Quantinno Capital Management LP Purchases 40,161 Shares of Rocket Lab Corporation $RKLB

Quantinno Capital Management LP grew its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 48.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,335 shares of the rocket manufacturer’s stock after purchasing an additional 40,161 shares during the quarter. Quantinno Capital Management LP’s holdings in Rocket Lab were worth $7,856,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RKLB. AQR Capital Management LLC increased its holdings in shares of Rocket Lab by 114.0% during the first quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after purchasing an additional 92,849 shares during the period. NewEdge Advisors LLC increased its position in shares of Rocket Lab by 1,812.1% in the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after purchasing an additional 34,882 shares during the period. Jones Financial Companies Lllp raised its stake in Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after purchasing an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock valued at $13,831,000 after purchasing an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in Rocket Lab by 1.0% during the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after purchasing an additional 681 shares during the period. 71.78% of the stock is owned by institutional investors.

Insider Activity at Rocket Lab

In other news, CEO Peter Beck sold 990,960 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $82.86, for a total transaction of $82,110,945.60. Following the completion of the sale, the chief executive officer owned 1,724,221 shares of the company’s stock, valued at approximately $142,868,952.06. This represents a 36.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 36,860 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $147.42, for a total transaction of $5,433,901.20. Following the transaction, the insider directly owned 1,006,987 shares of the company’s stock, valued at approximately $148,450,023.54. This trade represents a 3.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,849,294 shares of company stock worth $362,816,208 in the last three months. 8.40% of the stock is owned by insiders.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab was awarded a $397 million U.S. Space Force contract to develop, launch and operate Flatellite spacecraft for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. The award strengthens Rocket Lab’s defense and satellite-systems business, provides additional revenue visibility and includes an option for more satellites. Rocket Lab awarded $397 million contract
• Positive Sentiment: The contract highlights Rocket Lab’s vertically integrated capabilities across satellite manufacturing, launch services and mission operations. The company plans to use its upcoming Neutron rocket, potentially supporting demand for the vehicle as it develops its medium-lift launch business.
• Positive Sentiment: Investors are also positioning ahead of Rocket Lab’s August 10 earnings release. Recent results showed first-quarter revenue of approximately $200.3 million, up 63% year over year, while analysts’ reported price targets have a median of $120, well above the recent trading level. Rocket Lab earnings expectations
• Neutral Sentiment: Broader space stocks also gained as traders awaited SpaceX’s first earnings report as a public company, creating favorable sector momentum for RKLB. Space stocks rise ahead of SpaceX earnings
• Negative Sentiment: Rocket Lab’s fundamentals remain a risk: the company is unprofitable, and investors continue to debate potential dilution and execution challenges related to the Iridium acquisition and Neutron development. In addition, reported insider activity shows extensive selling with no open-market purchases in the past six months, which may temper enthusiasm.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Piper Sandler assumed coverage on Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 target price for the company. TD Cowen lifted their price target on shares of Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Stifel Nicolaus set a $132.00 target price on shares of Rocket Lab in a research report on Thursday, June 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. 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 company. Based on data from MarketBeat.com, Rocket Lab has a consensus rating of “Moderate Buy” and an average price target of $110.29.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $74.48 on Wednesday. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of -232.75 and a beta of 2.60. 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 company has a fifty day moving average price of $93.04 and a 200-day moving average price of $86.10. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The firm had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The business’s revenue was up 63.4% on a year-over-year basis. As a group, equities research analysts predict that Rocket Lab Corporation will post -0.26 EPS for the current fiscal year.

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.