GAMMA Investing LLC Acquires 405 Shares of Rocket Lab Corporation $RKLB

GAMMA Investing LLC boosted its holdings in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 36.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,518 shares of the rocket manufacturer’s stock after purchasing an additional 405 shares during the period. GAMMA Investing LLC’s holdings in Rocket Lab were worth $54,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings 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 in the last quarter. Rhumbline Advisers raised its stake in Rocket Lab by 9.6% during the first quarter. Rhumbline Advisers now owns 525,018 shares of the rocket manufacturer’s stock worth $9,387,000 after acquiring an additional 45,889 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Rocket Lab by 121.7% during the first quarter. SeaCrest Wealth Management LLC now owns 65,614 shares of the rocket manufacturer’s stock worth $1,173,000 after acquiring an additional 36,017 shares in the last quarter. Udine Wealth Management Inc. boosted its stake in shares of Rocket Lab by 21.6% in the 1st quarter. Udine Wealth Management Inc. now owns 64,080 shares of the rocket manufacturer’s stock valued at $1,146,000 after purchasing an additional 11,375 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Rocket Lab by 181.1% in the 1st 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 in the last quarter. Institutional investors own 71.78% of the company’s stock.
Get Rocket Lab alerts:
Rocket Lab Stock Up 7.0%
Shares of Rocket Lab stock opened at $56.16 on Friday. The company has a market capitalization of $27.18 billion, a P/E ratio of -124.80 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The business has a 50-day moving average of $46.61 and a two-hundred day moving average of $34.20. Rocket Lab Corporation has a 1 year low of $8.99 and a 1 year high of $56.94.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Rocket Lab’s revenue for the quarter was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Rocket Lab Corporation will post -0.38 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on RKLB. Bank of America lifted their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Craig Hallum started coverage on shares of Rocket Lab in a research note on Monday, July 28th. They issued a “hold” rating and a $51.00 target price for the company. Cantor Fitzgerald increased their price target on Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Roth Capital reaffirmed a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.27.
View Our Latest Analysis on RKLB
Insider Activity at Rocket Lab
In other news, SVP Arjun Kampani sold 9,416 shares of the 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 completion of the sale, the senior vice president owned 489,629 shares of the company’s stock, valued at $23,355,303.30. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank Klein sold 4,286 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92. Following the completion of the sale, the insider directly owned 1,316,005 shares in the company, valued at $62,799,758.60. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock valued at $267,483,973 over the last three months. Insiders own 11.90% of the company’s stock.
Rocket Lab Company Profile
(Free Report)
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.
Further Reading
Five stocks we like better than Rocket Lab
How Can Investors Benefit From After-Hours Trading
Why the Precious Metal Nobody Talks About Could Be Your Best Bet
What Are the FAANG Stocks and Are They Good Investments?
Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
Want to see what other hedge funds are holding RKLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Lab Corporation (NASDAQ:RKLB – Free Report).