Strs Ohio Makes New $1.15 Million Investment in Rocket Lab Corporation $RKLB

Key Points

• Strs Ohio has acquired a stake of 64,300 shares in Rocket Lab Corporation, valued at approximately $1,150,000, during the first quarter.
• Insider trading activity includes Rocket Lab's CEO, Peter Beck, selling 1,436,442 shares for a total of $70 million, representing a 36.49% decrease in his position.
• Analysts have set various price targets for Rocket Lab, with the highest being $55.00, reflecting a consensus rating of "Moderate Buy".

Strs Ohio bought a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 64,300 shares of the rocket manufacturer's stock, valued at approximately $1,150,000.

A number of other large investors have also recently modified their holdings of RKLB. Quantinno Capital Management LP bought a new stake in shares of Rocket Lab during the 4th quarter valued at about $257,000. ProShare Advisors LLC boosted its position in shares of Rocket Lab by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 97,985 shares of the rocket manufacturer's stock valued at $2,496,000 after acquiring an additional 32,239 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Rocket Lab during the 4th quarter valued at about $568,000. Voloridge Investment Management LLC bought a new stake in shares of Rocket Lab during the 4th quarter valued at about $22,331,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rocket Lab by 30.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,790 shares of the rocket manufacturer's stock valued at $17,391,000 after acquiring an additional 159,642 shares during the last quarter. Institutional investors own 71.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. Citigroup restated a "buy" rating and issued a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Craig Hallum assumed coverage on Rocket Lab in a research report on Monday, July 28th. They issued a "hold" rating and a $51.00 target price for the company. Stifel Nicolaus boosted their target price on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Bank of America boosted their target price on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.27.

Insider Buying and Selling

In related news, CEO Peter Beck sold 1,436,442 shares of the company'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 sale, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at $121,875,000. This represents a 36.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Ocko sold 1,873,097 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total value of $90,283,275.40. Following the completion of the sale, the director directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,538,126 shares of company stock valued at $225,707,066 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

Rocket Lab Trading Up 1.3%

Rocket Lab stock traded up $0.61 during mid-day trading on Friday, reaching $47.79. 26,803,207 shares of the company traded hands, compared to its average volume of 22,187,580. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The firm's 50 day moving average price is $46.24 and its 200 day moving average price is $32.12. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of -106.20 and a beta of 2.17. Rocket Lab Corporation has a 52-week low of $7.13 and a 52-week high of $55.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The company had revenue of $144.50 million for the quarter, compared to analysts' expectations 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 for the quarter was up 35.9% compared to the same quarter last year. 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, analysts anticipate 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.