Nicholas Investment Partners LP Buys New Stake in Rocket Lab Corporation $RKLB

Nicholas Investment Partners LP bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,341 shares of the rocket manufacturer’s stock, valued at approximately $1,356,000.

Several other hedge funds also recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of Rocket Lab in the fourth quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Rocket Lab during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 416 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Rocket Lab during the 4th quarter worth about $29,000. Finally, Reflection Asset Management purchased a new stake in Rocket Lab during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab

In related news, CEO Peter Beck sold 990,960 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $82.86, for a total transaction of $82,110,945.60. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alexander R. Slusky sold 40,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the transaction, the director directly owned 334,675 shares in the company, valued at approximately $41,365,830. This represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,597,943 shares of company stock valued at $329,430,096 in the last quarter. Insiders own 8.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RKLB shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald lifted their price target on shares of Rocket Lab from $96.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. BTIG Research reissued a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Craig Hallum upped their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Citizens Jmp restated a “market outperform” rating and set a $130.00 target price on shares of Rocket Lab in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $110.65.

Rocket Lab Stock Down 5.9%

RKLB opened at $68.28 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The stock has a market capitalization of $40.86 billion, a price-to-earnings ratio of -252.88 and a beta of 2.60. The business has a 50-day moving average of $81.04 and a two-hundred day moving average of $85.20. Rocket Lab Corporation has a 12 month low of $37.57 and a 12 month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $234.07 million for the quarter, compared to analyst estimates of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. On average, research analysts expect that Rocket Lab Corporation will post -0.2 earnings per share for the current year.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab delivered record second-quarter revenue of approximately $234 million and reported a $2.36 billion backlog, providing visibility across its launch and Space Systems businesses. Space Systems is increasingly broadening the company’s growth engine beyond rocket launches. Why I’m Buying Rocket Lab Over SpaceX
• Positive Sentiment: Rocket Lab joined the $981 million NITE-STAR program, potentially expanding its role in space testing, training and mission infrastructure and creating additional government-related opportunities. Can NITE-STAR Expand Rocket Lab’s Space Infrastructure Opportunity?
• Positive Sentiment: Management said a successful Neutron test launch could put Rocket Lab on track for positive adjusted EBITDA as soon as the following quarter. Neutron launches are reportedly commanding more than $50 million before the first flight, suggesting strong customer interest and potentially scarce early capacity. Rocket Lab Stock: One Neutron Launch Could Change Its Entire Financial Picture
• Positive Sentiment: The “Hungry Hippo” test article reportedly withstood forces above projected flight levels and has begun flight-like testing ahead of Neutron’s anticipated fourth-quarter debut, supporting investor optimism about development progress. RKLB Stock Rockets Toward Best Month Since May
• Neutral Sentiment: Analysts and market commentators describe the recent sell-off as potentially fading, but investors remain focused on Neutron’s fourth-quarter debut before assigning the company a higher valuation. Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
• Negative Sentiment: Rocket Lab remains unprofitable, and its latest quarterly EPS missed expectations. Pre-building multiple Neutron vehicles could accelerate commercialization but risks significant stranded capital if the rocket’s design changes or development is delayed. Rocket Lab: The Hidden Risks No One Talks About

Rocket Lab 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.