Rocket Lab Corporation $RKLB Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 94.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,954 shares of the rocket manufacturer's stock after buying an additional 72,523 shares during the quarter. Police & Firemen s Retirement System of New Jersey's holdings in Rocket Lab were worth $5,328,000 as of its most recent filing with the SEC.

• MarketBeat Week in Review – 11/10 - 11/14

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Rocket Lab in the second quarter worth $36,000. ORG Partners LLC increased its position in Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer's stock worth $38,000 after purchasing an additional 910 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Rocket Lab by 3,250.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,340 shares of the rocket manufacturer's stock valued at $48,000 after purchasing an additional 1,300 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Rocket Lab by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer's stock valued at $54,000 after purchasing an additional 405 shares in the last quarter. Finally, Spectrum Wealth Counsel LLC boosted its stake 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. Hedge funds and other institutional investors own 71.78% of the company's stock.

Wall Street Analyst Weigh In

RKLB has been the topic of several recent analyst reports. Baird R W upgraded shares of Rocket Lab to a "strong-buy" rating in a research report on Thursday, October 16th. Craig Hallum began coverage on Rocket Lab in a research note on Monday, July 28th. They issued a "hold" rating and a $51.00 price target on the stock. Cantor Fitzgerald lifted their price target on Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Roth Capital reiterated a "buy" rating and set a $75.00 price objective on shares of Rocket Lab in a report on Tuesday. Finally, Morgan Stanley lowered their target price on shares of Rocket Lab from $68.00 to $67.00 and set an "equal weight" rating for the company in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $57.33.

• Rocket Lab Stock Jumps After Earnings, Despite Neutron Delay

View Our Latest Stock Report on Rocket Lab

Insider Activity at Rocket Lab

In other news, Director Matthew Ocko sold 1,873,097 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total value of $90,283,275.40. Following the completion of the transaction, the director directly owned 541,526 shares in the company, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Arjun Kampani sold 9,416 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total transaction of $449,143.20. Following the sale, the senior vice president directly owned 489,629 shares of the company's stock, valued at approximately $23,355,303.30. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is currently owned by corporate insiders.

Rocket Lab Price Performance

• MarketBeat Week in Review – 10/27 - 10/31

RKLB opened at $45.54 on Friday. Rocket Lab Corporation has a 52-week low of $14.71 and a 52-week high of $73.97. The company has a 50 day moving average of $55.90 and a two-hundred day moving average of $42.75. The company has a market cap of $22.04 billion, a P/E ratio of -119.84 and a beta of 2.16. The company has a quick ratio of 2.33, a current ratio of 3.18 and a debt-to-equity ratio of 0.32.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $155.08 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. On average, analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current 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.

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