Harbour Investments Inc. Has $162,000 Position in Rocket Lab Corporation $RKLB

Harbour Investments Inc. lowered its position in Rocket Lab Corporation (NASDAQ:RKLB) by 8.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,528 shares of the rocket manufacturer’s stock after selling 426 shares during the period. Harbour Investments Inc.’s holdings in Rocket Lab were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 buying an additional 3,833,969 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Rocket Lab in the second quarter worth approximately $192,918,000. Invesco Ltd. increased its holdings in Rocket Lab by 56.1% in the first quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer’s stock worth $66,840,000 after buying an additional 1,343,518 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer’s stock worth $46,247,000 after buying an additional 65,255 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock worth $38,057,000 after buying an additional 128,907 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on RKLB. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Rocket Lab in a report on Wednesday, September 3rd. Cantor Fitzgerald increased 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. Robert W. Baird assumed coverage on Rocket Lab in a report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 price target on the stock. Morgan Stanley increased their price target on Rocket Lab from $20.00 to $68.00 and gave the company an “equal weight” rating in a report on Monday, October 13th. Finally, Citigroup reiterated a “buy” rating and set a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.75.

Rocket Lab Trading Down 7.4%

Shares of Rocket Lab stock opened at $60.56 on Thursday. The company’s fifty day simple moving average is $51.92 and its 200-day simple moving average is $38.24. The company has a market cap of $29.31 billion, a price-to-earnings ratio of -134.58 and a beta of 2.14. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 1 year low of $10.29 and a 1 year high of $73.97.

Rocket Lab (NASDAQ:RKLB) last announced 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 return on equity of 48.14% and a negative net margin of 45.87%.The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’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, sell-side analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Buying and Selling

In related news, Director Matthew Ocko sold 1,873,097 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the transaction, the director owned 541,526 shares in the company, valued at $26,101,553.20. This represents a 77.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at approximately $98,799,250.89. This trade represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock worth $267,483,973 in the last three months. Company insiders own 11.90% of the company’s stock.

Rocket Lab 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.