Bessemer Group Inc. Trims Stake in Rocket Lab Corporation $RKLB

Bessemer Group Inc. trimmed its position in Rocket Lab Corporation (NASDAQ:RKLB) by 18.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 63,058 shares of the rocket manufacturer’s stock after selling 14,000 shares during the quarter. Bessemer Group Inc.’s holdings in Rocket Lab were worth $2,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC raised its holdings in shares of Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after acquiring an additional 910 shares in the last quarter. GAMMA Investing LLC increased its position in Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after purchasing an additional 405 shares during the period. Spectrum Wealth Counsel LLC raised its holdings in shares of Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Rocket Lab by 78.6% in the 2nd quarter. IFP Advisors Inc now owns 2,290 shares of the rocket manufacturer’s stock valued at $82,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of Rocket Lab during the second quarter valued at approximately $118,000. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Performance

RKLB opened at $60.92 on Friday. The company has a market cap of $29.48 billion, a P/E ratio of -135.38 and a beta of 2.14. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $54.51 and its 200-day moving average price is $40.26. Rocket Lab Corporation has a 52-week low of $10.29 and a 52-week high of $73.97.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $135.42 million. During the same period in the prior year, the firm posted ($0.08) EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. KeyCorp lifted their price objective on shares of Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Craig Hallum started coverage on Rocket Lab in a research report on Monday, July 28th. They issued a “hold” rating and a $51.00 price target for the company. Roth Capital restated a “buy” rating on shares of Rocket Lab in a research note on Friday, August 29th. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Stifel Nicolaus boosted their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.75.

Insider Buying and Selling at Rocket Lab

In other news, CFO Adam C. Spice sold 874,588 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the sale, the chief financial officer directly owned 2,057,889 shares of the company’s stock, valued at $98,799,250.89. The trade was a 29.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at approximately $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 5,406,361 shares of company stock valued at $267,483,973. Company insiders own 11.90% of the company’s stock.

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.