Wealth Enhancement Advisory Services LLC Increases Holdings in Rocket Lab Corporation $RKLB

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Rocket Lab Corporation by 4.0%, owning 189,742 shares valued at approximately $6.77 million as of the end of the last quarter.
• Rocket Lab's stock recently saw a 6.2% increase, with current shares priced at $52.91, and a market cap of $25.61 billion despite reporting a net loss in its latest earnings.
• Insiders sold a total of 5.41 million shares of Rocket Lab stock, valued at nearly $267.5 million, indicating a significant decrease in ownership among top executives over the past quarter.

Wealth Enhancement Advisory Services LLC lifted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,742 shares of the rocket manufacturer's stock after acquiring an additional 7,212 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Rocket Lab were worth $6,766,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after buying an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Rocket Lab in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its stake in Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after buying an additional 1,226 shares in the last quarter. Spectrum Wealth Counsel LLC lifted its stake in Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer's stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Rocket Lab by 39.8% in the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer's stock valued at $56,000 after buying an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Up 6.2%

Shares of NASDAQ RKLB opened at $52.91 on Wednesday. Rocket Lab Corporation has a 12-month low of $7.28 and a 12-month high of $55.17. The company has a market cap of $25.61 billion, a P/E ratio of -117.58 and a beta of 2.17. 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 stock has a fifty day moving average price of $46.53 and a 200 day moving average price of $32.48.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced 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). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RKLB shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of Rocket Lab in a research note on Wednesday, September 3rd. The Goldman Sachs Group assumed coverage on Rocket Lab in a research note on Monday, June 30th. They issued a "neutral" rating and a $27.00 target price on the stock. Craig Hallum assumed coverage on Rocket Lab in a research note on Monday, July 28th. They set a "hold" rating and a $51.00 price target on the stock. Roth Capital reissued a "buy" rating on shares of Rocket Lab in a research note on Friday, August 29th. Finally, Stifel Nicolaus increased their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Rocket Lab currently has an average rating of "Moderate Buy" and an average price target of $42.27.

Insider Buying and Selling

In other Rocket Lab news, SVP Arjun Kampani sold 31,185 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $1,527,129.45. Following the completion of the transaction, the senior vice president directly owned 499,045 shares of the company's stock, valued at $24,438,233.65. This represents a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter Beck sold 1,436,442 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at approximately $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. 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 over the last quarter. Company insiders own 11.90% of the company's stock.

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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