Thompson Davis & CO. Inc. Makes New $445,000 Investment in Rocket Lab Corporation $RKLB

Thompson Davis & CO. Inc. purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,450 shares of the rocket manufacturer’s stock, valued at approximately $445,000.

A number of other institutional investors have also made changes to their positions in the business. Spectrum Wealth Counsel LLC increased its stake in Rocket Lab by 100.0% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Rocket Lab in the 2nd quarter valued at about $36,000. ORG Partners LLC raised its stake in Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after buying an additional 910 shares during the period. Golden State Wealth Management LLC lifted its holdings in Rocket Lab by 3,250.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,340 shares of the rocket manufacturer’s stock valued at $48,000 after purchasing an additional 1,300 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after buying an additional 405 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total transaction of $449,143.20. Following the transaction, the senior vice president owned 489,629 shares of the company’s stock, valued at $23,355,303.30. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the sale, the chief financial officer directly owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,406,361 shares of company stock valued at $267,483,973 in the last ninety days. 11.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RKLB has been the topic of a number of recent research reports. Bank of America raised their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Cantor Fitzgerald raised 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Baird R W raised Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Roth Capital reissued a “buy” rating and issued a $75.00 price objective on shares of Rocket Lab in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.33.

Rocket Lab Trading Down 4.3%

Rocket Lab stock opened at $47.84 on Thursday. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of -129.10 and a beta of 2.16. The company has a current ratio of 3.18, a quick ratio of 2.33 and a debt-to-equity ratio of 0.32. Rocket Lab Corporation has a 12 month low of $14.71 and a 12 month high of $73.97. The business’s fifty day simple moving average is $55.86 and its two-hundred day simple moving average is $42.57.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million for the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The business’s revenue was up 48.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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.