Wellington Management Group LLP Decreases Stock Holdings in Rocket Lab Corporation $RKLB

Wellington Management Group LLP reduced its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 59.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,423 shares of the rocket manufacturer's stock after selling 402,264 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of Rocket Lab worth $4,925,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Rocket Lab by 2,186.7% during the 1st quarter. SG Americas Securities LLC now owns 353,522 shares of the rocket manufacturer's stock valued at $6,321,000 after buying an additional 338,062 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Rocket Lab by 52.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer's stock valued at $1,049,000 after buying an additional 20,076 shares in the last quarter. Smith Anglin Financial LLC increased its position in Rocket Lab by 132.1% during the 1st quarter. Smith Anglin Financial LLC now owns 27,261 shares of the rocket manufacturer's stock valued at $487,000 after buying an additional 15,515 shares in the last quarter. Mizuho Markets Americas LLC increased its position in Rocket Lab by 155.7% during the 1st quarter. Mizuho Markets Americas LLC now owns 785,471 shares of the rocket manufacturer's stock valued at $14,044,000 after buying an additional 478,333 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Rocket Lab by 9.6% during the 1st quarter. Rhumbline Advisers now owns 525,018 shares of the rocket manufacturer's stock valued at $9,387,000 after buying an additional 45,889 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RKLB has been the topic of several recent analyst reports. KeyCorp upped their target price on Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Roth Capital increased their price objective on Rocket Lab from $25.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. The Goldman Sachs Group started coverage on Rocket Lab in a report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price objective on the stock. Bank of America increased their price objective on Rocket Lab from $30.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Cantor Fitzgerald raised their target price on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.27.

Rocket Lab Stock Up 1.4%

Rocket Lab stock opened at $48.60 on Friday. The firm has a market cap of $23.30 billion, a price-to-earnings ratio of -108.00 and a beta of 2.17. Rocket Lab Corporation has a 52 week low of $5.74 and a 52 week high of $53.44. The business's 50-day moving average price is $42.73 and its 200 day moving average price is $29.46. 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 (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The business had revenue of $144.50 million for the quarter, compared to analysts' expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Insiders Place Their Bets

In other Rocket Lab news, insider Arjun Kampani sold 5,194 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $26.52, for a total transaction of $137,744.88. Following the transaction, the insider owned 535,424 shares in the company, valued at approximately $14,199,444.48. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank Klein sold 2,546 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $76,380.00. Following the transaction, the insider owned 1,365,826 shares in the company, valued at $40,974,780. This represents a 0.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,049,276 shares of company stock worth $27,481,440. 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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