, for a total transaction of $155,820.00. Following the completion of the sale, the insider directly owned 530,230 shares of the company's stock, valued at approximately $15,906,900. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Ocko sold 820,000 shares of Rocket Lab stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $26.01, for a total value of $21,328,200.00. Following the completion of the transaction, the director directly owned 1,083,053 shares of the company's stock, valued at approximately $28,170,208.53. This represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,446 shares of company stock valued at $27,247,305 over the last 90 days. Company insiders own 11.90% of the company's stock.

Rocket Lab Stock Up 6.6%

NASDAQ RKLB opened at $45.84 on Friday. The business has a fifty day moving average price of $43.93 and a 200 day moving average price of $30.08. 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 quick ratio of 2.33 and a current ratio of 2.67. The company has a market cap of $21.97 billion, a P/E ratio of -101.87 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its 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 company had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. During the same period last year, the business earned ($0.08) earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Rocket Lab Company 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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