Stephens Inc. AR Invests $1.14 Million in Rocket Lab Corporation $RKLB

Stephens Inc. AR acquired a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,987 shares of the rocket manufacturer's stock, valued at approximately $1,144,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spectrum Wealth Counsel LLC increased its stake in shares of Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. ORG Partners LLC increased its stake in shares of Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock worth $38,000 after purchasing an additional 910 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock worth $54,000 after purchasing an additional 405 shares in the last quarter. National Bank of Canada FI increased its stake in shares of 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 worth $56,000 after purchasing an additional 887 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of Rocket Lab in the first quarter worth $68,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RKLB. KeyCorp raised their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, October 17th. Stifel Nicolaus raised their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group began coverage on shares of Rocket Lab in a research note on Monday, June 30th. They set a "neutral" rating and a $27.00 target price for the company. Morgan Stanley raised their target price on shares of Rocket Lab from $20.00 to $68.00 and gave the company an "equal weight" rating in a research note on Monday, October 13th. 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 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rocket Lab currently has an average rating of "Moderate Buy" and an average price target of $51.75.

Rocket Lab Price Performance

RKLB stock opened at $63.57 on Friday. Rocket Lab Corporation has a 52 week low of $10.29 and a 52 week high of $73.97. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $52.34 and a two-hundred day simple moving average of $38.56. The firm has a market capitalization of $30.77 billion, a P/E ratio of -141.27 and a beta of 2.14.

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

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, Director Matthew Ocko sold 1,873,097 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the completion of the transaction, the director owned 541,526 shares in the company, valued at $26,101,553.20. This trade represents a 77.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the transaction, the chief executive officer owned 2,500,000 shares of the company's stock, valued at $121,875,000. This trade represents a 36.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock valued at $267,483,973 over the last ninety days. Corporate insiders own 11.90% of the company's stock.

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.

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