Tocqueville Asset Management L.P. Sells 139,690 Shares of Rocket Lab Corporation $RKLB

Key Points

• Tocqueville Asset Management L.P. reduced its stake in Rocket Lab by 9.4% during Q1, selling 139,690 shares and owning approximately 0.30% of the company valued at $24 million.
• Insider Matthew Ocko sold 820,000 shares of Rocket Lab at an average price of $26.01, representing a 43.09% decrease in his ownership of the stock.
• Despite reporting a loss of ($0.13) EPS for the quarter, Rocket Lab's revenue increased by 35.9% year-over-year, totaling $144.5 million.

Tocqueville Asset Management L.P. lowered its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,344,155 shares of the rocket manufacturer's stock after selling 139,690 shares during the quarter. Tocqueville Asset Management L.P. owned 0.30% of Rocket Lab worth $24,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its position in Rocket Lab by 4.0% in the 1st quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer's stock worth $213,000 after purchasing an additional 458 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Rocket Lab by 1.4% in the 1st quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer's stock worth $627,000 after buying an additional 500 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Rocket Lab by 1.5% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 45,237 shares of the rocket manufacturer's stock worth $809,000 after buying an additional 686 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Rocket Lab by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,747 shares of the rocket manufacturer's stock worth $554,000 after acquiring an additional 696 shares during the period. Finally, Versant Capital Management Inc increased its position in Rocket Lab by 118.1% during the first 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 last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Price Performance

Shares of NASDAQ:RKLB traded down $0.23 during trading on Wednesday, hitting $40.69. 20,273,077 shares of the company's stock were exchanged, compared to its average volume of 17,852,672. The business's 50-day simple moving average is $40.06 and its 200 day simple moving average is $28.60. The company has a market cap of $19.51 billion, a price-to-earnings ratio of -90.42 and a beta of 2.17. Rocket Lab Corporation has a 52-week low of $5.74 and a 52-week high of $53.44. 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 (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The business had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Transactions at Rocket Lab

In related news, Director Merline Saintil sold 6,353 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $29.41, for a total transaction of $186,841.73. Following the sale, the director owned 425,922 shares of the company's stock, valued at $12,526,366.02. This represents a 1.47% 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, insider Arjun Kampani sold 28,988 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $26.66, for a total transaction of $772,820.08. Following the transaction, the insider owned 540,618 shares of the company's stock, valued at $14,412,875.88. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,130,995 shares of company stock worth $29,686,039. 11.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RKLB. KeyCorp raised their target price on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Roth Capital raised their price objective on shares of Rocket Lab from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. The Goldman Sachs Group began coverage on shares of Rocket Lab in a research report on Monday, June 30th. They set a "neutral" rating and a $27.00 target price for the company. Cantor Fitzgerald increased their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. 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 target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.27.

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.