Rocket Lab Corporation $RKLB Stock Purchased by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. increased its Rocket Lab stake by 332.9% in the third quarter, adding 25,363 shares to bring its holdings to 32,981 shares, valued at about $2.3 million.
• Other institutions also increased holdings, and institutional investors collectively own 71.78% of Rocket Lab. In contrast, company insiders sold 551,832 shares worth approximately $34.9 million over the past 90 days.
• Analyst sentiment is mostly positive: Rocket Lab has a “Moderate Buy” consensus rating and an average price target of $102.05. The company also completed its 99th Electron mission, while its Neutron rocket remains a potential growth catalyst that has yet to fly.

D.A. Davidson & CO. boosted its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 332.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,981 shares of the rocket manufacturer's stock after purchasing an additional 25,363 shares during the quarter. D.A. Davidson & CO.'s holdings in Rocket Lab were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BOKF NA boosted its holdings in shares of Rocket Lab by 234.3% in the 3rd quarter. BOKF NA now owns 36,238 shares of the rocket manufacturer's stock worth $2,525,000 after purchasing an additional 25,399 shares in the last quarter. WPG Advisers LLC increased its position in shares of Rocket Lab by 254.5% during the 3rd quarter. WPG Advisers LLC now owns 702 shares of the rocket manufacturer's stock valued at $49,000 after purchasing an additional 504 shares during the last quarter. North Dakota State Investment Board raised its holdings in shares of Rocket Lab by 5.2% during the 3rd quarter. North Dakota State Investment Board now owns 16,662 shares of the rocket manufacturer's stock valued at $1,161,000 after buying an additional 828 shares in the last quarter. VestGen Advisors LLC raised its holdings in shares of Rocket Lab by 40.7% during the 3rd quarter. VestGen Advisors LLC now owns 4,691 shares of the rocket manufacturer's stock valued at $327,000 after buying an additional 1,358 shares in the last quarter. Finally, William Mack & Associates Inc. bought a new stake in Rocket Lab in the 3rd quarter worth approximately $71,000. 71.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Marvin Clevenger sold 15,051 shares of Rocket Lab stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the sale, the insider directly owned 458,924 shares in the company, valued at $31,954,878.12. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Also, insider Frank Klein sold 35,558 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the completion of the sale, the insider directly owned 925,737 shares in the company, valued at $61,663,341.57. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 551,832 shares of company stock valued at $34,940,037 over the last ninety days. 8.40% of the stock is owned by corporate insiders.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab successfully completed its 99th Electron mission, deploying an Earth-imaging satellite for Japan’s iQPS. The flight reinforces Electron’s launch reliability and operating track record. Mission Success: Rocket Lab Launches 99th Electron Mission
• Positive Sentiment: Recent coverage highlights that Space Systems generates substantially more revenue than launch services, while the Iridium deal could broaden Rocket Lab’s growth opportunity. A record backlog and rising revenue also support the longer-term outlook. Rocket Lab’s Space Systems Division Dwarfs Launch Revenue
• Positive Sentiment: NASA has cited Rocket Lab as a potential launch provider for future commercial space-station missions. That could open another market as the International Space Station approaches retirement, although Neutron is central to the opportunity. Rocket Lab Is Emerging As A Key Launch Option For Commercial Stations
• Neutral Sentiment: Neutron is viewed as a potential catalyst that could materially change Rocket Lab’s growth outlook, but it has not flown yet. One analyst expects its debut in late fiscal Q2 2027 and says the delay does not undermine the investment case. Analyst Sticks to Target Despite Neutron Setback
• Negative Sentiment: Globalstar raised concerns that Rocket Lab’s supplier relationship could give it an incentive to favor Iridium, creating potential commercial and regulatory friction around the deal. Iridium Deal Draws Globalstar Concerns
• Negative Sentiment: Other commentary warns that cash burn, elevated valuation and sensitivity to borrowing costs could keep the stock volatile. A separate investor cautioned that turbulence may continue, while coverage also flagged a planned $7.7 million CFO share sale. Rocket Lab Cash Burn and Earnings Preview

Analyst Ratings Changes

RKLB has been the topic of a number of recent research reports. Berenberg Bank started coverage on shares of Rocket Lab in a research report on Wednesday, September 2nd. They set a "buy" rating and a $83.00 price target on the stock. Wall Street Zen cut shares of Rocket Lab from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. TD Cowen reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Rocket Lab in a research note on Thursday, October 15th. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a report on Thursday, October 15th. Finally, Raymond James Financial assumed coverage on shares of Rocket Lab in a research report on Friday, September 11th. They issued an "outperform" rating and a $80.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.05.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $54.43 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. Rocket Lab Corporation has a fifty-two week low of $37.57 and a fifty-two week high of $151.00. The firm has a market cap of $32.57 billion, a PE ratio of -201.59 and a beta of 3.15. The business has a 50 day moving average price of $63.54 and a 200-day moving average price of $79.57.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). The firm had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Equities research analysts predict that Rocket Lab Corporation will post -0.20 earnings per share for the current year.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space and defense company that develops and operates launch vehicles, spacecraft, satellite components and related space systems. The company serves government, commercial and scientific customers seeking access to orbit and other space-based capabilities.

Rocket Lab's launch business is centered on Electron, a small orbital launch vehicle designed to carry satellites and other payloads into low Earth orbit. The company also develops specialized launch and hypersonic test services through programs such as HASTE, while its Neutron vehicle is intended to provide larger payload capacity and support future commercial and government missions.

Through its space systems business, Rocket Lab produces satellite platforms, flight computers, power systems, solar cells, reaction wheels, separation systems, radios and other components used in spacecraft.

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