Bedell Frazier Investment Counselling LLC Takes Position in Rocket Lab Corporation $RKLB

Bedell Frazier Investment Counselling LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,840 shares of the rocket manufacturer’s stock, valued at approximately $209,000.

Other hedge funds have also recently bought and sold shares of the company. Spectrum Wealth Counsel LLC increased 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 during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Rocket Lab during the second quarter worth $36,000. ORG Partners LLC raised its position in Rocket Lab by 491.9% during the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock worth $38,000 after acquiring an additional 910 shares in the last quarter. Golden State Wealth Management LLC raised its position in Rocket Lab by 3,250.0% during the second quarter. Golden State Wealth Management LLC now owns 1,340 shares of the rocket manufacturer’s stock worth $48,000 after acquiring an additional 1,300 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after acquiring an additional 405 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on RKLB shares. Roth Capital restated a “buy” rating and set a $75.00 price objective on shares of Rocket Lab in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a report on Wednesday, October 8th. Morgan Stanley dropped their price objective on 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. Wall Street Zen raised Rocket Lab from a “strong sell” rating to a “hold” rating in a report on Saturday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $75.00 price target (up previously from $65.00) on shares of Rocket Lab in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.33.

Insiders Place Their Bets

In related news, CEO Peter Beck sold 1,436,442 shares of the firm’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 transaction, the chief executive officer directly owned 2,500,000 shares of the company’s stock, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank Klein sold 45,535 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $2,229,848.95. Following the completion of the sale, the insider directly owned 1,320,291 shares of the company’s stock, valued at $64,654,650.27. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 in the last three months. Insiders own 11.90% of the company’s stock.

Rocket Lab Price Performance

Rocket Lab stock opened at $43.31 on Tuesday. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of -113.97 and a beta of 2.16. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. Rocket Lab Corporation has a 12 month low of $14.71 and a 12 month high of $73.97. The stock’s 50 day moving average is $55.82 and its 200-day moving average is $43.19.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business 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 quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. Rocket Lab has set its Q4 2025 guidance at EPS. Equities research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Rocket Lab Company 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.