University of Texas Texas AM Investment Management Co. Trims Stake in Rocket Lab Corporation $RKLB

University of Texas Texas AM Investment Management Co. lessened its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 40.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,650 shares of the rocket manufacturer’s stock after selling 1,100 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Rocket Lab were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC lifted its position in Rocket Lab by 491.9% during the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after purchasing an additional 910 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after buying an additional 405 shares during the period. Spectrum Wealth Counsel LLC raised its stake in shares of Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock worth $36,000 after buying an additional 1,000 shares during the period. IFP Advisors Inc lifted its position in shares of Rocket Lab by 78.6% during the 2nd quarter. IFP Advisors Inc now owns 2,290 shares of the rocket manufacturer’s stock valued at $82,000 after buying an additional 1,008 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of Rocket Lab during the 2nd quarter valued at approximately $118,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research note on Saturday. The Goldman Sachs Group initiated coverage on shares of Rocket Lab in a research report on Monday, June 30th. They set a “neutral” rating and a $27.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Robert W. Baird assumed coverage on Rocket Lab in a research note on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price target for the company. Finally, Cantor Fitzgerald boosted their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.75.

Rocket Lab Stock Up 1.6%

Shares of NASDAQ:RKLB opened at $64.56 on Friday. The company has a 50-day moving average price of $52.74 and a 200 day moving average price of $39.04. The company has a market cap of $31.24 billion, a price-to-earnings ratio of -143.47 and a beta of 2.14. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 12 month low of $10.29 and a 12 month high of $73.97.

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

Insider Buying and Selling

In other Rocket Lab news, insider Frank Klein sold 45,535 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $2,229,848.95. Following the completion of the transaction, the insider directly owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Arjun Kampani sold 31,185 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total transaction of $1,527,129.45. Following the completion of the transaction, the senior vice president directly owned 499,045 shares in the company, valued at approximately $24,438,233.65. The trade was a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock valued at $267,483,973 over the last three months. Corporate insiders own 11.90% of the company’s stock.

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.