241,334 Shares in Rocket Lab Corporation $RKLB Bought by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Rocket Lab Corporation (NASDAQ:RKLB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 241,334 shares of the rocket manufacturer’s stock, valued at approximately $16,835,000. Rocket Lab makes up about 0.8% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Rocket Lab by 70.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,765 shares of the rocket manufacturer’s stock worth $2,425,000 after acquiring an additional 14,367 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Rocket Lab by 10.2% in the 4th quarter. Handelsbanken Fonder AB now owns 128,000 shares of the rocket manufacturer’s stock worth $8,929,000 after purchasing an additional 11,800 shares during the period. Csenge Advisory Group acquired a new position in shares of Rocket Lab in the 4th quarter worth approximately $310,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Rocket Lab in the 4th quarter worth approximately $339,000. Finally, North Dakota State Investment Board bought a new stake in shares of Rocket Lab in the 4th quarter valued at $1,016,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

More Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Deutsche Bank raised its price target on Rocket Lab to $120 from $73 and kept a Buy rating after the company’s earnings report, signaling continued confidence in demand trends and growth prospects.
• Positive Sentiment: Multiple articles highlighted strong momentum after Rocket Lab’s record quarterly revenue and raised analyst enthusiasm, with commentary pointing to a “major catalyst ahead” tied to the company’s launch and satellite business.
• Positive Sentiment: Rocket Lab also benefited from broader excitement around the space sector following SpaceX IPO speculation and upcoming Starship-related headlines, which helped lift RKLB earlier in the session.
• Neutral Sentiment: Some trading-focused coverage said a technical signal helped push Rocket Lab shares higher intraday, but the move appeared driven more by momentum trading than a company-specific fundamental update.
• Negative Sentiment: The stock later came under pressure as rising Treasury yields and inflation worries weighed on growth stocks, triggering a rotation out of space and aerospace names.
• Negative Sentiment: Several reports noted that enthusiasm around the expected SpaceX IPO may be cooling the recent space-stock rally, while at least one analyst remains on the sidelines, suggesting some investors view RKLB’s valuation as stretched after its rapid run-up.

Insider Buying and Selling

In other Rocket Lab news, insider Frank Klein sold 36,768 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $71.95, for a total value of $2,645,457.60. Following the transaction, the insider owned 1,088,237 shares in the company, valued at approximately $78,298,652.15. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Merline Saintil sold 18,126 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $75.04, for a total value of $1,360,175.04. Following the completion of the sale, the director directly owned 261,903 shares of the company’s stock, valued at $19,653,201.12. This trade represents a 6.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 333,449 shares of company stock worth $28,295,233 over the last 90 days. 8.40% of the stock is owned by company insiders.

Rocket Lab Stock Down 2.9%

Shares of NASDAQ RKLB opened at $127.31 on Wednesday. The firm has a market cap of $73.68 billion, a PE ratio of -397.84 and a beta of 2.30. Rocket Lab Corporation has a 12-month low of $23.92 and a 12-month high of $138.38. The company’s fifty day simple moving average is $81.18 and its 200 day simple moving average is $71.76. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The business’s revenue was up 63.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Rocket Lab Corporation will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RKLB shares. New Street Research initiated coverage on shares of Rocket Lab in a research note on Wednesday, May 13th. They set a “buy” rating and a $150.00 target price for the company. Roth Mkm upped their price target on shares of Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Bank of America increased their price target on Rocket Lab from $60.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. BTIG Research reissued a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus price target of $97.19.

Rocket Lab Company Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.