Rocket Lab Corporation $RKLB Stock Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 68.2% in the 3rd quarter, Holdings Channel reports. The firm owned 7,357 shares of the rocket manufacturer’s stock after selling 15,748 shares during the quarter. Yousif Capital Management LLC’s holdings in Rocket Lab were worth $513,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RKLB. Versant Capital Management Inc boosted its position in shares of Rocket Lab by 5.1% in the second quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock worth $208,000 after buying an additional 100 shares during the period. Bartlett & CO. Wealth Management LLC grew its stake in shares of Rocket Lab by 7.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock valued at $120,000 after buying an additional 124 shares in the last quarter. Parvin Asset Management LLC grew its stake in shares of Rocket Lab by 4.0% in the first quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock valued at $235,000 after buying an additional 140 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Rocket Lab by 3.5% during the 3rd quarter. Wedmont Private Capital now owns 4,644 shares of the rocket manufacturer’s stock valued at $318,000 after buying an additional 157 shares during the period. Finally, DMC Group LLC raised its holdings in shares of Rocket Lab by 5.0% during the 2nd quarter. DMC Group LLC now owns 3,553 shares of the rocket manufacturer’s stock valued at $361,000 after buying an additional 170 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RKLB. Bank of America reduced their price target on Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. KGI Securities raised shares of Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Monday, July 27th. Barclays assumed coverage on shares of Rocket Lab in a research note on Friday, October 9th. They set an “overweight” rating and a $85.00 price objective on the stock. KeyCorp reduced their target price on shares of Rocket Lab from $135.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Finally, TD Cowen restated a “buy” rating and issued a $90.00 target price on shares of Rocket Lab in a research note on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.05.

More Rocket Lab News

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

• Positive Sentiment: Rocket Lab successfully completed its 99th Electron mission, deploying an Earth-imaging satellite for Japan’s iQPS. The flight reinforces Electron’s launch reliability and operating track record. Mission Success: Rocket Lab Launches 99th Electron Mission
• Positive Sentiment: Recent coverage highlights that Space Systems generates substantially more revenue than launch services, while the Iridium deal could broaden Rocket Lab’s growth opportunity. A record backlog and rising revenue also support the longer-term outlook. Rocket Lab’s Space Systems Division Dwarfs Launch Revenue
• Positive Sentiment: NASA has cited Rocket Lab as a potential launch provider for future commercial space-station missions. That could open another market as the International Space Station approaches retirement, although Neutron is central to the opportunity. Rocket Lab Is Emerging As A Key Launch Option For Commercial Stations
• Neutral Sentiment: Neutron is viewed as a potential catalyst that could materially change Rocket Lab’s growth outlook, but it has not flown yet. One analyst expects its debut in late fiscal Q2 2027 and says the delay does not undermine the investment case. Analyst Sticks to Target Despite Neutron Setback
• Negative Sentiment: Globalstar raised concerns that Rocket Lab’s supplier relationship could give it an incentive to favor Iridium, creating potential commercial and regulatory friction around the deal. Iridium Deal Draws Globalstar Concerns
• Negative Sentiment: Other commentary warns that cash burn, elevated valuation and sensitivity to borrowing costs could keep the stock volatile. A separate investor cautioned that turbulence may continue, while coverage also flagged a planned $7.7 million CFO share sale. Rocket Lab Cash Burn and Earnings Preview

Rocket Lab Stock Up 4.5%

Shares of Rocket Lab stock opened at $54.43 on Wednesday. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00. The company has a market capitalization of $32.57 billion, a PE ratio of -201.59 and a beta of 3.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The business has a 50-day moving average of $63.54 and a 200-day moving average of $79.57.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. The business had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. As a group, equities analysts forecast that Rocket Lab Corporation will post -0.20 EPS for the current fiscal year.

Insider Activity

In other Rocket Lab news, CFO Adam C. Spice sold 140,157 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $52.79, for a total value of $7,398,888.03. Following the transaction, the chief financial officer directly owned 1,155,967 shares of the company’s stock, valued at $61,023,497.93. This represents a 10.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 35,558 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $66.61, for a total value of $2,368,518.38. Following the transaction, the insider owned 925,737 shares of the company’s stock, valued at approximately $61,663,341.57. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 551,832 shares of company stock worth $34,940,037 over the last quarter. Corporate insiders own 8.40% of the company’s stock.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space and defense company that develops and operates launch vehicles, spacecraft, satellite components and related space systems. The company serves government, commercial and scientific customers seeking access to orbit and other space-based capabilities.

Rocket Lab’s launch business is centered on Electron, a small orbital launch vehicle designed to carry satellites and other payloads into low Earth orbit. The company also develops specialized launch and hypersonic test services through programs such as HASTE, while its Neutron vehicle is intended to provide larger payload capacity and support future commercial and government missions.

Through its space systems business, Rocket Lab produces satellite platforms, flight computers, power systems, solar cells, reaction wheels, separation systems, radios and other components used in spacecraft.