Cypress Point Wealth Management LLC Buys Shares of 12,517 Rocket Lab Corporation $RKLB

Cypress Point Wealth Management LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,517 shares of the rocket manufacturer’s stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of Rocket Lab by 118.1% during the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock valued at $28,000 after acquiring an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Rocket Lab during the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its position in shares of Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after acquiring an additional 1,226 shares in the last quarter. Spectrum Wealth Counsel LLC raised its position in shares of Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock valued at $56,000 after acquiring an additional 887 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rocket Lab

In other Rocket Lab news, CEO Peter Beck sold 1,436,442 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 2,500,000 shares in the company, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Merline Saintil sold 6,353 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total value of $212,063.14. Following the sale, the director owned 419,569 shares of the company’s stock, valued at $14,005,213.22. The trade was a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,512,706 shares of company stock worth $127,857,584 in the last three months. 11.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on RKLB. Craig Hallum assumed coverage on Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 price target on the stock. Roth Capital reaffirmed a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th. Stifel Nicolaus increased their target price on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Bank of America increased their target price on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, KeyCorp increased their target price on Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. One investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.27.

Rocket Lab Trading Up 1.8%

Shares of RKLB opened at $48.08 on Thursday. The business’s 50-day moving average price is $45.90 and its 200 day moving average price is $31.55. The stock has a market capitalization of $23.05 billion, a P/E ratio of -106.84 and a beta of 2.17. Rocket Lab Corporation has a 1-year low of $7.00 and a 1-year high of $55.17. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $144.50 million during 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 company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. Analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

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.