Flputnam Investment Management Co. Invests $295,000 in Rocket Lab Corporation $RKLB

Flputnam Investment Management Co. bought a new position in Rocket Lab Corporation (NASDAQ:RKLB) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 4,229 shares of the rocket manufacturer’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aventura Private Wealth LLC bought a new position in shares of Rocket Lab in the 4th quarter worth approximately $25,000. UMB Bank n.a. raised its position in shares of Rocket Lab by 352.5% in the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after acquiring an additional 423 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Rocket Lab in the 4th quarter worth approximately $32,000. Finally, DecisionPoint Financial LLC raised its position in shares of Rocket Lab by 91.1% in the 4th quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer’s stock worth $33,000 after acquiring an additional 225 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price (up from $90.00) on shares of Rocket Lab in a research report on Monday, April 20th. New Street Research initiated coverage on shares of Rocket Lab in a research report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. Finally, TD Cowen upped their target price on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Rocket Lab Stock Performance

Shares of RKLB opened at $143.48 on Friday. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $92.13 and its 200-day moving average price is $76.27. Rocket Lab Corporation has a 52 week low of $25.24 and a 52 week high of $151.00. The stock has a market cap of $83.04 billion, a P/E ratio of -448.38 and a beta of 2.30.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.Rocket Lab’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) EPS. Equities research analysts anticipate that Rocket Lab Corporation will post -0.29 earnings per share for the current fiscal year.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab continues to benefit from optimism around its defense business, including progress on its SDA missile-defense constellation work and a reported milestone that helped push total defense awards above $1.3 billion. Rocket Lab Hits Key SDA Milestone, Expands Defense Footprint
• Positive Sentiment: The stock is also being lifted by broader enthusiasm for the space sector, with traders speculating that a potential SpaceX IPO could re-rate public space names and keep capital flowing into Rocket Lab. Is Rocket Lab Corporation (RKLB) Among the Best Space Stocks to Buy According to Reddit and Social Media?
• Positive Sentiment: Recent coverage highlighted Rocket Lab’s improving revenue momentum and expanding role as a space-defense contractor, reinforcing the case for continued growth. Rocket Lab (RKLB) Stock Soars as Defense Contracts Surpass $1.3 Billion Milestone
• Neutral Sentiment: Several bullish articles framed Rocket Lab as a key “SpaceX alternative,” but much of that move appears driven by valuation expansion and theme trading rather than a single new operating catalyst. Rocket Lab (RKLB) Stock Price Forecast — Can the 115% Rally Continue?
• Negative Sentiment: Rocket Lab also faced pressure from a broader selloff in space stocks after Blue Origin’s New Glenn rocket exploded during a hotfire test, raising risk-off sentiment across the group. Blue Origin New Glenn Rocket Erupts in Flames During Hotfire Test at Cape Canaveral
• Negative Sentiment: Sentiment was further weighed by multiple insider sales disclosed this week, including transactions by senior executives, even though the sales were tied to 10b5-1 plans and tax withholding on equity awards. Arjun Kampani Insider Trading Activity

Insider Buying and Selling

In other news, SVP Arjun Kampani sold 70,000 shares of Rocket Lab stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $145.13, for a total value of $10,159,100.00. Following the completion of the transaction, the senior vice president owned 376,509 shares of the company’s stock, valued at $54,642,751.17. The trade was a 15.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, CFO Adam C. Spice sold 62,744 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $4,366,354.96. Following the sale, the chief financial officer directly owned 1,296,824 shares of the company’s stock, valued at $90,245,982.16. This trade represents a 4.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 554,800 shares of company stock worth $60,032,445 in the last 90 days. 8.40% of the stock is owned by company insiders.

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.