Rocket Lab Corporation $RKLB Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 37.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,471 shares of the rocket manufacturer’s stock after buying an additional 62,254 shares during the period. Sei Investments Co.’s holdings in Rocket Lab were worth $14,737,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RKLB. Mcguire Capital Advisors Inc. purchased a new position in shares of Rocket Lab in the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Rocket Lab during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its stake in Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Rocket Lab in the 4th quarter valued at $29,000. Finally, Reflection Asset Management purchased a new position in Rocket Lab in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Trading Up 10.4%

NASDAQ RKLB opened at $64.68 on Friday. The firm’s 50-day moving average is $97.13 and its two-hundred day moving average is $86.50. Rocket Lab Corporation has a 12 month low of $37.57 and a 12 month high of $151.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The stock has a market capitalization of $37.43 billion, a P/E ratio of -202.13 and a beta of 2.54.

Rocket Lab (NASDAQ:RKLB) last released its quarterly 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). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business had revenue of $200.35 million for the quarter, compared to the consensus estimate of $189.65 million. During the same period in the previous year, the firm earned ($0.12) EPS. The business’s revenue was up 63.4% on a year-over-year basis. On average, sell-side analysts anticipate that Rocket Lab Corporation will post -0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RKLB shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $96.00 target price on shares of Rocket Lab in a report on Tuesday, June 30th. Stifel Nicolaus set a $132.00 price target on shares of Rocket Lab in a research report on Thursday, June 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Citizens Jmp boosted their target price on Rocket Lab from $95.00 to $130.00 and gave the stock a “market outperform” rating in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.29.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: New iQPS contract: Rocket Lab secured an agreement with Japan’s iQPS for three dedicated Electron launches to deploy synthetic-aperture radar satellites. It is iQPS’s third multi-launch Electron booking in less than a year, strengthening Rocket Lab’s launch backlog and supporting demand for its small-launch services. Rocket Lab Secures Multi-Launch Deal with iQPS for Three Dedicated Missions
• Positive Sentiment: Government and long-term growth catalysts: Investor attention is also focused on Rocket Lab’s record $266 million U.S. Space Force award for at least 12 missile-defense test missions, progress toward the Neutron rocket and potential analyst price-target upside. The company’s first-quarter revenue rose 63% year over year to about $200 million, exceeding estimates, indicating strong operating momentum. Should You Buy Rocket Lab Stock After It Just Won Its Largest Launch Contract in History?
• Neutral Sentiment: Oversold rebound: Coverage characterized the recent move as a bounce after a sharp sell-off, with shares near technical support and oversold levels. This may attract short-term traders, but it does not by itself change Rocket Lab’s underlying earnings outlook.
• Negative Sentiment: Profitability and valuation concerns: Rocket Lab remains unprofitable, with a negative net margin near 27%, while substantial spending on Neutron could keep near-term cash burn elevated. Government contract revenue will be recognized over multiple years rather than immediately offsetting development costs. Space sector repricing and Rocket Lab fundamentals
• Negative Sentiment: Sector and insider-selling pressure: The repricing of high-growth aerospace stocks, including SpaceX, has reduced investor appetite for loss-making space companies. Separately, reported open-market insider activity showed 106 sales and no purchases over six months, including significant sales by executives, which may weigh on sentiment.

Insider Buying and Selling

In related news, SVP Arjun Kampani sold 88,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $107.98, for a total value of $9,502,240.00. Following the sale, the senior vice president owned 264,705 shares in the company, valued at approximately $28,582,845.90. The trade was a 24.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marvin Bradford Clevenger sold 3,500 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $146.67, for a total value of $513,345.00. Following the transaction, the insider directly owned 473,975 shares in the company, valued at approximately $69,517,913.25. The trade was a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,849,294 shares of company stock valued at $362,816,208 over the last quarter. 8.40% of the stock is owned by corporate insiders.

Rocket Lab Company Profile

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.