Brighton Jones LLC Has $593,000 Stake in Rocket Lab Corporation $RKLB

Brighton Jones LLC decreased its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 30.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,576 shares of the rocket manufacturer’s stock after selling 7,380 shares during the quarter. Brighton Jones LLC’s holdings in Rocket Lab were worth $593,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Truist Financial Corp raised its stake in Rocket Lab by 1.9% during the second quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock worth $442,000 after acquiring an additional 234 shares in the last quarter. GAMMA Investing LLC raised its stake in Rocket Lab by 36.4% during the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after acquiring an additional 405 shares in the last quarter. Allworth Financial LP raised its stake in Rocket Lab by 4.0% during the first quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer’s stock worth $213,000 after acquiring an additional 458 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Rocket Lab by 1.4% during the first quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer’s stock worth $627,000 after acquiring an additional 500 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Rocket Lab by 7.0% during the second quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer’s stock worth $304,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab

In other Rocket Lab news, Director Matthew Ocko sold 1,873,097 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total value of $90,283,275.40. Following the transaction, the director directly owned 541,526 shares of the company’s stock, valued at approximately $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Arjun Kampani sold 31,185 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $24,438,233.65. This trade represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is owned by insiders.

Rocket Lab Stock Performance

Shares of RKLB stock opened at $63.75 on Wednesday. The business’s 50 day simple moving average is $53.61 and its 200 day simple moving average is $39.79. Rocket Lab Corporation has a one year low of $10.29 and a one year high of $73.97. The stock has a market capitalization of $30.85 billion, a PE ratio of -141.67 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) 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 the consensus estimate of $135.42 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

RKLB has been the topic of several research reports. Citigroup restated a “buy” rating and set a $50.00 price target (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Cantor Fitzgerald boosted their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. KeyCorp boosted their price target on Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Morgan Stanley boosted their price target on Rocket Lab from $20.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 13th. Finally, Craig Hallum initiated coverage on Rocket Lab in a report on Monday, July 28th. They set a “hold” rating and a $51.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $51.75.

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.