4,437 Shares in Rocket Lab Corporation $RKLB Purchased by Csenge Advisory Group

Csenge Advisory Group bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the fourth quarter, HoldingsChannel reports. The firm bought 4,437 shares of the rocket manufacturer’s stock, valued at approximately $310,000.

Other institutional investors have also added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Rocket Lab during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in Rocket Lab during the third quarter worth about $25,000. Aventura Private Wealth LLC bought a new position in Rocket Lab during the fourth quarter worth about $25,000. UMB Bank n.a. lifted its stake in Rocket Lab by 352.5% during the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after purchasing an additional 423 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Alexander R. Slusky sold 100,000 shares of Rocket Lab stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $118.08, for a total value of $11,808,000.00. Following the completion of the transaction, the director owned 434,675 shares in the company, valued at approximately $51,326,424. The trade was a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter Beck sold 18,857 shares of Rocket Lab stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $1,312,258.63. Following the completion of the transaction, the chief executive officer owned 884,085 shares of the company’s stock, valued at $61,523,475.15. This trade represents a 2.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 333,449 shares of company stock valued at $28,295,233 in the last ninety days. 8.40% of the stock is owned by corporate insiders.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab won a $90 million Space Force contract, which expands its satellite business into geostationary orbit and adds a meaningful new source of revenue. Article Title
• Positive Sentiment: The company completed its 9th Electron launch for Synspective, underscoring strong execution and a durable commercial launch partnership. Article Title
• Neutral Sentiment: Broader space-stock momentum and renewed interest ahead of SpaceX’s IPO are also lifting sentiment across the sector, including RKLB. Article Title
• Negative Sentiment: Some investors remain wary after Rocket Lab’s recent announcement of a potential $3 billion share-sale program, which raised dilution concerns earlier in the week. Article Title

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $135.76 on Friday. Rocket Lab Corporation has a 1 year low of $24.67 and a 1 year high of $139.76. The firm has a 50 day moving average of $84.84 and a 200-day moving average of $73.16. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $78.57 billion, a P/E ratio of -424.25 and a beta of 2.30.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) 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 company had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. Rocket Lab’s quarterly revenue was up 63.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rocket Lab Corporation will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on RKLB shares. Wall Street Zen upgraded shares of Rocket Lab from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Wells Fargo & Company started coverage on shares of Rocket Lab in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price target for the company. Needham & Company LLC raised their price target on shares of Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. TD Cowen raised their price target on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Clear Str upgraded shares of Rocket Lab to a “strong-buy” rating in a research note on Wednesday, March 18th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.19.

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.