Oddo BHF Asset Management Sas Takes Position in Rocket Lab Corporation $RKLB

Oddo BHF Asset Management Sas acquired a new position in Rocket Lab Corporation (NASDAQ:RKLB) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 57,472 shares of the rocket manufacturer’s stock, valued at approximately $3,691,000.

Other large investors have also modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in Rocket Lab in the 4th quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in Rocket Lab in the 4th quarter worth $28,000. Gordian Capital Singapore Pte Ltd acquired a new position in Rocket Lab during the 4th quarter worth $29,000. Reflection Asset Management acquired a new position in Rocket Lab during the 4th quarter worth $30,000. Finally, Ankerstar Wealth LLC bought a new stake in Rocket Lab during the fourth quarter valued at about $31,000. 71.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on RKLB. Roth Capital raised their price target on Rocket Lab from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, June 29th. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Monday. KeyCorp upgraded Rocket Lab from a “sector weight” rating to an “overweight” rating and set a $135.00 target price for the company in a research note on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a report on Wednesday, July 8th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.29.

Insider Activity

In other news, Director Alexander R. Slusky sold 100,000 shares of Rocket Lab stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total transaction of $11,808,000.00. Following the sale, the director owned 434,675 shares of the company’s stock, valued at approximately $51,326,424. This trade represents a 18.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter Beck sold 1,298,622 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $84.92, for a total value of $110,278,980.24. Following the sale, the chief executive officer owned 2,715,181 shares in the company, valued at approximately $230,573,170.52. This represents a 32.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,849,294 shares of company stock valued at $362,816,208. Corporate insiders own 8.40% of the company’s stock.

Rocket Lab News Summary

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

• Positive Sentiment: New iQPS contract: Rocket Lab secured an agreement with Japan’s iQPS for three dedicated Electron launches to deploy synthetic-aperture radar satellites. It is iQPS’s third multi-launch Electron booking in less than a year, strengthening Rocket Lab’s launch backlog and supporting demand for its small-launch services. Rocket Lab Secures Multi-Launch Deal with iQPS for Three Dedicated Missions
• Positive Sentiment: Government and long-term growth catalysts: Investor attention is also focused on Rocket Lab’s record $266 million U.S. Space Force award for at least 12 missile-defense test missions, progress toward the Neutron rocket and potential analyst price-target upside. The company’s first-quarter revenue rose 63% year over year to about $200 million, exceeding estimates, indicating strong operating momentum. Should You Buy Rocket Lab Stock After It Just Won Its Largest Launch Contract in History?
• Neutral Sentiment: Oversold rebound: Coverage characterized the recent move as a bounce after a sharp sell-off, with shares near technical support and oversold levels. This may attract short-term traders, but it does not by itself change Rocket Lab’s underlying earnings outlook.
• Negative Sentiment: Profitability and valuation concerns: Rocket Lab remains unprofitable, with a negative net margin near 27%, while substantial spending on Neutron could keep near-term cash burn elevated. Government contract revenue will be recognized over multiple years rather than immediately offsetting development costs. Space sector repricing and Rocket Lab fundamentals
• Negative Sentiment: Sector and insider-selling pressure: The repricing of high-growth aerospace stocks, including SpaceX, has reduced investor appetite for loss-making space companies. Separately, reported open-market insider activity showed 106 sales and no purchases over six months, including significant sales by executives, which may weigh on sentiment.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $64.68 on Friday. The company’s fifty day moving average is $97.13 and its two-hundred day moving average is $86.50. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of -202.13 and a beta of 2.54.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 63.4% on a year-over-year basis. Equities research analysts forecast that Rocket Lab Corporation will post -0.26 EPS for the current year.

About Rocket Lab

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.