Lotus Technology Management LP Takes Position in Rocket Lab Corporation $RKLB

Lotus Technology Management LP bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,421 shares of the rocket manufacturer’s stock, valued at approximately $958,000. Rocket Lab makes up approximately 1.2% of Lotus Technology Management LP’s portfolio, making the stock its 28th largest position.

Several other hedge funds also recently added to or reduced their stakes in RKLB. Versant Capital Management Inc lifted its position in shares of Rocket Lab by 5.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock worth $208,000 after buying an additional 100 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of Rocket Lab by 7.1% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock valued at $120,000 after buying an additional 124 shares during the last quarter. Sovereign Financial Group Inc. grew its position in shares of Rocket Lab by 3.9% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock valued at $213,000 after buying an additional 125 shares during the last quarter. Quadcap Wealth Management LLC raised its stake in Rocket Lab by 2.3% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock worth $436,000 after acquiring an additional 140 shares in the last quarter. Finally, Parvin Asset Management LLC raised its stake in Rocket Lab by 4.0% during the 1st quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock worth $235,000 after acquiring an additional 140 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RKLB has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Roth Capital set a $110.00 target price on Rocket Lab in a research report on Tuesday, August 11th. Bank of America boosted their price objective on Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Citigroup reaffirmed a “market outperform” rating on shares of Rocket Lab in a report on Tuesday, July 28th. Finally, Piper Sandler assumed coverage on shares of Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price target for the company. Three 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and an average price target of $110.65.

Insider Activity

In related news, insider Frank Klein sold 36,860 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $147.42, for a total transaction of $5,433,901.20. Following the completion of the sale, the insider directly owned 1,006,987 shares of the company’s stock, valued at $148,450,023.54. This trade represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Arjun Kampani sold 88,000 shares of Rocket Lab stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the completion of the transaction, the senior vice president owned 264,705 shares in the company, valued at approximately $28,582,845.90. This trade represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,527,943 shares of company stock valued at $319,270,996. 8.40% of the stock is currently owned by company insiders.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab’s Q2 revenue reached approximately $234.1 million, up nearly 62% year over year, while its reported backlog of about $2.36 billion continues to support the long-term growth outlook. Analysts and investors are also watching for stronger guidance ahead of the next earnings report.
• Positive Sentiment: The company continues to benefit from defense and government opportunities, including participation in the $981 million NITE-STAR space infrastructure program and recent contract wins. Government awards recorded over the past year include a $23.4 million VADR task order.
• Positive Sentiment: Testing of Rocket Lab’s “Hungry Hippo” Neutron hardware has progressed to flight-like conditions, reinforcing expectations for a potential fourth-quarter debut. Management has indicated that a successful Neutron test launch could accelerate the path toward positive adjusted EBITDA.
• Positive Sentiment: Several analysts maintain bullish price targets, with a reported median target of $120 and recent targets ranging from $96 to $135, although these targets may not reflect the latest execution risks.
• Neutral Sentiment: Institutional positioning is mixed: 787 funds reportedly increased holdings in the latest quarter, while 361 reduced positions. The supplied short-interest entry shows zero shares and a zero-day days-to-cover ratio, which appears to be a data anomaly rather than a meaningful change in investor positioning.
• Negative Sentiment: A new bearish analysis argues that Neutron may be delayed again. Because the vehicle is viewed as Rocket Lab’s most important near-term catalyst, any schedule slippage could postpone launch revenue, increase development costs, and weigh on the stock. Rocket Lab: Neutron May Yet Again Be Delayed
• Negative Sentiment: RKLB remains below key moving averages after a sharp pullback, with failed breakouts and resistance levels contributing to cautious technical sentiment. Options commentary is highlighting a bearish put-spread strategy.
• Negative Sentiment: Insider trading has been heavily weighted toward selling: company insiders reportedly made 106 open-market sales and no purchases during the past six months. CEO Peter Beck alone sold more than 3.2 million shares, potentially adding pressure to investor sentiment.

Rocket Lab Stock Down 2.0%

RKLB opened at $66.91 on Wednesday. The business has a 50 day moving average price of $80.29 and a two-hundred day moving average price of $85.16. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The company has a market cap of $40.04 billion, a PE ratio of -247.81 and a beta of 2.60. Rocket Lab Corporation has a 52 week low of $37.57 and a 52 week high of $151.00.

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

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.