Mutual Advisors LLC Invests $155,000 in Rocket Lab Corporation $RKLB

Mutual Advisors LLC acquired a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the second quarter, HoldingsChannel.com reports. The firm acquired 4,339 shares of the rocket manufacturer’s stock, valued at approximately $155,000.

A number of other large investors also recently modified their holdings of RKLB. Farther Finance Advisors LLC boosted its stake 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 worth $35,000 after buying an additional 1,226 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Rocket Lab by 6.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,022 shares of the rocket manufacturer’s stock valued at $751,000 after purchasing an additional 2,715 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Rocket Lab by 52.0% in 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 purchasing an additional 20,076 shares during the last quarter. TigerOak Management L.L.C. acquired a new stake in Rocket Lab in the 1st quarter valued at about $192,000. Finally, Jaffetilchin Investment Partners LLC lifted its stake in Rocket Lab by 42.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 21,499 shares of the rocket manufacturer’s stock valued at $384,000 after purchasing an additional 6,440 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Arjun Kampani sold 9,416 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total transaction of $449,143.20. Following the transaction, the senior vice president directly owned 489,629 shares of the company’s stock, valued at approximately $23,355,303.30. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at $121,875,000. This represents a 36.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,406,361 shares of company stock valued at $267,483,973. Company insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RKLB shares. The Goldman Sachs Group started coverage on shares of Rocket Lab in a research note on Monday, June 30th. They issued a “neutral” rating and a $27.00 target price for the company. Stifel Nicolaus raised their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Bank of America raised their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Craig Hallum started coverage on shares of Rocket Lab in a research note on Monday, July 28th. They issued a “hold” rating and a $51.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rocket Lab presently has a consensus rating of “Moderate Buy” and an average target price of $51.75.

Rocket Lab Trading Down 7.4%

Shares of RKLB stock opened at $60.56 on Thursday. The firm has a 50 day moving average price of $51.92 and a two-hundred day moving average price of $38.24. 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 company has a market capitalization of $29.31 billion, a PE ratio of -134.58 and a beta of 2.14. Rocket Lab Corporation has a 12-month low of $10.29 and a 12-month high of $73.97.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data 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). The company had revenue of $144.50 million for the quarter, compared to analyst estimates 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 was up 35.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, analysts predict 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.