Rocket Lab Corporation $RKLB Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard trimmed its stake by 0.9% in Q2 but remains a major holder with 39,682,158 shares (~8.6%) valued at about $1.42 billion, and institutional investors own roughly 71.8% of Rocket Lab.
• Significant insider selling: CEO Peter Beck and CFO Adam Spice sold large blocks (1.44M and 874.6K shares respectively), and insiders have sold 5,406,361 shares worth about $267.5 million in the past three months, leaving insiders with ~11.9% ownership.
• Business and analyst snapshot: Rocket Lab has a $19.5 billion market cap and remains unprofitable (negative P/E), though it topped quarterly EPS and revenue estimates with revenue up 48% YoY; consensus rating is a "Moderate Buy" with a $58.17 price target.

Vanguard Group Inc. trimmed its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,682,158 shares of the rocket manufacturer's stock after selling 347,388 shares during the quarter. Vanguard Group Inc. owned about 8.60% of Rocket Lab worth $1,419,431,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RKLB. Kingstone Capital Partners Texas LLC acquired a new position in shares of Rocket Lab in the 2nd quarter valued at $192,918,000. Invesco Ltd. boosted its stake in Rocket Lab by 56.1% in the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock valued at $66,840,000 after acquiring an additional 1,343,518 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock valued at $46,247,000 after acquiring an additional 65,255 shares in the last quarter. Royal Bank of Canada increased its position in shares of Rocket Lab by 6.4% during the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock worth $38,057,000 after purchasing an additional 128,907 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Rocket Lab by 186.0% in the 1st quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock valued at $24,984,000 after purchasing an additional 908,808 shares during the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $40.30 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of -106.05 and a beta of 2.16. The firm's fifty day moving average price is $55.24 and its 200 day moving average price is $43.57. Rocket Lab Corporation has a 1-year low of $14.71 and a 1-year high of $73.97.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, topping the consensus estimate 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 company had revenue of $155.08 million during the quarter, compared to analysts' expectations of $152.45 million. During the same quarter last year, the business earned ($0.10) EPS. The business's revenue was up 48.0% on a year-over-year basis. Rocket Lab has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity at Rocket Lab

In other news, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at approximately $121,875,000. This represents a 36.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Adam C. Spice sold 874,588 shares of Rocket Lab 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 completion of the sale, the chief financial officer owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This trade represents a 29.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,406,361 shares of company stock worth $267,483,973 in the last three months. 11.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RKLB has been the topic of a number of research reports. Citigroup restated a "market perform" rating on shares of Rocket Lab in a research note on Wednesday, November 12th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $75.00 target price (up from $65.00) on shares of Rocket Lab in a report on Tuesday, November 11th. Needham & Company LLC increased their price target on shares of Rocket Lab from $55.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, November 12th. Craig Hallum initiated coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective on the stock. Finally, Baird R W raised shares of Rocket Lab to a "strong-buy" rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Rocket Lab currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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