Rocket Lab Corporation $RKLB Shares Purchased by Ethic Inc.

Ethic Inc. boosted its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 4.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,473 shares of the rocket manufacturer’s stock after purchasing an additional 1,422 shares during the quarter. Ethic Inc.’s holdings in Rocket Lab were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Rocket Lab by 4.0% in the first quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer’s stock valued at $213,000 after purchasing an additional 458 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Rocket Lab by 1.4% in the first quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer’s stock valued at $627,000 after buying an additional 500 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Rocket Lab by 1.5% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 45,237 shares of the rocket manufacturer’s stock valued at $809,000 after buying an additional 686 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Rocket Lab by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,747 shares of the rocket manufacturer’s stock valued at $554,000 after buying an additional 696 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Rocket Lab by 118.1% in the first 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 during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RKLB shares. Stifel Nicolaus upped 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. The Goldman Sachs Group began coverage on Rocket Lab in a report on Monday, June 30th. They set a “neutral” rating and a $27.00 price objective on the stock. 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. KeyCorp upped their price objective on Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $42.27.

Rocket Lab Stock Down 0.6%

RKLB opened at $40.69 on Thursday. 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 firm has a market cap of $19.51 billion, a P/E ratio of -90.42 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 fifty day simple moving average is $40.06 and its 200 day simple moving average is $28.60.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $144.50 million for 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 was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Arjun Kampani sold 5,194 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $155,820.00. Following the transaction, the insider directly owned 530,230 shares in the company, valued at $15,906,900. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank Klein sold 2,546 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $76,380.00. Following the completion of the transaction, the insider owned 1,365,826 shares in the company, valued at approximately $40,974,780. This trade represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,130,995 shares of company stock valued at $29,686,039 in the last quarter. Corporate 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.