Raiffeisen Bank International AG Grows Stock Holdings in Rocket Lab Corporation $RKLB

Raiffeisen Bank International AG lifted its position in Rocket Lab Corporation (NASDAQ:RKLB) by 118.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,172 shares of the rocket manufacturer’s stock after purchasing an additional 44,605 shares during the period. Raiffeisen Bank International AG’s holdings in Rocket Lab were worth $8,054,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Rocket Lab by 114.0% during the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after buying an additional 92,849 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Rocket Lab by 1,812.1% in the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock valued at $658,000 after acquiring an additional 34,882 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after acquiring an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after acquiring an additional 90,758 shares during the period. Finally, Focus Partners Wealth lifted its stake in Rocket Lab by 1.0% in the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after acquiring an additional 681 shares during the period. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 88,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $107.98, for a total value of $9,502,240.00. Following the completion of the sale, the senior vice president directly owned 264,705 shares in the company, valued at $28,582,845.90. This trade represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Klein sold 45,692 shares of Rocket Lab stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $3,181,533.96. Following the completion of the transaction, the insider directly owned 961,295 shares in the company, valued at $66,934,970.85. This represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders have sold 3,484,214 shares of company stock worth $304,166,848. 8.40% of the stock is owned by corporate insiders.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab completed its 94th Electron mission, successfully deploying Synspective’s StriX Earth-imaging satellite. The launch preserved Rocket Lab’s perfect record for Synspective, which has 16 additional Electron missions booked through 2030, supporting visibility for the company’s launch-services revenue. Rocket Lab launches 94th Electron mission
• Positive Sentiment: Berenberg initiated coverage with a Buy rating, arguing that the space industry could approach $1 trillion and that Rocket Lab is positioned to benefit from launch, satellite and national-security demand. Other bullish commentary points to the company’s record backlog, expanding end-to-end platform and Neutron opportunity. Berenberg initiates coverage
• Positive Sentiment: ARK Invest reportedly purchased roughly $32 million of RKLB shares during the selloff, signaling continued conviction from Cathie Wood. The purchase helped offset investor concern over the stock’s recent decline. Cathie Wood buys Rocket Lab shares
• Neutral Sentiment: Rocket Lab continues to attract attention as a major space stock benefiting from SpaceX-related sector enthusiasm, but upcoming earnings will be important for investors assessing revenue growth, losses and progress toward Neutron.
• Negative Sentiment: Blue Origin won NASA’s approximately $700 million Mars communications contract, beating Rocket Lab. The loss highlights intense competition for high-value government work and removes a potentially significant future program. Blue Origin wins NASA Mars contract
• Negative Sentiment: Analysts and commentators remain concerned that Rocket Lab is spending ahead of Neutron, its larger rocket intended to improve long-term economics, while the inaugural launch has not yet occurred. Technical indicators have also flashed bearish signals, and Bank of America lowered its price target to $110.
• Negative Sentiment: Insider filings show extensive selling and no reported insider purchases over the past six months, including substantial sales by executives. Combined with the stock’s still-elevated valuation and recent losses, the activity may reinforce caution despite strong revenue and backlog growth.

Rocket Lab Price Performance

Shares of RKLB stock opened at $63.81 on Friday. The stock’s 50-day moving average is $75.64 and its 200 day moving average is $84.89. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The company has a market cap of $38.18 billion, a P/E ratio of -236.32 and a beta of 2.60.

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

Analysts Set New Price Targets

RKLB has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Rocket Lab in a report on Wednesday, July 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a report on Friday, July 17th. Berenberg Bank started coverage on shares of Rocket Lab in a research report on Wednesday. They issued a “buy” rating and a $83.00 price target for the company. Craig Hallum increased their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, BTIG Research reissued a “hold” rating on shares of Rocket Lab in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.83.

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.