Rocket Lab Corporation $RKLB Stock Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC reduced its Rocket Lab stake by 54.5% in the third quarter, selling 14,165 shares and retaining 11,808 shares valued at about $823,000.
• Insiders reported selling 551,832 shares worth roughly $34.9 million over the past 90 days; two disclosed sales were under pre-arranged plans to cover tax withholding on vested equity awards. Institutional investors own 71.78% of the stock.
• Analysts rate RKLB a consensus Moderate Buy, with an average price target of $102.05, though several firms recently lowered targets. Investors are also watching the Neutron rocket’s delayed 2027 debut and upcoming earnings for updates on growth and funding needs.

MGO One Seven LLC cut its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 54.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,808 shares of the rocket manufacturer's stock after selling 14,165 shares during the quarter. MGO One Seven LLC's holdings in Rocket Lab were worth $823,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Rocket Lab during the second quarter worth $4,124,970,000. Katamaran Capital LLP grew its position in shares of Rocket Lab by 86.2% during the first quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer's stock valued at $1,272,000 after purchasing an additional 9,172 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of Rocket Lab in the first quarter worth about $642,000. Swiss National Bank boosted its stake in Rocket Lab by 17.8% during the first quarter. Swiss National Bank now owns 1,410,930 shares of the rocket manufacturer's stock valued at $90,610,000 after buying an additional 212,700 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in Rocket Lab by 149.8% during the 1st quarter. Bank of Nova Scotia now owns 49,957 shares of the rocket manufacturer's stock valued at $3,209,000 after buying an additional 29,956 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Rocket Lab news, insider Frank Klein sold 45,692 shares of Rocket Lab stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $3,181,533.96. Following the transaction, the insider owned 961,295 shares in the company, valued at $66,934,970.85. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, SVP Arjun Kampani sold 7,754 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $539,911.02. Following the completion of the sale, the senior vice president directly owned 256,951 shares of the company's stock, valued at $17,891,498.13. The trade was a 2.93% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 551,832 shares of company stock valued at $34,940,037. Company insiders own 8.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on RKLB shares. Bank of America lowered their target price on Rocket Lab from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Monday, August 31st. Citizens Jmp lowered their price objective on shares of Rocket Lab from $130.00 to $90.00 and set a "market outperform" rating for the company in a research report on Friday, October 16th. Piper Sandler started coverage on shares of Rocket Lab in a research report on Wednesday, July 15th. They set a "neutral" rating and a $83.00 target price on the stock. KGI Securities upgraded Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 price target for the company in a research report on Monday, July 27th. Finally, KeyCorp reduced their price objective on Rocket Lab from $135.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $102.05.

Rocket Lab News Summary

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

• Positive Sentiment: A broader recovery in technology shares appears to be helping lift speculative growth stocks, including Rocket Lab. Article: Tech stocks rebound
• Positive Sentiment: Investors are looking ahead to Monday’s earnings report for updates on growth, launch and space-systems performance, and the Neutron rocket’s development timeline. Options-market data cited in one preview points to expectations for a post-earnings move, though it does not establish its direction or guarantee a rally. Article: Q3 earnings preview Article: Options data ahead of earnings
• Neutral Sentiment: The earnings event is a near-term catalyst, but the supplied previews do not report results; investors will be watching management’s outlook and whether growth can be funded without additional dilution.
• Negative Sentiment: Neutron’s debut has been pushed into 2027, and continued development spending and the proposed Iridium acquisition raise questions about financing needs and potential shareholder dilution. Article: Neutron delay and earnings focus Article: Funding growth without dilution
• Negative Sentiment: Some commentary warns that RKLB may still be priced for substantial success despite its pullback, leaving the stock vulnerable if the results or outlook disappoint. Article: Valuation ahead of Q3

Rocket Lab Trading Up 15.4%

Rocket Lab stock traded up $7.08 during mid-day trading on Friday, hitting $53.07. The company's stock had a trading volume of 20,657,666 shares, compared to its average volume of 19,481,548. The stock has a market cap of $31.75 billion, a PE ratio of -196.55 and a beta of 3.15. Rocket Lab Corporation has a one year low of $37.57 and a one year high of $151.00. The company has a 50 day moving average of $62.56 and a 200-day moving average of $78.95. 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 (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The company had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. On average, research analysts anticipate that Rocket Lab Corporation will post -0.20 EPS for the current year.

About Rocket Lab

Rocket Lab is a space company that provides launch services and spacecraft and satellite systems for commercial, civil, and national security customers. Founded in 2006 by Peter Beck, the company operates internationally, with headquarters in Long Beach, California, and launch operations in New Zealand and the United States.

Its launch business centers on Electron, a small orbital rocket designed to carry satellites to space, and HASTE, a suborbital vehicle used for hypersonic test missions.

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