Voleon Capital Management LP Reduces Position in Rocket Lab Corporation $RKLB

Key Points

• Voleon Capital Management LP reduced its stake in Rocket Lab by 42.3%, holding 22,192 shares valued at $397,000 after selling 16,271 shares in Q1.
• Other large investors have made significant changes, including NewEdge Advisors LLC, which increased its holdings by 1,812.1% to own 36,807 shares worth $658,000.
• Rocket Lab's latest quarterly earnings showed a revenue of $144.50 million, a 35.9% year-over-year increase, despite missing EPS estimates and posting a negative net margin.

Voleon Capital Management LP lowered its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 42.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,192 shares of the rocket manufacturer's stock after selling 16,271 shares during the period. Voleon Capital Management LP's holdings in Rocket Lab were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Sender Co & Partners Inc. acquired a new position in shares of Rocket Lab in the 1st quarter valued at $621,000. Jones Financial Companies Lllp increased its holdings in shares of Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer's stock valued at $282,000 after purchasing an additional 5,507 shares during the period. NewEdge Advisors LLC raised its stake in shares of Rocket Lab by 1,812.1% in the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer's stock worth $658,000 after purchasing an additional 34,882 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rocket Lab by 6.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,238 shares of the rocket manufacturer's stock worth $3,759,000 after purchasing an additional 12,243 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Rocket Lab in the first quarter valued at approximately $68,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Price Performance

Shares of Rocket Lab stock opened at $47.03 on Wednesday. The firm has a market cap of $22.54 billion, a PE ratio of -104.51 and a beta of 2.17. Rocket Lab Corporation has a twelve month low of $5.96 and a twelve month high of $53.44. 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 business has a 50-day moving average price of $44.43 and a 200 day moving average price of $30.43.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. KeyCorp raised their price target on shares of Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. The Goldman Sachs Group assumed coverage on shares of Rocket Lab in a report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price target on the stock. Bank of America increased their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup reissued a "buy" rating and issued a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of Rocket Lab in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Rocket Lab has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

Insiders Place Their Bets

In related news, Director Merline Saintil sold 6,353 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the completion of the sale, the director owned 419,569 shares of the company's stock, valued at approximately $14,005,213.22. The trade was a 1.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Ocko sold 820,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the transaction, the director directly owned 1,083,053 shares in the company, valued at approximately $28,170,208.53. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,032,706 shares of company stock worth $27,015,105 in the last three months. 11.90% of the stock is owned by corporate insiders.

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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