Lakeridge Wealth Management LLC Decreases Stock Position in Rocket Lab Corporation $RKLB

Lakeridge Wealth Management LLC lowered its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 23.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the rocket manufacturer’s stock after selling 3,000 shares during the period. Lakeridge Wealth Management LLC’s holdings in Rocket Lab were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Rocket Lab by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock worth $715,728,000 after buying an additional 3,833,969 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Rocket Lab during the second quarter worth about $192,918,000. Invesco Ltd. lifted its stake in shares of Rocket Lab by 56.1% in the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer’s stock worth $66,840,000 after acquiring an additional 1,343,518 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer’s stock valued at $46,247,000 after purchasing an additional 65,255 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Rocket Lab by 6.4% during the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock valued at $38,057,000 after purchasing an additional 128,907 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares of the company’s stock, valued at approximately $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank Klein sold 4,286 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the transaction, the insider owned 1,316,005 shares of the company’s stock, valued at approximately $62,799,758.60. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is owned by company insiders.

Rocket Lab Trading Up 0.5%

Shares of NASDAQ RKLB opened at $51.90 on Tuesday. Rocket Lab Corporation has a 12-month low of $14.01 and a 12-month high of $73.97. The company has a market cap of $25.12 billion, a price-to-earnings ratio of -115.33 and a beta of 2.16. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $55.70 and its 200 day simple moving average is $42.31.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million for the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. Equities research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Analyst Ratings Changes

RKLB has been the subject of several research analyst reports. Cantor Fitzgerald increased their target price on Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research note on Wednesday, October 8th. Stifel Nicolaus raised their price objective on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird assumed coverage on shares of Rocket Lab in a research note on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 target price on the stock. Finally, Citigroup reiterated a “buy” rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.75.

About Rocket Lab

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.