HBK Sorce Advisory LLC Buys Shares of 13,976 Rocket Lab Corporation $RKLB

HBK Sorce Advisory LLC purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,976 shares of the rocket manufacturer’s stock, valued at approximately $1,046,000.

Several other institutional investors have also modified their holdings of RKLB. Versant Capital Management Inc grew its position in shares of Rocket Lab by 5.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock valued at $208,000 after purchasing an additional 100 shares during the period. Bartlett & CO. Wealth Management LLC increased its stake in Rocket Lab by 7.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock worth $120,000 after purchasing an additional 124 shares in the last quarter. Sovereign Financial Group Inc. raised its holdings in Rocket Lab by 3.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock worth $213,000 after buying an additional 125 shares during the period. Quadcap Wealth Management LLC grew its holdings in shares of Rocket Lab by 2.3% during the fourth quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock worth $436,000 after buying an additional 140 shares in the last quarter. Finally, Parvin Asset Management LLC raised its position in Rocket Lab by 4.0% in the 1st quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock valued at $235,000 after buying an additional 140 shares during the last quarter. Institutional investors own 71.78% of the company’s stock.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab secured a $397 million Space Force contract to deploy Flatellite low-Earth-orbit systems for airborne threat tracking. The award lifts the company’s reported 2026 U.S. defense contract total to approximately $943 million and strengthens its government and national-security business. Rocket Lab Stock: Slightly Drop as Space Force Awards $397M Deal for Flatellites
• Positive Sentiment: The Space Force also awarded Rocket Lab approximately $12 million for an orbital data network, adding to evidence of growing defense demand for its launch and space-systems capabilities. The company’s HASTE and GHOST offerings may provide additional opportunities in hypersonic testing and defense missions. RKLB Stock Gains Overnight: Rocket Lab Advances Neutron and Wins New Space Force Deal
• Positive Sentiment: Rocket Lab reported record second-quarter revenue of $234.1 million, up 62% year over year, while next-quarter revenue guidance of about $257.5 million reportedly exceeded expectations. Its backlog reached roughly $2.4 billion, supporting the long-term growth outlook. RKLB Q2 Deep Dive: Iridium Acquisition, Neutron Progress, and Margin Pressures Shape Outlook
• Positive Sentiment: KeyBanc, Stifel and other analysts remain constructive, with recent price targets ranging from approximately $115 to $135 and a reported consensus implying substantial upside. How Much Upside Is Left in Rocket Lab Corporation?
• Neutral Sentiment: Regulatory progress on the proposed Iridium acquisition continued after the U.S. antitrust waiting period expired and required filings were submitted. However, Rocket Lab is arranging approximately $3.6 billion of financing, making the transaction’s execution and leverage important investor risks. Rocket Lab Clears a Major Hurdle on the Iridium Acquisition
• Negative Sentiment: Despite the revenue beat, Rocket Lab’s quarterly loss was wider than expected. Investors are also concerned that the highly anticipated first Neutron flight could slip into 2027, delaying a key catalyst and leaving the stock’s premium valuation vulnerable. Rocket Lab’s Highly Anticipated Neutron Flight May Be Delayed
• Negative Sentiment: The company authorized a replacement $1.94 billion at-the-market stock offering to help fund the Iridium transaction and reduce debt needs. Although the total authorization was not increased, future share issuance could dilute existing holders. Insiders have also reported extensive selling with no purchases in the past six months. Rocket Lab Announces Replacement At-the-Market Equity Program

Analyst Ratings Changes

A number of research firms have weighed in on RKLB. New Street Research assumed coverage on Rocket Lab in a research report on Wednesday, May 13th. They set a “buy” rating and a $150.00 price target for the company. Wall Street Zen downgraded shares of Rocket Lab from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen increased their target price on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Stifel Nicolaus set a $132.00 target price on shares of Rocket Lab in a research report on Thursday, June 4th. Finally, KeyCorp reiterated an “overweight” rating on shares of Rocket Lab in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and an average target price of $110.65.

Insider Transactions at Rocket Lab

In other news, insider Frank Klein sold 44,390 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the completion of the sale, the insider owned 1,043,847 shares in the company, valued at $148,821,266.79. The trade was a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alexander R. Slusky sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $149.40, for a total value of $8,964,000.00. Following the completion of the transaction, the director directly owned 374,675 shares in the company, valued at $55,976,445. The trade was a 13.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,749,294 shares of company stock worth $351,008,208. 8.40% of the stock is currently owned by insiders.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $80.25 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The business has a fifty day simple moving average of $85.09 and a two-hundred day simple moving average of $85.52. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00. The company has a market capitalization of $48.02 billion, a price-to-earnings ratio of -297.21 and a beta of 2.60.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Research analysts forecast that Rocket Lab Corporation will post -0.25 EPS 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.