Geode Capital Management LLC Acquires 825,158 Shares of Rocket Lab Corporation $RKLB

Geode Capital Management LLC boosted its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,004,724 shares of the rocket manufacturer’s stock after buying an additional 825,158 shares during the quarter. Geode Capital Management LLC’s holdings in Rocket Lab were worth $626,605,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in Rocket Lab by 13.6% during the third quarter. Arizona State Retirement System now owns 127,794 shares of the rocket manufacturer’s stock valued at $6,123,000 after buying an additional 15,307 shares during the period. Swedbank AB grew its position in Rocket Lab by 8.2% during the fourth quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock valued at $35,525,000 after buying an additional 38,770 shares during the period. Firsthand Capital Management Inc. grew its position in Rocket Lab by 40.0% during the third quarter. Firsthand Capital Management Inc. now owns 70,000 shares of the rocket manufacturer’s stock valued at $3,354,000 after buying an additional 20,000 shares during the period. Swiss National Bank grew its position in Rocket Lab by 67.7% during the third quarter. Swiss National Bank now owns 1,243,630 shares of the rocket manufacturer’s stock valued at $59,582,000 after buying an additional 501,830 shares during the period. Finally, Vanguard Group Inc. grew its position in Rocket Lab by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after buying an additional 5,610,469 shares during the period. 71.78% of the stock is currently owned by institutional investors.

Insider Activity at Rocket Lab

In other news, Director Alexander R. Slusky sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $118.08, for a total value of $11,808,000.00. Following the transaction, the director owned 434,675 shares of the company’s stock, valued at approximately $51,326,424. The trade was a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Adam C. Spice sold 62,744 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $4,366,354.96. Following the completion of the transaction, the chief financial officer directly owned 1,296,824 shares in the company, valued at $90,245,982.16. This trade represents a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 554,800 shares of company stock worth $60,032,445 over the last ninety days. 8.40% of the stock is owned by corporate insiders.

More Rocket Lab News

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

• Positive Sentiment: Rocket Lab continues to benefit from optimism around its defense business, including progress on its SDA missile-defense constellation work and a reported milestone that helped push total defense awards above $1.3 billion. Rocket Lab Hits Key SDA Milestone, Expands Defense Footprint
• Positive Sentiment: The stock is also being lifted by broader enthusiasm for the space sector, with traders speculating that a potential SpaceX IPO could re-rate public space names and keep capital flowing into Rocket Lab. Is Rocket Lab Corporation (RKLB) Among the Best Space Stocks to Buy According to Reddit and Social Media?
• Positive Sentiment: Recent coverage highlighted Rocket Lab’s improving revenue momentum and expanding role as a space-defense contractor, reinforcing the case for continued growth. Rocket Lab (RKLB) Stock Soars as Defense Contracts Surpass $1.3 Billion Milestone
• Neutral Sentiment: Several bullish articles framed Rocket Lab as a key “SpaceX alternative,” but much of that move appears driven by valuation expansion and theme trading rather than a single new operating catalyst. Rocket Lab (RKLB) Stock Price Forecast — Can the 115% Rally Continue?
• Negative Sentiment: Rocket Lab also faced pressure from a broader selloff in space stocks after Blue Origin’s New Glenn rocket exploded during a hotfire test, raising risk-off sentiment across the group. Blue Origin New Glenn Rocket Erupts in Flames During Hotfire Test at Cape Canaveral
• Negative Sentiment: Sentiment was further weighed by multiple insider sales disclosed this week, including transactions by senior executives, even though the sales were tied to 10b5-1 plans and tax withholding on equity awards. Arjun Kampani Insider Trading Activity

Rocket Lab Stock Performance

RKLB opened at $143.48 on Friday. The firm has a market cap of $83.04 billion, a P/E ratio of -448.38 and a beta of 2.30. Rocket Lab Corporation has a 1-year low of $25.24 and a 1-year high of $151.00. The company has a 50 day simple moving average of $92.13 and a two-hundred day simple moving average of $76.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02.

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, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The company’s revenue was up 63.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) earnings per share. Equities analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RKLB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of Rocket Lab in a research report on Monday, April 20th. Needham & Company LLC upped their price target on shares of Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, New Street Research started coverage on shares of Rocket Lab in a research report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.19.

Rocket Lab 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.