Geode Capital Management LLC Trims Stock Holdings in Rocket Lab Corporation $RKLB

Geode Capital Management LLC lessened its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 18.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,996,653 shares of the rocket manufacturer’s stock after selling 1,530,824 shares during the quarter. Geode Capital Management LLC owned 1.52% of Rocket Lab worth $250,307,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Truist Financial Corp boosted its stake in shares of Rocket Lab by 1.9% during the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock valued at $442,000 after buying an additional 234 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after buying an additional 405 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings 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 acquiring an additional 500 shares in the last quarter. CWM LLC boosted its stake in Rocket Lab by 7.0% during the 2nd quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer’s stock valued at $304,000 after acquiring an additional 556 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Rocket Lab by 1.0% during the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock valued at $1,206,000 after acquiring an additional 681 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Rocket Lab Price Performance

RKLB opened at $45.54 on Monday. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $55.90 and its 200 day moving average price is $43.04. Rocket Lab Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $73.97. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of -119.84 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.Rocket Lab’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Insider Buying and Selling at Rocket Lab

In related news, SVP Arjun Kampani sold 31,185 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total transaction 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 $24,438,233.65. This represents a 5.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Ocko sold 1,873,097 shares of the stock in a transaction 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 completion of the sale, the director directly owned 541,526 shares in the company, valued at $26,101,553.20. This represents a 77.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RKLB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Wall Street Zen upgraded Rocket Lab from a “strong sell” rating to a “hold” rating in a research note on Saturday. Citigroup reissued a “market perform” rating on shares of Rocket Lab in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $75.00 price objective (up previously from $65.00) on shares of Rocket Lab in a research note on Tuesday, November 11th. Finally, KeyCorp lifted their target price on Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.33.

About Rocket Lab

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.