Westfield Capital Management Co. LP Purchases 154,623 Shares of Rocket Lab Corporation $RKLB

Westfield Capital Management Co. LP boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,592,443 shares of the rocket manufacturer’s stock after acquiring an additional 154,623 shares during the quarter. Rocket Lab makes up approximately 0.8% of Westfield Capital Management Co. LP’s holdings, making the stock its 25th biggest holding. Westfield Capital Management Co. LP’s holdings in Rocket Lab were worth $180,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new stake in Rocket Lab during the 4th quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in Rocket Lab during the 4th quarter valued at $32,000. DecisionPoint Financial LLC raised its holdings in Rocket Lab by 91.1% during the 4th quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer’s stock valued at $33,000 after buying an additional 225 shares during the last quarter. Asset Dedication LLC bought a new stake in Rocket Lab during the 4th quarter valued at $33,000. Finally, Eagle Bay Advisors LLC bought a new stake in Rocket Lab during the 4th quarter valued at $35,000. 71.78% of the stock is currently owned by institutional investors.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: Stifel lifted its price target on Rocket Lab to $132 from $110 and reiterated a Buy rating, signaling stronger growth expectations ahead. Rocket Lab Stock (RKLB) Lands a New Street-High Target as Top Stifel Analyst Sees Stronger Growth Ahead
• Positive Sentiment: Rocket Lab benefited from renewed enthusiasm for space stocks as SpaceX IPO roadshow headlines lifted investor sentiment across the group. Virgin Galactic Surges 14%, Rocket Lab Gains 6% as SpaceX IPO Roadshow Fuels the Space Trade
• Positive Sentiment: Analysts and commentators pointed to Rocket Lab’s strong revenue growth, expanding margins, and large backlog as signs that the business is still executing well. Rocket Lab: Don’t Hold Your Breath On Neutron
• Neutral Sentiment: Several articles focused on Rocket Lab being down from its 52-week high, framing the move as a normal pullback or consolidation rather than a clear change in fundamentals. Rocket Lab Is Down 24% From Its 52-Week High—Pullback or Problem?
• Negative Sentiment: Some coverage warned that Rocket Lab’s rally may be vulnerable to valuation pressure, with Neutron launch execution and reusability still important risks for investors. Rocket Lab Stock Soars 72% in Three Months: Can the Rise Continue?

Analyst Ratings Changes

RKLB has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Roth Mkm upped their price target on shares of Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. Stifel Nicolaus set a $132.00 price objective on shares of Rocket Lab in a research report on Thursday. Finally, Citizens Jmp boosted their price objective on shares of Rocket Lab from $85.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.88.

Rocket Lab Stock Up 4.6%

Shares of Rocket Lab stock opened at $119.95 on Friday. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $96.28 and its two-hundred day simple moving average is $78.47. The company has a market cap of $69.42 billion, a P/E ratio of -374.84 and a beta of 2.49. Rocket Lab Corporation has a 12-month low of $25.24 and a 12-month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting 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 quarterly revenue was up 63.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. Research analysts anticipate that Rocket Lab Corporation will post -0.29 EPS for the current year.

Insider Transactions at Rocket Lab

In other news, insider Frank Klein sold 36,860 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $147.42, for a total value of $5,433,901.20. Following the sale, the insider directly owned 1,006,987 shares of the company’s stock, valued at $148,450,023.54. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Marvin Bradford Clevenger sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $146.67, for a total transaction of $513,345.00. Following the completion of the sale, the insider directly owned 473,975 shares in the company, valued at $69,517,913.25. This represents a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 445,515 shares of company stock worth $61,965,882. 8.40% of the stock is owned by insiders.

Rocket Lab Company Profile

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.