Foundations Investment Advisors LLC Increases Stock Position in Rocket Lab Corporation $RKLB

Foundations Investment Advisors LLC boosted its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,175 shares of the rocket manufacturer’s stock after purchasing an additional 15,719 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Rocket Lab were worth $6,360,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Rocket Lab by 13.6% during the 3rd quarter. Arizona State Retirement System now owns 127,794 shares of the rocket manufacturer’s stock valued at $6,123,000 after buying an additional 15,307 shares in the last quarter. Swedbank AB raised its position in Rocket Lab by 8.2% in the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock worth $35,525,000 after purchasing an additional 38,770 shares during the period. Firsthand Capital Management Inc. raised its position in Rocket Lab by 40.0% in the 3rd quarter. Firsthand Capital Management Inc. now owns 70,000 shares of the rocket manufacturer’s stock worth $3,354,000 after purchasing an additional 20,000 shares during the period. Swiss National Bank raised its position in Rocket Lab by 67.7% in the 3rd quarter. Swiss National Bank now owns 1,243,630 shares of the rocket manufacturer’s stock worth $59,582,000 after purchasing an additional 501,830 shares during the period. Finally, Vanguard Group Inc. raised its position in Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after purchasing an additional 5,610,469 shares during the period. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RKLB. Wall Street Zen raised shares of Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Citizens Jmp increased their price objective on shares of Rocket Lab from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Needham & Company LLC increased their price objective on shares of Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. BTIG Research restated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Finally, TD Cowen upped their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Rocket Lab Price Performance

Shares of RKLB stock opened at $148.03 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The company has a market capitalization of $85.67 billion, a P/E ratio of -462.59 and a beta of 2.30. The company’s 50-day simple moving average is $90.65 and its two-hundred day simple moving average is $75.80. Rocket Lab Corporation has a one year low of $25.24 and a one year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $200.35 million for the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS. As a group, equities analysts anticipate that Rocket Lab Corporation will post -0.29 EPS for the current year.

Insider Activity at Rocket Lab

In other news, insider Frank Klein sold 44,482 shares of the 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 $3,095,502.38. Following the transaction, the insider directly owned 1,125,005 shares in the company, valued at approximately $78,289,097.95. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Arjun Kampani sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $145.13, for a total transaction of $10,159,100.00. Following the completion of the transaction, the senior vice president directly owned 376,509 shares of the company’s stock, valued at $54,642,751.17. This trade represents a 15.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 554,800 shares of company stock valued at $60,032,445 over the last 90 days. 8.40% of the stock is currently owned by insiders.

More Rocket Lab News

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

• Positive Sentiment: Rocket Lab announced it passed the System Requirements Review for the Space Development Agency’s Tracking Layer Tranche 3 program, a key step that supports its role in a proposed missile-defense constellation. Rocket Lab Achieves Milestone for Missile Defense Constellation, Passes System Requirements Review for SDA Tracking Layer Tranche 3
• Positive Sentiment: The company recently won a $90 million U.S. Space Force contract to build geostationary satellites, adding to investor confidence that Rocket Lab is expanding its defense footprint and government-contract pipeline.
• Positive Sentiment: Rocket Lab’s defense awards have now surpassed $1.3 billion, a headline that has helped fuel the stock’s recent rerating as investors see more long-term revenue potential from national-security programs.
• Positive Sentiment: Space-sector enthusiasm has broadened after SpaceX’s IPO filing, lifting attention on public peers like Rocket Lab as investors speculate the group could benefit from renewed capital inflows and higher sector valuations.
• Neutral Sentiment: Social-media and analyst commentary remains bullish overall, but some traders are taking profits after the strong run, which may be adding short-term choppiness to the share price.
• Negative Sentiment: Insider trading data shows only sales and no purchases over the past six months, which could weigh on sentiment even though it does not necessarily change the company’s operating outlook.

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.