Intellectus Partners LLC Raises Stock Holdings in Rocket Lab Corporation $RKLB

Intellectus Partners LLC raised its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,125 shares of the rocket manufacturer’s stock after purchasing an additional 1,100 shares during the period. Intellectus Partners LLC’s holdings in Rocket Lab were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of Rocket Lab by 1.9% in the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock valued at $442,000 after buying an additional 234 shares in the last quarter. GAMMA Investing LLC increased its position in Rocket Lab by 36.4% during 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 in the last quarter. Allworth Financial LP raised its stake in Rocket Lab by 4.0% in the 1st quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer’s stock worth $213,000 after acquiring an additional 458 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Rocket Lab by 1.4% during the first quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer’s stock worth $627,000 after buying an additional 500 shares in the last quarter. Finally, CWM LLC boosted its holdings in Rocket Lab by 7.0% during the second quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer’s stock worth $304,000 after buying an additional 556 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RKLB has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Bank of America upped their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Citigroup reiterated a “buy” rating and set a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Finally, Cantor Fitzgerald raised their price objective on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rocket Lab currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

Rocket Lab Stock Up 3.4%

RKLB opened at $62.98 on Monday. Rocket Lab Corporation has a twelve month low of $10.29 and a twelve month high of $73.97. 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 50-day moving average price of $54.88 and a 200 day moving average price of $40.85. The company has a market cap of $30.48 billion, a PE ratio of -139.96 and a beta of 2.16.

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

Insider Transactions at Rocket Lab

In related news, insider Frank Klein sold 4,286 shares of the business’s 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 in the company, valued at approximately $62,799,758.60. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total value of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares of the company’s stock, valued at approximately $121,875,000. This represents a 36.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,406,361 shares of company stock valued at $267,483,973. Insiders own 11.90% of the company’s stock.

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.