MGO One Seven LLC Makes New $584,000 Investment in Rocket Lab Corporation $RKLB

MGO One Seven LLC purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,324 shares of the rocket manufacturer’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Rocket Lab during the second quarter worth about $192,918,000. Sender Co & Partners Inc. purchased a new stake in Rocket Lab during the first quarter worth about $621,000. McGuire Investment Group LLC increased its stake in Rocket Lab by 91.3% during the second quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer’s stock worth $7,015,000 after purchasing an additional 93,613 shares during the period. Royal Bank of Canada increased its stake in Rocket Lab by 6.4% during the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock worth $38,057,000 after purchasing an additional 128,907 shares during the period. Finally, Voya Investment Management LLC increased its stake in Rocket Lab by 186.0% during the first quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer’s stock worth $24,984,000 after purchasing an additional 908,808 shares during the period. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RKLB has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Rocket Lab in a research note on Wednesday, September 3rd. Stifel Nicolaus upped their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Craig Hallum initiated coverage on shares of Rocket Lab in a research note on Monday, July 28th. They set a “hold” rating and a $51.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Rocket Lab in a research note on Monday, June 30th. They set a “neutral” rating and a $27.00 target price on the stock. Finally, Baird R W upgraded shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.75.

Insider Transactions at Rocket Lab

In other news, CFO Adam C. Spice sold 874,588 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the sale, the chief financial officer directly owned 2,057,889 shares of the company’s stock, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Arjun Kampani sold 31,185 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total value of $1,527,129.45. Following the completion of the sale, the senior vice president directly owned 499,045 shares of the company’s stock, valued at $24,438,233.65. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 over the last three months. 11.90% of the stock is owned by corporate insiders.

Rocket Lab Stock Performance

Shares of RKLB opened at $66.27 on Friday. The stock has a 50 day moving average price of $50.68 and a 200 day moving average price of $37.28. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of -147.27 and a beta of 2.14. Rocket Lab Corporation has a 52-week low of $10.29 and a 52-week high of $73.97.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

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.