Fund Advisors of America Inc FL Takes $640,000 Position in Rocket Lab Corporation $RKLB

Fund Advisors of America Inc FL acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,176 shares of the rocket manufacturer’s stock, valued at approximately $640,000.

Other large investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in Rocket Lab during the fourth quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Rocket Lab in the fourth quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Rocket Lab during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Rocket Lab during the 4th quarter valued at about $29,000. 71.78% of the stock is currently owned by institutional investors.

Key Rocket Lab News

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

• Positive Sentiment: Rocket Lab is being added to the Nasdaq-100, a move that could bring steady institutional buying from passive funds and ETFs tracking the index. Why Rocket Lab’s Nasdaq-100 Moment Could Change the Story
• Positive Sentiment: The company passed a key SDA review, supporting the credibility of its space systems and defense business expansion. Rocket Lab (RKLB) Passes Key SDA Review As Nasdaq 100 Inclusion Reshapes Its Story
• Positive Sentiment: Recent commentary continues to highlight Rocket Lab’s strong fundamentals, including record quarterly revenue and a large backlog, which support the long-term growth narrative. Rocket Lab (RKLB) Stock Falls 30% Despite Record Q1 Results and Nasdaq-100 Entry
• Neutral Sentiment: Analyst and media commentary continues to frame RKLB as a high-growth space stock with meaningful upside, but also a relatively rich valuation after a sharp run. Price Prediction: Rocket Lab Will Hit $150 on This Date
• Negative Sentiment: SVP Arjun Kampani sold 88,000 shares worth about $9.5 million, and the insider sale has added to profit-taking concerns. Rocket Lab (NASDAQ:RKLB) SVP Sells 88,000 Shares

Rocket Lab Stock Performance

Shares of RKLB stock opened at $107.24 on Friday. Rocket Lab Corporation has a 52-week low of $27.84 and a 52-week high of $151.00. The stock has a market cap of $62.07 billion, a price-to-earnings ratio of -335.12 and a beta of 2.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. The firm has a fifty day moving average of $105.58 and a 200-day moving average of $83.31.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share 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 company had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same period in the prior year, the company posted ($0.12) EPS. The company’s revenue was up 63.4% compared to the same quarter last year. On average, equities research analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RKLB. Stifel Nicolaus set a $132.00 price objective on Rocket Lab in a research note on Thursday, June 4th. Clear Str upgraded Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Craig Hallum raised shares of Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Friday, May 8th. BTIG Research restated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.76.

Insider Activity

In other Rocket Lab news, insider Frank Klein sold 44,390 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the sale, the insider directly owned 1,043,847 shares of the company’s stock, valued at approximately $148,821,266.79. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alexander R. Slusky sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total transaction of $11,808,000.00. Following the sale, the director directly owned 434,675 shares of the company’s stock, valued at approximately $51,326,424. The trade was a 18.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 573,515 shares of company stock valued at $76,412,122 in the last ninety days. 8.40% of the stock is currently 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.