Leonteq Securities AG Acquires New Shares in Rocket Lab Corporation $RKLB

Leonteq Securities AG acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the fourth quarter, HoldingsChannel reports. The fund acquired 7,105 shares of the rocket manufacturer’s stock, valued at approximately $496,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RKLB. Baillie Gifford & Co. lifted its position in shares of Rocket Lab by 176.1% in the third quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock worth $580,952,000 after buying an additional 7,734,788 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after buying an additional 5,610,469 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Rocket Lab by 818.8% in the third quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock worth $104,929,000 after buying an additional 1,951,755 shares during the last quarter. Amundi lifted its position in shares of Rocket Lab by 308.4% in the third quarter. Amundi now owns 2,301,568 shares of the rocket manufacturer’s stock worth $110,268,000 after buying an additional 1,738,038 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Rocket Lab by 13.6% in the third quarter. State Street Corp now owns 12,399,571 shares of the rocket manufacturer’s stock worth $594,063,000 after buying an additional 1,487,237 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insider Activity

In related news, Director Alexander R. Slusky sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 434,675 shares in the company, valued at $51,326,424. The trade was a 18.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam C. Spice sold 62,744 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $4,366,354.96. Following the transaction, the chief financial officer owned 1,296,824 shares in the company, valued at $90,245,982.16. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 333,449 shares of company stock valued at $28,295,233. Corporate insiders own 8.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on RKLB shares. Roth Mkm boosted their price target on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Citizens Jmp boosted their price target on Rocket Lab from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Needham & Company LLC lifted their price objective on Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, New Street Research began coverage on Rocket Lab in a research note on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $97.19.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab won a $90 million Space Force contract, which expands its satellite business into geostationary orbit and adds a meaningful new source of revenue. Article Title
• Positive Sentiment: The company completed its 9th Electron launch for Synspective, underscoring strong execution and a durable commercial launch partnership. Article Title
• Neutral Sentiment: Broader space-stock momentum and renewed interest ahead of SpaceX’s IPO are also lifting sentiment across the sector, including RKLB. Article Title
• Negative Sentiment: Some investors remain wary after Rocket Lab’s recent announcement of a potential $3 billion share-sale program, which raised dilution concerns earlier in the week. Article Title

Rocket Lab Trading Up 8.2%

Shares of RKLB opened at $135.76 on Friday. Rocket Lab Corporation has a 12-month low of $24.67 and a 12-month high of $139.76. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $78.57 billion, a price-to-earnings ratio of -424.25 and a beta of 2.30. The stock’s 50-day moving average price is $84.84 and its 200 day moving average price is $73.16.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The firm had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 63.4% compared to the same quarter last year. As a group, research analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Rocket Lab Company 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.