Rocket Lab Corporation $RKLB Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Rocket Lab Corporation by 25.3%, acquiring a total of 80,600 shares valued at approximately $2.88 million as of the last SEC filing.
• CEO Peter Beck and Director Matthew Ocko sold significant portions of their shares, with Beck selling 1.44 million shares and Ocko 1.87 million shares, resulting in major decreases in their ownership percentages.
• Rocket Lab reported a revenue of $144.50 million in its latest quarterly earnings, up 35.9% year-over-year, but missed EPS estimates with losses of ($0.13) per share.

KLP Kapitalforvaltning AS raised its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 25.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,600 shares of the rocket manufacturer's stock after acquiring an additional 16,300 shares during the period. KLP Kapitalforvaltning AS's holdings in Rocket Lab were worth $2,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC boosted its stake in Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock valued at $38,000 after acquiring an additional 910 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Rocket Lab by 36.4% during the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock worth $54,000 after buying an additional 405 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after buying an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC lifted its stake in shares of Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after buying an additional 1,000 shares during the period. Finally, National Bank of Canada FI lifted its stake in shares of Rocket Lab by 39.8% during the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock worth $56,000 after buying an additional 887 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rocket Lab news, CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the completion of the transaction, the chief executive officer owned 2,500,000 shares of the company's stock, valued at approximately $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the completion of the transaction, the director directly owned 541,526 shares of the company's stock, valued at $26,101,553.20. The trade was a 77.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock valued at $267,483,973 in the last ninety days. Company insiders own 11.90% of the company's stock.

Rocket Lab Trading Down 3.3%

NASDAQ RKLB opened at $64.26 on Friday. The company has a market capitalization of $31.10 billion, a PE ratio of -142.80 and a beta of 2.14. The company has a fifty day moving average of $48.41 and a 200 day moving average of $35.71. Rocket Lab Corporation has a 1 year low of $9.20 and a 1 year high of $73.50. 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 (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. During the same period in the previous year, the firm posted ($0.08) EPS. The firm's quarterly revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RKLB. Cantor Fitzgerald lifted their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a research note on Friday, August 29th. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of Rocket Lab in a research note on Wednesday, September 3rd. Craig Hallum began coverage on shares of Rocket Lab in a research note on Monday, July 28th. They set a "hold" rating and a $51.00 price objective for the company. Finally, KeyCorp lifted their price objective 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 analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Rocket Lab has an average rating of "Moderate Buy" and an average target price of $42.27.

About Rocket Lab

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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