Rocket Lab Corporation $RKLB Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 6.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 142,531 shares of the rocket manufacturer’s stock after purchasing an additional 9,093 shares during the quarter. Kestra Advisory Services LLC’s holdings in Rocket Lab were worth $9,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Aventura Private Wealth LLC acquired a new position in shares of Rocket Lab in the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Rocket Lab during the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Rocket Lab during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after buying an additional 416 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Rocket Lab during the fourth quarter worth approximately $29,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: Cantor reiterated a Buy rating on Rocket Lab after the successful VICTUS HAZE mission, reinforcing confidence in the company’s execution and space systems capabilities. Article Title
• Positive Sentiment: Rocket Lab has continued to post mission and contract wins, including a recent U.S. Space Force mission success and a NASA launch award, which support the bullish long-term growth case. Article Title
• Neutral Sentiment: Analysts remain generally constructive, with recent price targets clustered around the low-to-mid $100s and multiple firms maintaining bullish ratings on RKLB. Article Title
• Negative Sentiment: Investor concern is building around Rocket Lab’s planned Iridium acquisition, which includes a large cash-and-stock structure and has raised questions about financing, leverage, and dilution for shareholders. Article Title
• Negative Sentiment: Broader weakness in growth and space-related stocks is also weighing on RKLB, suggesting some of the selling is tied to risk-off sentiment rather than a company-specific operational miss. Article Title
• Negative Sentiment: Recent insider selling and heavy debate about the stock’s technical support levels are adding to caution among traders. Article Title

Insider Activity

In other Rocket Lab news, CEO Peter Beck sold 1,298,622 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total transaction of $110,278,980.24. Following the completion of the sale, the chief executive officer directly owned 2,715,181 shares in the company, valued at approximately $230,573,170.52. This trade represents a 32.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Adam C. Spice sold 62,744 shares of Rocket Lab stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total value of $8,945,412.08. Following the transaction, the chief financial officer directly owned 983,049 shares in the company, valued at approximately $140,153,295.93. This trade represents a 6.00% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold 3,849,294 shares of company stock valued at $362,816,208 in the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RKLB. New Street Research began coverage on shares of Rocket Lab in a research report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price target on the stock. BTIG Research reissued a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Clear Str raised Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Morgan Stanley reiterated an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. Finally, TD Cowen lifted their price target on Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and an average target price of $111.88.

Rocket Lab Trading Down 5.3%

Rocket Lab stock opened at $76.73 on Tuesday. Rocket Lab Corporation has a 52 week low of $37.57 and a 52 week high of $151.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. The firm has a market capitalization of $44.41 billion, a price-to-earnings ratio of -239.78 and a beta of 2.54. The company has a 50 day moving average price of $109.12 and a 200 day moving average price of $87.30.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The company 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%.The company’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Research analysts forecast that Rocket Lab Corporation will post -0.26 EPS for the current year.

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.