Rocket Lab Corporation $RKLB Shares Acquired by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC grew its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 154.8% during the second quarter, HoldingsChannel reports. The firm owned 70,244 shares of the rocket manufacturer’s stock after purchasing an additional 42,681 shares during the quarter. Rocket Lab comprises approximately 2.1% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Pinnacle Wealth Management LLC’s holdings in Rocket Lab were worth $2,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in Rocket Lab during the second quarter worth $192,918,000. Sender Co & Partners Inc. acquired a new position in Rocket Lab during the first quarter worth $621,000. McGuire Investment Group LLC grew its holdings in Rocket Lab by 91.3% during the second quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer’s stock worth $7,015,000 after acquiring an additional 93,613 shares during the period. Royal Bank of Canada grew its holdings in Rocket Lab by 6.4% during the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock worth $38,057,000 after acquiring an additional 128,907 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Rocket Lab by 186.0% during the first quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer’s stock worth $24,984,000 after acquiring an additional 908,808 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Trading Down 1.1%

NASDAQ:RKLB opened at $66.27 on Friday. The company has a market capitalization of $32.07 billion, a PE ratio of -147.27 and a beta of 2.14. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 52-week low of $10.29 and a 52-week high of $73.97. The stock has a fifty day simple moving average of $50.68 and a 200-day simple moving average of $37.41.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million during the quarter, compared to analysts’ expectations of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In related news, insider Frank Klein sold 4,286 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total transaction of $204,527.92. Following the sale, the insider owned 1,316,005 shares of the company’s stock, valued at $62,799,758.60. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Ocko sold 1,873,097 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total value of $90,283,275.40. Following the completion of the sale, the director directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RKLB. Morgan Stanley upped their price objective on Rocket Lab from $20.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 13th. Bank of America upped their price objective on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Citigroup reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. KeyCorp upped their target price on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.75.

Rocket Lab Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.