WCM Investment Management LLC Acquires New Stake in Rocket Lab Corporation $RKLB

WCM Investment Management LLC acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 384,935 shares of the rocket manufacturer’s stock, valued at approximately $13,619,000.

Other large investors have also recently added to or reduced their stakes in the company. WJ Wealth Management LLC boosted its stake in Rocket Lab by 29.1% in the 2nd quarter. WJ Wealth Management LLC now owns 13,120 shares of the rocket manufacturer’s stock worth $469,000 after buying an additional 2,960 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Rocket Lab in the 2nd quarter worth about $155,000. MGO One Seven LLC acquired a new stake in Rocket Lab in the 2nd quarter worth about $584,000. Allspring Global Investments Holdings LLC acquired a new stake in Rocket Lab in the 2nd quarter worth about $285,000. Finally, CWM LLC boosted its stake in Rocket Lab by 7.0% in the 2nd quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer’s stock worth $304,000 after buying an additional 556 shares during the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on RKLB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Stifel Nicolaus raised their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group started coverage on Rocket Lab in a research note on Monday, June 30th. They issued a “neutral” rating and a $27.00 price target on the stock. Roth Capital reissued a “buy” rating on shares of Rocket Lab in a research note on Friday, August 29th. Finally, Robert W. Baird initiated coverage on Rocket Lab in a report on Wednesday. They issued an “outperform” rating and a $83.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.67.

Rocket Lab Stock Performance

Rocket Lab stock opened at $67.00 on Friday. The stock’s 50-day moving average is $50.25 and its 200-day moving average is $36.95. The company has a market cap of $32.43 billion, a price-to-earnings ratio of -148.89 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 Corporation has a 12 month low of $10.29 and a 12 month high of $73.97.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The firm had revenue of $144.50 million during the quarter, compared to analysts’ expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Equities analysts anticipate 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, Director Matthew Ocko sold 1,873,097 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. This trade represents a 77.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank Klein sold 4,286 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total value of $204,527.92. Following the sale, the insider owned 1,316,005 shares in the company, valued at approximately $62,799,758.60. The trade was a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,406,361 shares of company stock worth $267,483,973. Insiders own 11.90% of the company’s stock.

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.