Vanguard Personalized Indexing Management LLC Purchases 9,817 Shares of Rocket Lab Corporation $RKLB

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Rocket Lab Corporation by 69.5%, acquiring an additional 9,817 shares, bringing its total ownership to 23,940 shares worth approximately $856,000.
• Company insiders sold over 5.4 million shares in the last ninety days, with significant sales by CFO Adam C. Spice and CEO Peter Beck, resulting in a 29.82% and 36.49% decrease in their respective ownership.
• Rocket Lab's recent earnings report indicated a revenue increase of 35.9% year-over-year, but the company reported a loss of ($0.13) EPS, missing analyst estimates of ($0.07).

Vanguard Personalized Indexing Management LLC grew its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 69.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,940 shares of the rocket manufacturer's stock after acquiring an additional 9,817 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Rocket Lab were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC increased its stake in Rocket Lab by 491.9% in the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock worth $38,000 after acquiring an additional 910 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock worth $54,000 after purchasing an additional 405 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock worth $35,000 after purchasing an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC boosted its holdings in shares of Rocket Lab by 100.0% in the 1st 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 during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Rocket Lab by 78.6% in the 2nd quarter. IFP Advisors Inc now owns 2,290 shares of the rocket manufacturer's stock worth $82,000 after purchasing an additional 1,008 shares during the period. Institutional investors own 71.78% of the company's stock.

Insiders Place Their Bets

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 completion of the sale, the chief financial officer directly owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief executive officer 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RKLB has been the subject of a number of recent research reports. Craig Hallum initiated coverage on Rocket Lab in a report on Monday, July 28th. They issued a "hold" rating and a $51.00 target price for the company. Morgan Stanley lifted their target price on Rocket Lab from $20.00 to $68.00 and gave the stock an "equal weight" rating in a report on Monday, October 13th. Roth Capital reiterated a "buy" rating on shares of Rocket Lab in a report on Friday, August 29th. Citigroup reiterated a "buy" rating and issued a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Rocket Lab in a report on Wednesday, October 8th. Two equities 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Rocket Lab currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.75.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $66.27 on Monday. The stock's fifty day moving average is $50.68 and its two-hundred day moving average is $37.54. The company has a market capitalization of $32.07 billion, a PE ratio of -147.27 and a beta of 2.14. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 52 week low of $10.29 and a 52 week high of $73.97.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced 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). 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 net margin of 45.87% and a negative return on equity of 48.14%. The business's revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company earned ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current 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.

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