WCM Investment Management LLC Takes Position in Rocket Lab Corporation $RKLB

Key Points

• WCM Investment Management LLC acquired a new stake in Rocket Lab Corporation, purchasing 384,935 shares worth approximately $13.6 million, representing a 0.08% ownership as of the end of the second quarter.
• The stock has shown significant volatility with a 12-month low of $10.29 and a high of **$73.97**, with current trading at around $67.00.
• Despite a revenue increase of 35.9% to $144.5 million, Rocket Lab reported a loss of ($0.13) earnings per share in its latest earnings report, missing analyst expectations.

WCM Investment Management LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 384,935 shares of the rocket manufacturer's stock, valued at approximately $13,619,000. WCM Investment Management LLC owned 0.08% of Rocket Lab at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. WJ Wealth Management LLC increased its holdings in shares of Rocket Lab by 29.1% in the second quarter. WJ Wealth Management LLC now owns 13,120 shares of the rocket manufacturer's stock valued at $469,000 after purchasing an additional 2,960 shares during the period. Mutual Advisors LLC acquired a new position in shares of Rocket Lab in the second quarter valued at approximately $155,000. MGO One Seven LLC acquired a new position in shares of Rocket Lab in the second quarter valued at approximately $584,000. Allspring Global Investments Holdings LLC acquired a new position in Rocket Lab during the second quarter worth $285,000. Finally, CWM LLC grew its holdings in Rocket Lab by 7.0% during the second quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer's stock worth $304,000 after acquiring an additional 556 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $67.00 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $50.25 and a two-hundred day moving average price of $36.95. Rocket Lab Corporation has a twelve month low of $10.29 and a twelve month high of $73.97. The company has a market capitalization of $32.43 billion, a P/E ratio of -148.89 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its 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). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. During the same quarter last year, the business posted ($0.08) earnings per share. The business's revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Rocket Lab from $20.00 to $68.00 and gave the stock an "equal weight" rating in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of Rocket Lab in a report on Wednesday, September 3rd. Craig Hallum assumed coverage on Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective on the stock. Stifel Nicolaus upped their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Bank of America upped their price objective on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.67.

Insider Activity

In related news, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the sale, the chief executive officer owned 2,500,000 shares of the company's stock, valued at $121,875,000. This trade represents a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Klein sold 45,535 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $2,229,848.95. Following the sale, the insider directly owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. The trade was a 3.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,406,361 shares of company stock worth $267,483,973 in the last three months. Company insiders own 11.90% of the company's stock.

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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