Rocket Lab Corporation $RKLB Shares Newly Bought by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 24,145 shares of the rocket manufacturer’s stock, valued at approximately $1,682,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oak Grove Capital LLC grew its stake in shares of Rocket Lab by 16.1% in the 3rd quarter. Oak Grove Capital LLC now owns 3,600 shares of the rocket manufacturer’s stock valued at $251,000 after purchasing an additional 500 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in Rocket Lab by 3.8% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 14,756 shares of the rocket manufacturer’s stock valued at $1,028,000 after buying an additional 537 shares in the last quarter. GK Wealth Management LLC bought a new stake in Rocket Lab in the third quarter valued at $34,000. Balefire LLC grew its position in Rocket Lab by 18.5% in the third quarter. Balefire LLC now owns 3,301 shares of the rocket manufacturer’s stock valued at $230,000 after acquiring an additional 516 shares during the period. Finally, Wedmont Private Capital raised its stake in Rocket Lab by 3.5% during the third quarter. Wedmont Private Capital now owns 4,644 shares of the rocket manufacturer’s stock worth $318,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $130.00 target price on shares of Rocket Lab in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research note on Friday, July 17th. Needham & Company LLC reaffirmed a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Bank of America reduced their price target on shares of Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Rocket Lab in a report on Monday, September 21st. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.71.

Rocket Lab Trading Down 2.3%

RKLB stock traded down $1.49 during trading on Tuesday, hitting $64.22. The company had a trading volume of 15,528,567 shares, compared to its average volume of 22,956,574. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $70.42 and a 200-day moving average price of $84.44. Rocket Lab Corporation has a 12 month low of $37.57 and a 12 month high of $151.00. The stock has a market cap of $38.43 billion, a price-to-earnings ratio of -237.84 and a beta of 2.93.

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

Insider Activity at Rocket Lab

In other news, CFO Adam Spice sold 140,157 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $70.82, for a total transaction of $9,925,918.74. Following the transaction, the chief financial officer owned 1,155,967 shares of the company’s stock, valued at $81,865,582.94. This represents a 10.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Arjun Kampani sold 6,034 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $66.65, for a total value of $402,166.10. Following the transaction, the senior vice president directly owned 250,917 shares in the company, valued at $16,723,618.05. This trade represents a 2.35% 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. Insiders have sold a total of 400,749 shares of company stock valued at $26,964,474 over the last quarter. 8.40% of the stock is currently owned by corporate insiders.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab is increasing its launch cadence, with 18 missions completed and plans for roughly 30% more satellites to reach orbit this year than last year. Its Electron vehicle is also approaching its 100th launch. 18 Launches Down, 9 More to Go for Rocket Lab
• Positive Sentiment: The company’s backlog has reached a record $2.36 billion, while a Japanese satellite customer reportedly signed a contract for 20 additional launches. These developments support longer-term revenue visibility. Cathie Wood Keeps Buying Rocket Lab Stock as It Trades at Less Than Half Its Record
• Positive Sentiment: NASA’s potential multibillion-dollar lunar-base program and heightened U.S.-China space competition could create significant future demand for larger launch vehicles such as Neutron. ARK Invest’s recent purchases and Barclays’ new Overweight coverage also provide supportive signals. RKLB Stock Rises Overnight
• Neutral Sentiment: Analyst views remain mixed: Goldman Sachs has assigned a Hold rating, while TD Cowen lowered its price target to $90 but retained a Buy rating. Investors appear to be waiting for a clearer Neutron development milestone before assigning higher value to the shares. Rocket Lab Receives a Hold from Goldman Sachs
• Negative Sentiment: Rocket Lab’s chief financial officer reportedly sold approximately $9.9 million of company stock. The transaction is adding to investor concerns after the shares’ decline from their 52-week high and may be interpreted as a negative insider signal. Rocket Lab CFO Dumps $9.9 Million in Stock
• Negative Sentiment: Reports cite continuing worries about Neutron delays and Rocket Lab’s demanding valuation. The company remains unprofitable, and investors are increasingly focused on whether the new rocket can launch on schedule and justify its growth expectations. Rocket Lab Missing Neutron Catalyst
• Negative Sentiment: Broader weakness across space stocks is also weighing on RKLB. Investors are reassessing volatile, loss-making space holdings and potential competition from SpaceX, including risks to satellite and direct-to-cell opportunities. AST SpaceMobile Sinks as SpaceX Threat Grows

About Rocket Lab

Rocket Lab USA, Inc is a space and launch company that provides launch services, spacecraft, satellite components and other space systems for commercial, civil and national-security customers. The company designs and manufactures many of its products in-house, supporting missions from initial spacecraft development through launch and on-orbit operations.

Rocket Lab’s primary launch vehicle is Electron, a small-lift rocket designed to place satellites into low Earth orbit. The company also operates the HASTE suborbital test platform for hypersonic and other advanced aerospace technologies and is developing Neutron, a larger reusable rocket intended to serve commercial and government missions.