15,338 Shares in Rocket Lab Corporation $RKLB Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,338 shares of the rocket manufacturer’s stock, valued at approximately $1,559,000.

A number of other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Rocket Lab in the second quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Rocket Lab in the fourth quarter valued at approximately $27,000. Keating Financial Advisory Services Inc. purchased a new position in Rocket Lab during the second quarter worth approximately $39,000. Beacon Investment Advisory Services Inc. lifted its position in Rocket Lab by 364.0% during the second quarter. Beacon Investment Advisory Services Inc. now owns 399 shares of the rocket manufacturer’s stock worth $41,000 after buying an additional 313 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Rocket Lab during the fourth quarter worth $28,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Stock Up 2.0%

Shares of NASDAQ:RKLB opened at $67.53 on Friday. The business has a 50-day moving average price of $78.66 and a 200 day moving average price of $85.12. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $40.41 billion, a price-to-earnings ratio of -250.10 and a beta of 2.60. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The company had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Sell-side analysts expect that Rocket Lab Corporation will post -0.2 EPS for the current year.

Key Rocket Lab News

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

• Positive Sentiment: Defense contract supports growth expectations. Viasat selected Rocket Lab to build spacecraft buses for the U.S. Space Force’s Protected Tactical SATCOM-Global program. The work is tied to Viasat’s $218.8 million prime contract and adds to Rocket Lab’s space-systems backlog amid rising defense spending. Why Rocket Lab Could Outpace Viasat as Defense Space Spending Accelerates
• Positive Sentiment: Business is expanding beyond launch services. Rocket Lab’s optical communications terminals are being tested on KSAT’s Hyperion satellite in a hybrid radio-frequency and optical network. Successful demonstrations could create additional commercial and government opportunities in high-bandwidth space communications. What Does Rocket Lab Gain From Its Optical Communications Role?
• Neutral Sentiment: Investors remain divided on valuation and the growth path. Bullish views point to Electron launches, defense wins, satellite manufacturing and a potential Neutron catalyst. However, much of today’s revenue comes from satellites and space systems, while Neutron has not yet flown and Rocket Lab’s planned Iridium acquisition has not closed. Price scenarios cited in recent coverage range from $41 in a bear case to $104 in a bull case. Rocket Lab Stock: Bull vs. Bear
• Negative Sentiment: Neutron timing remains a major overhang. Reports suggest Rocket Lab’s medium-lift Neutron rocket could slip to 2027. A delay would postpone a key long-term growth catalyst and extend development spending, although the company can continue growing through Electron and space-systems operations. Peter Beck’s Neutron Rocket Could Slip to 2027
• Negative Sentiment: Insider sales may pressure sentiment. Five executives sold approximately $5.49 million of stock, including CFO Adam Spice’s roughly $674,000 sale. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax withholding from vested equity awards, reducing their significance as a bearish signal, but no insider purchases were reported. Rocket Lab Stock Rises Even as Insiders Sell

Insider Buying and Selling at Rocket Lab

In related news, CFO Adam C. Spice sold 9,677 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $673,809.51. Following the completion of the transaction, the chief financial officer owned 1,155,967 shares of the company’s stock, valued at approximately $80,489,982.21. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marvin Bradford Clevenger sold 15,051 shares of Rocket Lab stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the completion of the sale, the insider owned 458,924 shares of the company’s stock, valued at $31,954,878.12. This trade represents a 3.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 3,482,622 shares of company stock valued at $306,340,164. 8.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on RKLB shares. Wall Street Zen cut Rocket Lab from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Citigroup reiterated a “market outperform” rating on shares of Rocket Lab in a report on Tuesday, July 28th. Citizens Jmp reissued a “market outperform” rating and set a $130.00 price target on shares of Rocket Lab in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus set a $132.00 price objective on shares of Rocket Lab in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.65.

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.