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

Intellectus Partners LLC grew its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 1.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,125 shares of the rocket manufacturer’s stock after buying 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 & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RKLB. Truist Financial Corp lifted 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 acquiring an additional 234 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after purchasing an additional 405 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Rocket Lab by 4.0% in the 1st quarter. Allworth Financial LP now owns 11,888 shares of the rocket manufacturer’s stock valued at $213,000 after purchasing an additional 458 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Rocket Lab by 1.4% during the 1st quarter. Atria Wealth Solutions Inc. now owns 35,085 shares of the rocket manufacturer’s stock valued at $627,000 after purchasing an additional 500 shares during the last quarter. Finally, CWM LLC increased its position in shares of Rocket Lab by 7.0% during the 2nd quarter. CWM LLC now owns 8,491 shares of the rocket manufacturer’s stock valued at $304,000 after purchasing an additional 556 shares during the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Roth Capital restated a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th. Cantor Fitzgerald raised their target price on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Rocket Lab in a research report on Wednesday, September 3rd. Finally, Morgan Stanley boosted their target price on Rocket Lab from $20.00 to $68.00 and gave the company an “equal weight” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.75.

Insider Transactions at Rocket Lab

In other news, insider Frank Klein sold 4,286 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total value of $204,527.92. Following the completion of the sale, the insider owned 1,316,005 shares in the company, valued at approximately $62,799,758.60. The trade was a 0.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the transaction, the chief executive officer owned 2,500,000 shares in the company, valued at approximately $121,875,000. This represents a 36.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 over the last three months. 11.90% of the stock is currently owned by corporate insiders.

Rocket Lab Stock Up 3.4%

Shares of NASDAQ RKLB opened at $62.98 on Monday. Rocket Lab Corporation has a 52-week low of $10.29 and a 52-week high of $73.97. The firm has a market capitalization of $30.48 billion, a price-to-earnings ratio of -139.96 and a beta of 2.16. The stock has a 50 day moving average price of $54.88 and a 200 day moving average price of $40.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) 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 for the quarter, compared to analysts’ expectations of $135.42 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. 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 year.

Rocket Lab 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.