Quadcap Wealth Management LLC Invests $218,000 in Rocket Lab Corporation $RKLB

Quadcap Wealth Management LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,088 shares of the rocket manufacturer’s stock, valued at approximately $218,000.

Other large investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in Rocket Lab during the second quarter worth approximately $227,000. American Century Companies Inc. increased its holdings in shares of Rocket Lab by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 2,251,130 shares of the rocket manufacturer’s stock valued at $80,523,000 after acquiring an additional 131,996 shares during the period. Franklin Resources Inc. raised its position in Rocket Lab by 85.2% in the 2nd quarter. Franklin Resources Inc. now owns 1,621,381 shares of the rocket manufacturer’s stock valued at $57,997,000 after purchasing an additional 745,870 shares during the last quarter. Legal & General Group Plc raised its position in Rocket Lab by 15.8% in the 2nd quarter. Legal & General Group Plc now owns 466,809 shares of the rocket manufacturer’s stock valued at $16,698,000 after purchasing an additional 63,569 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Rocket Lab during the 2nd quarter worth $2,377,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Adam C. Spice sold 46,994 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $40.86, for a total value of $1,920,174.84. Following the completion of the sale, the chief financial officer owned 1,995,373 shares in the company, valued at $81,530,940.78. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Ocko sold 1,873,097 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the transaction, the director owned 541,526 shares in the company, valued at $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,558,242 shares of company stock valued at $273,657,955 in the last quarter. Corporate insiders own 11.90% of the company’s stock.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $42.60 on Wednesday. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $54.91 and its two-hundred day moving average is $44.01. Rocket Lab Corporation has a 12-month low of $14.71 and a 12-month high of $73.97. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of -112.11 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The business had revenue of $155.08 million during the quarter, compared to analysts’ expectations of $152.45 million. During the same period last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. Rocket Lab has set its Q4 2025 guidance at EPS. Research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 12th. Cantor Fitzgerald upped their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Wall Street Zen raised Rocket Lab from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Bank of America boosted their target price on Rocket Lab from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $63.00 price target on shares of Rocket Lab in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rocket Lab currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.17.

About Rocket Lab

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.