1,689,746 Shares in Rocket Lab Corporation $RKLB Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,689,746 shares of the rocket manufacturer’s stock, valued at approximately $171,763,000. Legal & General Group Plc owned about 0.29% of Rocket Lab as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its holdings in shares of Rocket Lab by 8.2% during the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock worth $35,525,000 after purchasing an additional 38,770 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Rocket Lab by 13.4% in the 4th 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 in the last quarter. BlackRock Inc. acquired a new position in shares of Rocket Lab in the 2nd quarter valued at approximately $4,124,970,000. Katamaran Capital LLP raised its position in shares of Rocket Lab by 86.2% in the 1st quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock valued at $1,272,000 after buying an additional 9,172 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Rocket Lab by 6.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock worth $180,849,000 after acquiring an additional 154,623 shares during the period. Institutional investors own 71.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RKLB shares. Roth Capital set a $110.00 target price on Rocket Lab in a report on Tuesday, August 11th. Needham & Company LLC reissued a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Cantor Fitzgerald upped their price objective on Rocket Lab from $96.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Finally, Wall Street Zen cut Rocket Lab from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus price target of $110.65.

More Rocket Lab News

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

• Positive Sentiment: Defense contract expands Rocket Lab’s backlog. Viasat selected Rocket Lab to build spacecraft buses for the U.S. Space Force’s Protected Tactical SATCOM-Global program. The initial “Swarm 1” award is part of Viasat’s $218.8 million prime contract and reinforces Rocket Lab’s growing role in government space infrastructure. Why Rocket Lab Could Outpace Viasat as Defense Space Spending Accelerates
• Positive Sentiment: Optical communications could broaden revenue opportunities. Rocket Lab’s optical communications terminals are being tested aboard KSAT’s Hyperion satellite, extending the company beyond launch services and into high-bandwidth satellite communications infrastructure. What Does Rocket Lab Gain From Its Optical Communications Role?
• Neutral Sentiment: Analysts remain broadly optimistic, but valuation is demanding. Coverage highlights strong revenue growth, a sizable backlog and multiple price targets well above the current trading level. However, Rocket Lab remains unprofitable, with high-growth expectations already reflected in its valuation. Is It Worth Investing in Rocket Lab Based on Wall Street’s Bullish Views?
• Negative Sentiment: Neutron delays are the main overhang. Reports warn that Rocket Lab’s medium-lift Neutron rocket debut could slip into 2027. A delay would postpone a major expected growth catalyst and prolong development spending, even though the company’s existing launch and space-systems businesses continue to expand. Peter Beck’s Neutron Rocket Could Slip to 2027
• Negative Sentiment: Technical and insider-selling concerns add pressure. The stock’s failed breakouts and position below key moving averages have encouraged bearish options strategies. Recent reports also point to significant open-market insider sales without corresponding purchases, which may weigh on investor confidence. Rocket Lab Stock Bear Put Spread

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $66.18 on Thursday. The stock has a market cap of $39.60 billion, a P/E ratio of -245.10 and a beta of 2.60. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $79.45 and its 200-day moving average is $85.15. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The firm had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. Equities research analysts anticipate that Rocket Lab Corporation will post -0.2 earnings per share for the current year.

Insider Activity

In other news, insider Frank Klein sold 45,692 shares of Rocket Lab stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $3,181,533.96. Following the transaction, the insider owned 961,295 shares in the company, valued at approximately $66,934,970.85. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alexander R. Slusky sold 40,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the completion of the sale, the director directly owned 334,675 shares in the company, valued at approximately $41,365,830. This represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,482,622 shares of company stock valued at $306,340,164. 8.40% of the stock is currently owned by company insiders.

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.