Rocket Lab Corporation $RKLB Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 4,904.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,668 shares of the rocket manufacturer's stock after purchasing an additional 19,275 shares during the period. Russell Investments Group Ltd.'s holdings in Rocket Lab were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RKLB. Allworth Financial LP increased its holdings in Rocket Lab by 4.0% in the first quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer's stock valued at $213,000 after buying an additional 458 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Rocket Lab by 1.4% in the first quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer's stock valued at $627,000 after buying an additional 500 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Rocket Lab by 1.5% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 45,237 shares of the rocket manufacturer's stock valued at $809,000 after buying an additional 686 shares in the last quarter. Versant Capital Management Inc increased its holdings in Rocket Lab by 118.1% in the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after buying an additional 860 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Rocket Lab by 39.8% in the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock valued at $56,000 after buying an additional 887 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on RKLB shares. Citigroup reaffirmed a "buy" rating and issued a $50.00 target price (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Stifel Nicolaus increased their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp increased their target price on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of Rocket Lab in a research note on Wednesday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Rocket Lab currently has an average rating of "Moderate Buy" and an average target price of $42.27.

Insider Activity

In other Rocket Lab news, insider Frank Klein sold 2,546 shares of Rocket Lab stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $30.00, for a total value of $76,380.00. Following the completion of the sale, the insider directly owned 1,365,826 shares of the company's stock, valued at approximately $40,974,780. The trade was a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Ocko sold 820,000 shares of Rocket Lab stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the completion of the sale, the director directly owned 1,083,053 shares of the company's stock, valued at $28,170,208.53. The trade was 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 quarter. Insiders own 11.90% of the company's stock.

Rocket Lab Trading Down 1.3%

RKLB stock traded down $0.57 during midday trading on Thursday, hitting $42.96. The stock had a trading volume of 11,591,222 shares, compared to its average volume of 20,148,072. The firm has a market cap of $20.60 billion, a PE ratio of -95.43 and a beta of 2.17. 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 Corporation has a 12-month low of $5.74 and a 12-month high of $53.44. The company's 50-day moving average price is $43.59 and its 200 day moving average price is $29.85.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm's revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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.