Valeo Financial Advisors LLC Buys Shares of 17,782 Rocket Lab Corporation $RKLB

Key Points

• Valeo Financial Advisors LLC has acquired 17,782 shares of Rocket Lab Corporation valued at approximately $636,000, as disclosed in their latest 13F filing with the SEC.
• Institutional investors own 71.78% of Rocket Lab's stock, indicating strong interest from hedge funds and other financial entities in the company.
• Insider sales were significant, with CFO Adam C. Spice and Director Matthew Ocko collectively selling over 2 million shares, resulting in substantial decreases in their ownership percentages.

Valeo Financial Advisors LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,782 shares of the rocket manufacturer's stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RKLB. Truist Financial Corp raised its holdings in shares of Rocket Lab by 1.9% during the second quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer's stock valued at $442,000 after buying an additional 234 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Rocket Lab by 36.4% during the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after buying an additional 405 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Rocket Lab by 4.0% during the first quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer's stock valued at $213,000 after buying an additional 458 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Rocket Lab by 1.4% during the first quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer's stock valued at $627,000 after buying an additional 500 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Rocket Lab by 1.0% during the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer's stock valued at $1,206,000 after buying an additional 681 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rocket Lab news, CFO Adam C. Spice sold 874,588 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the transaction, the chief financial officer owned 2,057,889 shares of the company's stock, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the transaction, the director 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 have sold 5,406,361 shares of company stock valued at $267,483,973 in the last three months. Insiders own 11.90% of the company's stock.

Rocket Lab Price Performance

NASDAQ RKLB opened at $65.31 on Thursday. The stock has a market capitalization of $31.61 billion, a P/E ratio of -145.13 and a beta of 2.14. Rocket Lab Corporation has a 1 year low of $8.99 and a 1 year high of $68.53. The business's fifty day moving average is $47.61 and its two-hundred day moving average is $34.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67.

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 (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million during 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%. Rocket Lab's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RKLB. The Goldman Sachs Group began coverage on Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 price target on the stock. Roth Capital reissued a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. KeyCorp boosted their target price on Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Citigroup reissued a "buy" rating and set a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of Rocket Lab in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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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