Raymond James Financial Inc. Raises Position in Rocket Lab Corporation $RKLB

Raymond James Financial Inc. raised its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 166.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601,497 shares of the rocket manufacturer’s stock after purchasing an additional 375,831 shares during the period. Raymond James Financial Inc. owned 0.13% of Rocket Lab worth $10,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RKLB. Versant Capital Management Inc raised its position in Rocket Lab by 118.1% during the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 860 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new stake in Rocket Lab during the first quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its position in Rocket Lab by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after purchasing an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC raised its position in Rocket Lab by 100.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Finally, Quarry LP purchased a new stake in shares of Rocket Lab in the fourth quarter worth approximately $48,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rocket Lab news, Director Matthew Ocko sold 820,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $26.01, for a total transaction of $21,328,200.00. Following the sale, the director owned 1,083,053 shares of the company’s stock, valued at approximately $28,170,208.53. This trade represents a 43.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arjun Kampani sold 5,194 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $155,820.00. Following the completion of the sale, the insider directly owned 530,230 shares of the company’s stock, valued at $15,906,900. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,049,276 shares of company stock worth $27,481,440 over the last quarter. Insiders own 11.90% of the company’s stock.

Rocket Lab Trading Up 1.4%

RKLB opened at $48.60 on Friday. The stock’s fifty day moving average is $42.73 and its two-hundred day moving average is $29.47. The company has a market capitalization of $23.30 billion, a P/E ratio of -108.00 and a beta of 2.17. Rocket Lab Corporation has a 52 week low of $5.74 and a 52 week high of $53.44. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. KeyCorp increased their price target on Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. The Goldman Sachs Group assumed coverage on Rocket Lab in a report on Monday, June 30th. They issued a “neutral” rating and a $27.00 price target on the stock. Cantor Fitzgerald increased their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Roth Capital increased their price target on Rocket Lab from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Rocket Lab currently has a consensus rating of “Moderate Buy” and an average target price of $42.27.

Rocket Lab Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.