IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Holdings in Rocket Lab Corporation $RKLB

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 57.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,351 shares of the rocket manufacturer’s stock after purchasing an additional 26,114 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Rocket Lab were worth $2,552,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Spectrum Wealth Counsel LLC grew its position in shares of Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. ORG Partners LLC grew 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 buying an additional 910 shares in the last quarter. GAMMA Investing LLC grew its position in Rocket Lab by 36.4% during the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after buying an additional 405 shares in the last quarter. National Bank of Canada FI grew its position in Rocket Lab by 39.8% during the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock worth $56,000 after buying an additional 887 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Rocket Lab during the first quarter worth about $68,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab Stock Down 2.8%

RKLB stock opened at $63.75 on Wednesday. Rocket Lab Corporation has a fifty-two week low of $10.29 and a fifty-two week high of $73.97. The business’s 50 day moving average price is $53.61 and its two-hundred day moving average price is $39.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The company has a market capitalization of $30.85 billion, a price-to-earnings ratio of -141.67 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $135.42 million. During the same quarter last year, the company posted ($0.08) EPS. The firm’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, analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on RKLB. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a research report on Thursday, October 16th. Stifel Nicolaus boosted their target price on Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Craig Hallum began coverage on Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 target price for the company. Cantor Fitzgerald boosted their target price on Rocket Lab from $35.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $50.00 price target (up previously from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.75.

Insider Activity

In other Rocket Lab news, Director Matthew Ocko sold 1,873,097 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was 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 approximately $26,101,553.20. This represents a 77.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam C. Spice sold 874,588 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $48.01, for a total value of $41,988,969.88. Following the transaction, the chief financial officer owned 2,057,889 shares in the company, valued at $98,799,250.89. This trade represents a 29.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,406,361 shares of company stock worth $267,483,973. Company insiders own 11.90% of the company’s stock.

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.