Rocket Lab Corporation $RKLB Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in Rocket Lab Corporation (NASDAQ:RKLB) by 151.8% during the 2nd quarter, Holdings Channel reports. The fund owned 122,281 shares of the rocket manufacturer’s stock after buying an additional 73,714 shares during the quarter. NewEdge Advisors LLC’s holdings in Rocket Lab were worth $12,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GFG Capital LLC purchased a new position in Rocket Lab during the second quarter worth about $61,658,000. IFP Advisors Inc increased its position in Rocket Lab by 153.6% during the 2nd quarter. IFP Advisors Inc now owns 11,332 shares of the rocket manufacturer’s stock worth $1,152,000 after purchasing an additional 6,864 shares during the period. Governors Lane LP purchased a new position in shares of Rocket Lab during the 2nd quarter worth approximately $150,830,000. Baird Financial Group Inc. raised its stake in shares of Rocket Lab by 15.7% during the 2nd quarter. Baird Financial Group Inc. now owns 241,708 shares of the rocket manufacturer’s stock worth $24,570,000 after buying an additional 32,811 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. lifted its holdings in shares of Rocket Lab by 364.0% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 399 shares of the rocket manufacturer’s stock valued at $41,000 after buying an additional 313 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RKLB has been the topic of a number of analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $130.00 price target on shares of Rocket Lab in a research note on Tuesday, August 11th. Piper Sandler began coverage on Rocket Lab in a report on Wednesday, July 15th. They issued a “neutral” rating and a $83.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Friday, July 17th. Roth Capital set a $110.00 price target on shares of Rocket Lab in a research note on Tuesday, August 11th. Finally, Bank of America cut their price target on shares of Rocket Lab from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 31st. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.32.

Rocket Lab News Summary

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

• Positive Sentiment: Successful Electron launch supports near-term momentum. Rocket Lab deployed a confidential customer’s Earth-observation satellite into a 500-kilometer orbit. The mission was the company’s 95th Electron launch overall and its 16th this year, highlighting a reliable launch cadence in a capacity-constrained market. Another commercial launch is planned before the end of September. Rocket Lab Successfully Launches 16th Electron Mission
• Positive Sentiment: Analysts see substantial upside potential. Raymond James identified two opportunities with significant upside, while multiple analysts maintain Strong Buy ratings and price targets well above the current trading level. The bullish case is supported by Rocket Lab’s record revenue, expanding backlog, and more than $1 billion in new contracts since the second quarter began. Why Raymond James Is Betting Big on Rocket Lab
• Neutral Sentiment: The investment case depends on Neutron. Commentary argues Rocket Lab’s established launch and space-systems operations could justify taking the risk on its reusable Neutron medium-lift rocket. The company’s core business is improving, but Neutron’s development schedule has not changed, leaving investors focused on execution and potential delays. Rocket Lab’s Core Business Makes the Neutron Gamble Worth Taking
• Negative Sentiment: Recent underperformance reflects company-specific concerns. RKLB declined sharply from mid-June through September 10 despite record revenue and new contracts, substantially underperforming major defense peers. The drop suggests investors remain concerned about Neutron execution, elevated expectations, and the stock’s high-risk valuation. What’s Behind the RKLB Drop?
• Negative Sentiment: Insider selling is a notable overhang. Reported activity showed 97 insider sales and no purchases over the past six months, including substantial sales by CEO Peter Beck and other executives. This may reinforce concerns about valuation even as operating metrics improve.

Insider Activity

In other Rocket Lab news, CEO Peter Beck sold 1,298,622 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total transaction of $110,278,980.24. Following the completion of the transaction, the chief executive officer owned 2,715,181 shares of the company’s stock, valued at approximately $230,573,170.52. This trade represents a 32.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Adam C. Spice sold 140,157 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $62.63, for a total value of $8,778,032.91. Following the transaction, the chief financial officer directly owned 1,155,967 shares of the company’s stock, valued at $72,398,213.21. The trade was a 10.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,624,371 shares of company stock worth $312,944,881. 8.40% of the stock is owned by corporate insiders.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $62.95 on Friday. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $37.67 billion, a P/E ratio of -233.14 and a beta of 2.60. The firm has a 50-day moving average price of $71.58 and a two-hundred day moving average price of $84.45. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The business had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. As a group, research analysts expect that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab’s Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.