Strs Ohio Acquires New Stake in Rocket Lab Corporation $RKLB

Strs Ohio acquired a new stake in Rocket Lab Corporation (NASDAQ:RKLB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 64,300 shares of the rocket manufacturer’s stock, valued at approximately $1,150,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RKLB. Versant Capital Management Inc grew its position in Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock valued at $28,000 after buying an additional 860 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Rocket Lab during the 1st quarter worth $29,000. Farther Finance Advisors LLC boosted its position in shares of Rocket Lab by 181.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after purchasing an additional 1,226 shares in the last quarter. Spectrum Wealth Counsel LLC boosted its position in shares of Rocket Lab by 100.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock worth $56,000 after purchasing an additional 887 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Merline Saintil sold 6,353 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $33.38, for a total value of $212,063.14. Following the completion of the transaction, the director owned 419,569 shares of the company’s stock, valued at approximately $14,005,213.22. The trade was a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter Beck sold 1,436,442 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares of the company’s stock, valued at $121,875,000. The trade was a 36.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,512,706 shares of company stock valued at $127,857,584 in the last three months. 11.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on RKLB. Craig Hallum began coverage on shares of Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 target price on the stock. Cantor Fitzgerald boosted their target price on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. KeyCorp boosted their target price on shares of Rocket Lab from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Rocket Lab in a research report on Wednesday, September 3rd. Finally, Stifel Nicolaus lifted their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rocket Lab presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.27.

Rocket Lab Stock Performance

Shares of RKLB opened at $48.08 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The stock has a market cap of $23.05 billion, a P/E ratio of -106.84 and a beta of 2.17. The company has a 50-day moving average of $45.90 and a two-hundred day moving average of $31.55. Rocket Lab Corporation has a 12-month low of $7.00 and a 12-month high of $55.17.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

About Rocket Lab

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.