6,940 Shares in Rocket Lab Corporation $RKLB Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,940 shares of the rocket manufacturer’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sara Bay Financial grew its position in Rocket Lab by 0.7% during the 4th quarter. Sara Bay Financial now owns 15,905 shares of the rocket manufacturer’s stock worth $1,121,000 after acquiring an additional 117 shares during the last quarter. ORG Partners LLC grew its position in Rocket Lab by 9.1% during the 4th quarter. ORG Partners LLC now owns 1,458 shares of the rocket manufacturer’s stock worth $102,000 after acquiring an additional 121 shares during the last quarter. Traynor Capital Management Inc. grew its position in Rocket Lab by 1.9% during the 4th quarter. Traynor Capital Management Inc. now owns 7,191 shares of the rocket manufacturer’s stock worth $502,000 after acquiring an additional 133 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in Rocket Lab by 1.0% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 13,466 shares of the rocket manufacturer’s stock worth $939,000 after acquiring an additional 136 shares during the last quarter. Finally, Quadcap Wealth Management LLC grew its position in Rocket Lab by 2.3% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock worth $436,000 after acquiring an additional 140 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on RKLB. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. KeyCorp lowered Rocket Lab from an “overweight” rating to a “sector weight” rating in a research report on Thursday, January 15th. Morgan Stanley upgraded Rocket Lab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $67.00 to $105.00 in a research report on Friday, January 16th. Roth Mkm increased their price objective on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 price objective on shares of Rocket Lab in a report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.31.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $78.81 on Monday. Rocket Lab Corporation has a fifty-two week low of $20.23 and a fifty-two week high of $99.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.61 and a current ratio of 4.08. The stock has a 50 day simple moving average of $72.26 and a two-hundred day simple moving average of $68.22. The stock has a market cap of $44.88 billion, a P/E ratio of -212.99 and a beta of 2.30.

Key Headlines Impacting Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: High-profile endorsement: Jim Cramer said on Mad Money that “I think that Rocket Lab is a winner,” a bullish retail-media signal that can drive short-term buying interest and confidence among long-term holders. Jim Cramer Says “I Think That Rocket Lab Is a Winner”
• Positive Sentiment: Echoed coverage: Independent financial sites republished Cramer’s comments, reinforcing the same bullish narrative and broadening reach to investors who follow newsletters and aggregation sites. Jim Cramer Says “I Think That Rocket Lab Is a Winner” (InsiderMonkey)
• Neutral Sentiment: Sector product development (possible competitive context): Planet Labs and Carbon Mapper announced a specialized Tanager spacecraft for shortwave infrared (SWIR) imaging — a development in the small-sat remote-sensing market that could affect demand dynamics for satellite platforms and data services but does not directly announce business with or against Rocket Lab. Monitor whether this spurs new customer spending or demand for launch and spacecraft buses. Planet Labs & Carbon Mapper To Develop Specialized Tanager Spacecraft

Insiders Place Their Bets

In other Rocket Lab news, Director Merline Saintil sold 18,126 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $75.04, for a total value of $1,360,175.04. Following the completion of the sale, the director owned 261,903 shares in the company, valued at approximately $19,653,201.12. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank Klein sold 36,768 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $71.95, for a total value of $2,645,457.60. Following the completion of the sale, the insider owned 1,088,237 shares of the company’s stock, valued at approximately $78,298,652.15. This trade represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 233,449 shares of company stock worth $16,487,233. Insiders own 8.40% of the company’s stock.

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.