Bouvel Investment Partners LLC Buys New Stake in Rocket Lab Corporation $RKLB

Bouvel Investment Partners LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,145 shares of the rocket manufacturer’s stock, valued at approximately $1,682,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Rocket Lab in the second quarter worth $4,124,970,000. Bank of New York Mellon Corp acquired a new position in Rocket Lab in the 2nd quarter valued at $245,764,000. Bank of America Corp DE acquired a new position in Rocket Lab in the 2nd quarter valued at $437,280,000. Legal & General Group Plc bought a new position in Rocket Lab in the 2nd quarter worth $171,763,000. Finally, Tema ETFs LLC raised its holdings in Rocket Lab by 65,542.6% in the 2nd quarter. Tema ETFs LLC now owns 1,622,028 shares of the rocket manufacturer’s stock worth $164,879,000 after acquiring an additional 1,619,557 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Citizens Jmp reiterated a “market outperform” rating and issued a $130.00 price objective on shares of Rocket Lab in a research note on Tuesday, August 11th. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Monday, July 27th. Morgan Stanley restated an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Finally, Citigroup began coverage on Rocket Lab in a report on Thursday, October 1st. They issued a “buy” rating and a $105.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rocket Lab has an average rating of “Moderate Buy” and an average target price of $104.71.

Rocket Lab Stock Performance

Shares of NASDAQ:RKLB traded down $1.49 on Tuesday, hitting $64.22. 15,528,567 shares of the company were exchanged, compared to its average volume of 22,956,574. The company’s 50 day moving average price is $70.42 and its two-hundred day moving average price is $84.44. Rocket Lab Corporation has a one year low of $37.57 and a one year high of $151.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The firm has a market capitalization of $38.43 billion, a price-to-earnings ratio of -237.84 and a beta of 2.93.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share 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 the consensus estimate of $231.62 million. Research analysts expect that Rocket Lab Corporation will post -0.20 earnings per share for the current year.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab is increasing its launch cadence, with 18 missions completed and plans for roughly 30% more satellites to reach orbit this year than last year. Its Electron vehicle is also approaching its 100th launch. 18 Launches Down, 9 More to Go for Rocket Lab
• Positive Sentiment: The company’s backlog has reached a record $2.36 billion, while a Japanese satellite customer reportedly signed a contract for 20 additional launches. These developments support longer-term revenue visibility. Cathie Wood Keeps Buying Rocket Lab Stock as It Trades at Less Than Half Its Record
• Positive Sentiment: NASA’s potential multibillion-dollar lunar-base program and heightened U.S.-China space competition could create significant future demand for larger launch vehicles such as Neutron. ARK Invest’s recent purchases and Barclays’ new Overweight coverage also provide supportive signals. RKLB Stock Rises Overnight
• Neutral Sentiment: Analyst views remain mixed: Goldman Sachs has assigned a Hold rating, while TD Cowen lowered its price target to $90 but retained a Buy rating. Investors appear to be waiting for a clearer Neutron development milestone before assigning higher value to the shares. Rocket Lab Receives a Hold from Goldman Sachs
• Negative Sentiment: Rocket Lab’s chief financial officer reportedly sold approximately $9.9 million of company stock. The transaction is adding to investor concerns after the shares’ decline from their 52-week high and may be interpreted as a negative insider signal. Rocket Lab CFO Dumps $9.9 Million in Stock
• Negative Sentiment: Reports cite continuing worries about Neutron delays and Rocket Lab’s demanding valuation. The company remains unprofitable, and investors are increasingly focused on whether the new rocket can launch on schedule and justify its growth expectations. Rocket Lab Missing Neutron Catalyst
• Negative Sentiment: Broader weakness across space stocks is also weighing on RKLB. Investors are reassessing volatile, loss-making space holdings and potential competition from SpaceX, including risks to satellite and direct-to-cell opportunities. AST SpaceMobile Sinks as SpaceX Threat Grows

Insider Buying and Selling

In other news, CAO Agostino Ricupati sold 669 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $46,582.47. Following the sale, the chief accounting officer directly owned 26,863 shares in the company, valued at approximately $1,870,470.69. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Frank Klein sold 35,558 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $66.61, for a total value of $2,368,518.38. Following the completion of the transaction, the insider owned 925,737 shares of the company’s stock, valued at $61,663,341.57. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 400,749 shares of company stock worth $26,964,474. 8.40% of the stock is currently owned by corporate insiders.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space and launch company that provides launch services, spacecraft, satellite components and other space systems for commercial, civil and national-security customers. The company designs and manufactures many of its products in-house, supporting missions from initial spacecraft development through launch and on-orbit operations.

Rocket Lab’s primary launch vehicle is Electron, a small-lift rocket designed to place satellites into low Earth orbit. The company also operates the HASTE suborbital test platform for hypersonic and other advanced aerospace technologies and is developing Neutron, a larger reusable rocket intended to serve commercial and government missions.