SCS Capital Management LLC Trims Stock Holdings in Rocket Lab Corporation $RKLB

Key Points

• SCS Capital Management cut its Rocket Lab stake by 42.8% in the fourth quarter, leaving it with 5,690 shares valued at about $397,000.
• Rocket Lab reported better-than-expected revenue in its latest quarter, with sales of $200.35 million, up 63.4% from a year earlier, while EPS came in at -$0.07, matching estimates.
• Insider selling and analyst views remain mixed: multiple executives sold shares recently, while Wall Street’s consensus rating is still “Moderate Buy” with an average price target of $97.19.

SCS Capital Management LLC reduced its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,690 shares of the rocket manufacturer's stock after selling 4,255 shares during the quarter. SCS Capital Management LLC's holdings in Rocket Lab were worth $397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC purchased a new stake in shares of Rocket Lab in the fourth quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of Rocket Lab by 352.5% in the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer's stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock valued at $28,000 after acquiring an additional 416 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Rocket Lab in the fourth quarter valued at $32,000. Finally, DecisionPoint Financial LLC lifted its position in shares of Rocket Lab by 91.1% in the fourth quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer's stock valued at $33,000 after acquiring an additional 225 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab Stock Performance

Shares of NASDAQ:RKLB opened at $123.32 on Wednesday. The firm has a market capitalization of $71.37 billion, a PE ratio of -385.38 and a beta of 2.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The business has a 50-day moving average of $93.14 and a two-hundred day moving average of $76.94. Rocket Lab Corporation has a 12 month low of $25.24 and a 12 month high of $151.00.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The business had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The company's revenue for the quarter was up 63.4% compared to the same quarter last year. As a group, research analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Marvin Bradford Clevenger sold 3,500 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $146.67, for a total value of $513,345.00. Following the completion of the sale, the insider owned 473,975 shares in the company, valued at approximately $69,517,913.25. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Arjun Kampani sold 23,804 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $147.43, for a total value of $3,509,423.72. Following the completion of the sale, the senior vice president owned 352,705 shares of the company's stock, valued at approximately $51,999,298.15. This trade represents a 6.32% 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. In the last quarter, insiders have sold 463,641 shares of company stock valued at $63,326,057. Company insiders own 8.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. BTIG Research restated a "hold" rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Needham & Company LLC increased their target price on Rocket Lab from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Rocket Lab in a research report on Wednesday, May 27th. Clear Str upgraded Rocket Lab to a "strong-buy" rating in a research report on Wednesday, March 18th. Finally, Wells Fargo & Company started coverage on Rocket Lab in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $60.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.19.

Trending Headlines about Rocket Lab

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

• Negative Sentiment: RKLB is falling with the broader space group after weekend explosion news sparked renewed concern about launch risk and execution in the sector. Rocket Lab (RKLB) Loses 14.7% on Explosion News
• Negative Sentiment: Several insider sales were disclosed, including transactions by senior executives and a director, which can create near-term sentiment pressure even when sales are pre-planned. Rocket Lab NASDAQ: RKLB Insider Sells $513,345.00 in Stock
• Negative Sentiment: Commentary from multiple outlets says Rocket Lab may be vulnerable to a valuation reset as investors rotate away from high-flying space names ahead of the SpaceX IPO. Rocket Lab Stock Is Tumbling Today: What's Happening?
• Neutral Sentiment: On the positive side, Rocket Lab continues to expand its Space Systems business, which now generates more revenue than Launch Services and supports the long-term growth case. How Is Rocket Lab Expanding Its Role Across Space Infrastructure?
• Neutral Sentiment: Analysts and market commentary still highlight Neutron, backlog growth, and Rocket Lab’s role in the broader commercial space buildout as longer-term catalysts. Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company's primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company's propulsion capabilities.

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