Rocket Lab Corporation $RKLB Shares Acquired by National Pension Service

National Pension Service boosted its position in Rocket Lab Corporation (NASDAQ:RKLB) by 38.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 953,796 shares of the rocket manufacturer’s stock after acquiring an additional 262,410 shares during the quarter. National Pension Service owned 0.16% of Rocket Lab worth $96,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after purchasing an additional 92,849 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Rocket Lab by 1,812.1% during the 1st quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after purchasing an additional 34,882 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Rocket Lab by 53.8% during the 1st quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock worth $282,000 after purchasing an additional 5,507 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rocket Lab by 13.3% during the 1st 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 purchasing an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth increased its position in Rocket Lab by 1.0% during the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after purchasing an additional 681 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Adam C. Spice sold 140,157 shares of Rocket Lab stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total transaction of $8,778,032.91. Following the sale, the chief financial officer owned 1,155,967 shares of the company’s stock, valued at $72,398,213.21. The trade was a 10.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Arjun Kampani sold 88,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was 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 $28,582,845.90. This represents a 24.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,624,371 shares of company stock valued at $312,944,881. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RKLB shares. Piper Sandler assumed coverage on shares of Rocket Lab in a research report on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price target on the stock. Stifel Nicolaus set a $132.00 price objective on shares of Rocket Lab in a research report on Thursday, June 4th. Bank of America cut their target price on shares of Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 31st. KeyCorp restated an “overweight” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rocket Lab presently has an average rating of “Moderate Buy” and an average price target of $108.83.

Rocket Lab Stock Performance

Rocket Lab stock opened at $61.96 on Friday. The stock’s 50 day moving average price is $72.33 and its 200 day moving average price is $84.61. The firm has a market capitalization of $37.07 billion, a PE ratio of -229.47 and a beta of 2.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. Rocket Lab Corporation has a one year low of $37.57 and a one year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results 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). The company had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. As a group, sell-side analysts expect that Rocket Lab Corporation will post -0.2 EPS for the current fiscal year.

Key Rocket Lab News

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

• Positive Sentiment: Rocket Lab introduced IMM Apex, a high-efficiency, germanium-free solar cell designed for spacecraft. The technology could reduce reliance on supply-constrained critical minerals while expanding the company’s space-systems business beyond launch services. The announcement triggered renewed investor interest. Rocket Lab stock moves on solar cell announcement
• Positive Sentiment: ARK Invest added approximately $154,000 of Rocket Lab shares, reinforcing the bullish view that the solar-cell launch and the company’s broader space-infrastructure strategy could become meaningful growth catalysts. ARK adds to Rocket Lab stake
• Positive Sentiment: Analysts and fund commentary point to Rocket Lab’s approximately $2.36 billion backlog, strong space-industry demand, record revenue and roughly $2.4 billion in cash as evidence that the company can continue funding expansion and Neutron development. Some bullish commentary describes the stock as undervalued. Backlog strength and space demand lift Rocket Lab
• Neutral Sentiment: Coverage of a potential Rocket Lab-related merger is primarily affecting Iridium’s valuation; deal structure, regulatory approval and RKLB’s share price at closing remain key variables. The reports do not establish a definitive near-term benefit for Rocket Lab shareholders. Iridium merger-arbitrage analysis
• Negative Sentiment: The first Neutron launch date remains uncertain. The next milestone may be delivery of hardware to the launch pad rather than an actual launch, increasing concern that delays could postpone a major revenue and valuation catalyst. Rocket Lab’s next Neutron milestone
• Negative Sentiment: Despite operational progress, Rocket Lab remains unprofitable, recently missed consensus EPS expectations and has declined sharply since its earnings report. Analysts also caution that the backlog does not eliminate execution risk tied to Neutron. Rocket Lab backlog and Neutron risk
• Negative Sentiment: Weakness across publicly traded space stocks, including selling pressure following a large SpaceX insider-share unlock, has created additional sector-wide pressure on RKLB. A reported zero short-interest balance appears inconsistent and should not be treated as a reliable trading signal.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab’s Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.