Stephens Inc. AR Sells 7,552 Shares of Rocket Lab Corporation $RKLB

Stephens Inc. AR trimmed its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 71.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,085 shares of the rocket manufacturer’s stock after selling 7,552 shares during the quarter. Stephens Inc. AR’s holdings in Rocket Lab were worth $215,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RKLB. Baillie Gifford & Co. raised its stake in shares of Rocket Lab by 176.1% in the 3rd quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock valued at $580,952,000 after acquiring an additional 7,734,788 shares in the last quarter. Vanguard Group Inc. grew its holdings in Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after buying an additional 5,610,469 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Rocket Lab by 818.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock valued at $104,929,000 after buying an additional 1,951,755 shares during the last quarter. Amundi grew its holdings in Rocket Lab by 308.4% in the 3rd quarter. Amundi now owns 2,301,568 shares of the rocket manufacturer’s stock valued at $110,268,000 after buying an additional 1,738,038 shares during the last quarter. Finally, State Street Corp grew its holdings in Rocket Lab by 13.6% in the 3rd quarter. State Street Corp now owns 12,399,571 shares of the rocket manufacturer’s stock valued at $594,063,000 after buying an additional 1,487,237 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Insider Activity at Rocket Lab

In other news, SVP Arjun Kampani sold 23,711 shares of Rocket Lab stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $71.95, for a total transaction of $1,706,006.45. Following the sale, the senior vice president owned 397,988 shares of the company’s stock, valued at approximately $28,635,236.60. This trade represents a 5.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander R. Slusky sold 100,000 shares of Rocket Lab stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total value of $11,808,000.00. Following the sale, the director directly owned 434,675 shares in the company, valued at $51,326,424. The trade was a 18.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 333,449 shares of company stock worth $28,295,233 in the last three months. Company insiders own 8.40% of the company’s stock.

Analyst Upgrades and Downgrades

RKLB has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Rocket Lab in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. Roth Mkm raised their target price on Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price (up from $90.00) on shares of Rocket Lab in a report on Monday, April 20th. Finally, Wall Street Zen raised Rocket Lab from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab won a $90 million Space Force contract, which expands its satellite business into geostationary orbit and adds a meaningful new source of revenue. Article Title
• Positive Sentiment: The company completed its 9th Electron launch for Synspective, underscoring strong execution and a durable commercial launch partnership. Article Title
• Neutral Sentiment: Broader space-stock momentum and renewed interest ahead of SpaceX’s IPO are also lifting sentiment across the sector, including RKLB. Article Title
• Negative Sentiment: Some investors remain wary after Rocket Lab’s recent announcement of a potential $3 billion share-sale program, which raised dilution concerns earlier in the week. Article Title

Rocket Lab Price Performance

Shares of NASDAQ:RKLB opened at $135.76 on Friday. Rocket Lab Corporation has a 1-year low of $24.67 and a 1-year high of $139.76. The firm has a market capitalization of $78.57 billion, a PE ratio of -424.25 and a beta of 2.30. The business’s 50 day moving average is $84.84 and its 200-day moving average is $73.16. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same quarter last year, the firm earned ($0.12) EPS. Rocket Lab’s revenue for the quarter was up 63.4% compared to the same quarter last year. Sell-side analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

About Rocket Lab

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.