AE Wealth Management LLC Sells 2,452 Shares of Rocket Lab Corporation $RKLB

AE Wealth Management LLC lowered its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 23.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,799 shares of the rocket manufacturer’s stock after selling 2,452 shares during the period. AE Wealth Management LLC’s holdings in Rocket Lab were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Rocket Lab in the 2nd quarter valued at approximately $192,918,000. Vanguard Group Inc. raised its holdings in Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock worth $715,728,000 after purchasing an additional 3,833,969 shares during the period. Invesco Ltd. boosted its position in shares of Rocket Lab by 56.1% during the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer’s stock worth $66,840,000 after purchasing an additional 1,343,518 shares in the last quarter. Nuveen LLC acquired a new position in shares of Rocket Lab in the 1st quarter valued at $23,964,000. Finally, Zevenbergen Capital Investments LLC increased its position in shares of Rocket Lab by 538.1% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 1,082,356 shares of the rocket manufacturer’s stock valued at $38,716,000 after buying an additional 912,726 shares in the last quarter. 71.78% of the stock is owned by institutional investors.

Rocket Lab Stock Performance

RKLB opened at $45.54 on Monday. The business’s 50-day simple moving average is $55.90 and its 200 day simple moving average is $43.04. Rocket Lab Corporation has a 52-week low of $14.71 and a 52-week high of $73.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.83 and a current ratio of 3.18. The firm has a market capitalization of $22.04 billion, a PE ratio of -119.84 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In related news, CEO Peter Beck sold 1,436,442 shares of Rocket Lab 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 sale, the chief executive officer owned 2,500,000 shares of the company’s stock, valued at approximately $121,875,000. The trade was a 36.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank Klein sold 45,535 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.97, for a total value of $2,229,848.95. Following the sale, the insider owned 1,320,291 shares of the company’s stock, valued at approximately $64,654,650.27. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,406,361 shares of company stock worth $267,483,973 in the last three months. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird assumed coverage on Rocket Lab in a report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target (up previously from $65.00) on shares of Rocket Lab in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Baird R W raised Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley cut their price target on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.33.

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.