San Luis Wealth Advisors LLC Makes New $224,000 Investment in Rocket Lab Corporation $RKLB

Key Points

• San Luis Wealth Advisors LLC made a new investment of approximately $224,000 in Rocket Lab, acquiring 6,275 shares during the second quarter.
• Rocket Lab reported quarterly earnings showing a net loss of ($0.13) per share, missing analyst expectations, but with revenue of $144.5 million indicating a year-over-year growth of 35.9%.
• Insiders, including CEO Peter Beck, have recently sold significant amounts of stock, with a total of over 5.4 million shares sold in the last quarter, valued at nearly $267 million.

San Luis Wealth Advisors LLC purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,275 shares of the rocket manufacturer's stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RKLB. ORG Partners LLC grew its holdings 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 purchasing an additional 910 shares during the period. GAMMA Investing LLC grew its holdings in shares of Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock worth $54,000 after purchasing an additional 405 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 860 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Rocket Lab during the 1st quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC lifted its holdings 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 in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Trading Down 0.8%

NASDAQ:RKLB opened at $46.26 on Friday. Rocket Lab Corporation has a 52 week low of $8.80 and a 52 week high of $55.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The firm has a market cap of $22.39 billion, a P/E ratio of -102.80 and a beta of 2.17. The firm's fifty day moving average is $46.36 and its 200-day moving average is $33.09.

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

Insider Buying and Selling

In other news, insider Frank Klein sold 4,286 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the transaction, the insider owned 1,316,005 shares in the company, valued at approximately $62,799,758.60. This represents a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter Beck sold 1,436,442 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total value of $70,026,547.50. Following the transaction, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at $121,875,000. The trade was a 36.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,406,361 shares of company stock worth $267,483,973 over the last quarter. Corporate insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RKLB. The Goldman Sachs Group began coverage on Rocket Lab in a research report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price target for the company. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. KeyCorp raised their price objective on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Cantor Fitzgerald lifted their price target on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Craig Hallum started coverage on Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.27.

Rocket Lab Company 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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