Private Advisor Group LLC Sells 10,590 Shares of Rocket Lab Corporation $RKLB

Private Advisor Group LLC decreased its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 33.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,677 shares of the rocket manufacturer’s stock after selling 10,590 shares during the period. Private Advisor Group LLC’s holdings in Rocket Lab were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB grew its holdings in shares of Rocket Lab by 8.2% during the fourth quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock worth $35,525,000 after purchasing an additional 38,770 shares during the last quarter. Firsthand Capital Management Inc. increased its stake in shares of Rocket Lab by 40.0% in the third quarter. Firsthand Capital Management Inc. now owns 70,000 shares of the rocket manufacturer’s stock valued at $3,354,000 after buying an additional 20,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after buying an additional 5,610,469 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Rocket Lab by 6.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock valued at $180,849,000 after buying an additional 154,623 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in Rocket Lab by 47.2% during the 4th quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock worth $1,245,317,000 after buying an additional 5,725,536 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab

In other news, SVP Arjun Kampani sold 88,000 shares of Rocket Lab stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the transaction, the senior vice president directly owned 264,705 shares of the company’s stock, valued at $28,582,845.90. This trade represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter Beck sold 990,960 shares of the business’s stock in a transaction 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 directly owned 1,724,221 shares of the company’s stock, valued at $142,868,952.06. This trade represents a 36.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 3,849,294 shares of company stock valued at $362,816,208. Corporate insiders own 8.40% of the company’s stock.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab continues to attract bullish analyst attention, with Morgan Stanley highlighting the company as a potential “Player 2” in the space race and boosting its bull-case valuation significantly. Analysts argue RKLB is gaining credibility as a capable alternative to SpaceX, supported by launch execution and expansion into satellite connectivity. Article: Why Morgan Stanley thinks Rocket Lab is becoming ‘Player 2’
• Positive Sentiment: Recent commentary also points to operational strength, including a record-fast Space Force mission and a strong revenue trend, reinforcing the view that Rocket Lab is executing well ahead of its next earnings report. Article: Rocket Lab’s Stock Drop Comes With a Bullish Twist
• Neutral Sentiment: Wall Street still broadly rates Rocket Lab as a “Moderate Buy,” suggesting analysts remain constructive on the long-term story even after the stock’s pullback. Article: Rocket Lab Corporation (NASDAQ:RKLB) Given Average Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Heavy insider selling by CEO Peter Beck has weighed on sentiment, with multiple large planned share sales disclosed over the past few days. Even though the sales were made under a 10b5-1 plan, investors often view this as a near-term caution signal. Article: Insider Selling: Rocket Lab (NASDAQ:RKLB) CEO Sells 990,960 Shares of Stock
• Negative Sentiment: The stock is also being hit by a broader selloff in high-beta space names, as some traders question whether the rally had run ahead of fundamentals. Article: Rocket Lab Stock Falls Tuesday: What’s Driving the Weakness?

Wall Street Analyst Weigh In

RKLB has been the subject of several research reports. Citigroup restated an “outperform” rating on shares of Rocket Lab in a research report on Tuesday, June 30th. New Street Research initiated coverage on shares of Rocket Lab in a research report on Wednesday, May 13th. They set a “buy” rating and a $150.00 target price on the stock. Citizens Jmp increased their price target on shares of Rocket Lab from $95.00 to $130.00 and gave the company a “market outperform” rating in a research note on Tuesday, June 30th. TD Cowen raised their price target on shares of Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, BTIG Research restated a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.24.

Rocket Lab Price Performance

Rocket Lab stock opened at $81.04 on Monday. The firm has a market capitalization of $46.90 billion, a P/E ratio of -253.25 and a beta of 2.54. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00. The business has a 50-day moving average of $109.24 and a 200-day moving average of $87.30. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business had revenue of $200.35 million for the quarter, compared to the consensus estimate of $189.65 million. During the same period last year, the company posted ($0.12) EPS. Rocket Lab’s revenue for the quarter was up 63.4% on a year-over-year basis. On average, equities analysts anticipate that Rocket Lab Corporation will post -0.26 EPS for the current year.

About Rocket Lab

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.