Sanctuary Advisors LLC Takes $8.37 Million Position in Rocket Lab Corporation $RKLB

Sanctuary Advisors LLC purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 82,292 shares of the rocket manufacturer’s stock, valued at approximately $8,365,000.

A number of other institutional investors have also recently bought and sold shares of RKLB. Vanguard Group Inc. grew its stake in shares of Rocket Lab by 13.4% during 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 period. BlackRock Inc. purchased a new position in shares of Rocket Lab in the 2nd quarter worth $4,124,970,000. Capital World Investors raised its position in shares of Rocket Lab by 12.0% in the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock worth $1,130,172,000 after buying an additional 1,738,623 shares during the period. Bank of New York Mellon Corp acquired a new position in Rocket Lab in the second quarter valued at $245,764,000. Finally, State Street Corp boosted its holdings in Rocket Lab by 1.0% in the fourth quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock valued at $873,411,000 after acquiring an additional 120,652 shares during the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on RKLB. KGI Securities upgraded Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price target for the company in a research note on Monday, July 27th. Craig Hallum raised their price objective on Rocket Lab from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 29th. New Street Research assumed coverage on Rocket Lab in a report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price target for the company. Bank of America lifted their price objective on shares of Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $130.00 target price on shares of Rocket Lab in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.65.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab delivered record second-quarter revenue of approximately $234 million and reported a $2.36 billion backlog, providing visibility across its launch and Space Systems businesses. Space Systems is increasingly broadening the company’s growth engine beyond rocket launches. Why I’m Buying Rocket Lab Over SpaceX
• Positive Sentiment: Rocket Lab joined the $981 million NITE-STAR program, potentially expanding its role in space testing, training and mission infrastructure and creating additional government-related opportunities. Can NITE-STAR Expand Rocket Lab’s Space Infrastructure Opportunity?
• Positive Sentiment: Management said a successful Neutron test launch could put Rocket Lab on track for positive adjusted EBITDA as soon as the following quarter. Neutron launches are reportedly commanding more than $50 million before the first flight, suggesting strong customer interest and potentially scarce early capacity. Rocket Lab Stock: One Neutron Launch Could Change Its Entire Financial Picture
• Positive Sentiment: The “Hungry Hippo” test article reportedly withstood forces above projected flight levels and has begun flight-like testing ahead of Neutron’s anticipated fourth-quarter debut, supporting investor optimism about development progress. RKLB Stock Rockets Toward Best Month Since May
• Neutral Sentiment: Analysts and market commentators describe the recent sell-off as potentially fading, but investors remain focused on Neutron’s fourth-quarter debut before assigning the company a higher valuation. Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
• Negative Sentiment: Rocket Lab remains unprofitable, and its latest quarterly EPS missed expectations. Pre-building multiple Neutron vehicles could accelerate commercialization but risks significant stranded capital if the rocket’s design changes or development is delayed. Rocket Lab: The Hidden Risks No One Talks About

Insider Activity at Rocket Lab

In related news, Director Alexander R. Slusky sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $149.40, for a total transaction of $8,964,000.00. Following the completion of the transaction, the director owned 374,675 shares in the company, valued at $55,976,445. The trade was a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank Klein sold 36,860 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $147.42, for a total value of $5,433,901.20. Following the completion of the sale, the insider directly owned 1,006,987 shares in the company, valued at $148,450,023.54. This represents a 3.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,597,943 shares of company stock valued at $329,430,096. 8.40% of the stock is owned by insiders.

Rocket Lab Trading Down 5.9%

NASDAQ RKLB opened at $68.28 on Tuesday. Rocket Lab Corporation has a one year low of $37.57 and a one year high of $151.00. The company has a 50-day simple moving average of $81.04 and a 200-day simple moving average of $85.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The firm has a market capitalization of $40.86 billion, a PE ratio of -252.88 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) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%.The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $231.62 million. On average, equities analysts forecast that Rocket Lab Corporation will post -0.2 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.