Corient Private Wealth LLC Raises Stock Position in Rocket Lab Corporation $RKLB

Corient Private Wealth LLC increased its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,037 shares of the rocket manufacturer’s stock after acquiring an additional 11,541 shares during the period. Corient Private Wealth LLC’s holdings in Rocket Lab were worth $16,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RKLB. Aventura Private Wealth LLC bought a new position in Rocket Lab in the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Rocket Lab in the fourth quarter worth $27,000. Zions Bancorporation National Association UT bought a new position in shares of Rocket Lab in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in shares of Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after buying an additional 416 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Rocket Lab in the fourth quarter worth $29,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RKLB. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. TD Cowen raised their price target on Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Clear Str raised Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Citizens Jmp lifted their price target on Rocket Lab from $85.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Finally, Roth Mkm boosted their price objective on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.76.

Insider Buying and Selling at Rocket Lab

In related news, SVP Arjun Kampani sold 88,000 shares of Rocket Lab stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $107.98, for a total value of $9,502,240.00. Following the transaction, the senior vice president owned 264,705 shares in the company, valued at $28,582,845.90. This trade represents a 24.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank Klein sold 44,390 shares of the business’s stock in a transaction 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 directly owned 1,043,847 shares of the company’s stock, valued at $148,821,266.79. This represents a 4.08% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 573,515 shares of company stock worth $76,412,122 in the last quarter. 8.40% of the stock is currently owned by company insiders.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab successfully completed its VICTUS HAZE mission for the U.S. Space Force, launching its Electron rocket and deploying its Pioneer spacecraft in just 16 hours and 42 minutes after notice-to-launch, setting a new global record for rapid space response. Article Title
• Positive Sentiment: The mission highlights Rocket Lab’s end-to-end defense capabilities, including spacecraft design, launch, and on-orbit operations, which could support future government contract wins and strengthen its competitive position in national security space. Article Title
• Neutral Sentiment: Rocket Lab officially joined the Nasdaq-100, which is a milestone that can improve visibility and index-fund ownership, but it also appears to have sparked profit-taking after a strong pre-inclusion rally. Article Title
• Neutral Sentiment: Recent commentary argues Rocket Lab may be positioned for a rebound because its revenue growth remains strong and the stock has pulled back to a key support area near $100. Article Title
• Negative Sentiment: The stock is also being pressured by a broader risk-off move in equities and weakness across space stocks, including sentiment tied to SpaceX’s public debut and sector rotation out of recent winners. Article Title

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $95.12 on Wednesday. The company has a market capitalization of $55.05 billion, a price-to-earnings ratio of -297.25 and a beta of 2.49. The business has a 50 day moving average of $106.79 and a 200 day moving average of $84.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. Rocket Lab Corporation has a 1-year low of $31.78 and a 1-year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The firm 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 business’s revenue was up 63.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. On average, sell-side analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current fiscal year.

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.