Sentry Investment Management LLC Makes New Investment in Rocket Lab Corporation $RKLB

Sentry Investment Management LLC purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,047 shares of the rocket manufacturer’s stock, valued at approximately $118,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its holdings in Rocket Lab by 1.4% in the second quarter. Chicago Partners Investment Group LLC now owns 81,499 shares of the rocket manufacturer’s stock worth $2,915,000 after acquiring an additional 1,137 shares in the last quarter. Pinnacle Wealth Management LLC boosted its holdings in Rocket Lab by 154.8% in the second quarter. Pinnacle Wealth Management LLC now owns 70,244 shares of the rocket manufacturer’s stock worth $2,513,000 after acquiring an additional 42,681 shares in the last quarter. International Assets Investment Management LLC bought a new position in Rocket Lab in the second quarter worth approximately $441,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Rocket Lab in the second quarter worth approximately $780,000. Finally, Huntleigh Advisors Inc. raised its stake in shares of Rocket Lab by 2.6% in the second quarter. Huntleigh Advisors Inc. now owns 51,747 shares of the rocket manufacturer’s stock worth $1,851,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors own 71.78% of the company’s stock.

Insider Activity at Rocket Lab

In related news, insider Frank Klein sold 4,286 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total transaction of $204,527.92. Following the completion of the sale, the insider directly owned 1,316,005 shares of the company’s stock, valued at approximately $62,799,758.60. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew Ocko sold 1,873,097 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total value of $90,283,275.40. Following the sale, the director directly owned 541,526 shares of the company’s stock, valued at $26,101,553.20. The trade was a 77.57% 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 in the last ninety days. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RKLB. Bank of America increased their price objective on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on Rocket Lab from $20.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Monday, October 13th. Roth Capital reissued a “buy” rating on shares of Rocket Lab in a research note on Friday, August 29th. Finally, Stifel Nicolaus increased their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.75.

Rocket Lab Stock Performance

Shares of RKLB opened at $66.27 on Monday. The company has a current ratio of 2.67, a quick ratio of 2.33 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. The stock has a 50 day moving average of $50.68 and a 200 day moving average of $37.54. Rocket Lab Corporation has a 12 month low of $10.29 and a 12 month high of $73.97.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $144.50 million for the quarter, compared to analysts’ expectations 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 was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current 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.