Rocket Lab Corporation $RKLB Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 11.4% during the first quarter, Holdings Channel.com reports. The fund owned 138,524 shares of the rocket manufacturer’s stock after acquiring an additional 14,165 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Rocket Lab were worth $8,752,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RKLB. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Rocket Lab during the 1st quarter valued at $183,000. Clare Market Investments LLC purchased a new stake in shares of Rocket Lab in the first quarter valued at $275,000. Swedbank AB boosted its stake in shares of Rocket Lab by 11.4% during the first quarter. Swedbank AB now owns 567,331 shares of the rocket manufacturer’s stock valued at $36,434,000 after acquiring an additional 58,081 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Rocket Lab during the 1st quarter worth about $164,000. Finally, Stephens Inc. AR raised its stake in Rocket Lab by 226.6% in the 1st quarter. Stephens Inc. AR now owns 10,075 shares of the rocket manufacturer’s stock valued at $647,000 after purchasing an additional 6,990 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. KeyCorp raised shares of Rocket Lab from a “sector weight” rating to an “overweight” rating and set a $135.00 price target on the stock in a research note on Monday, June 15th. Roth Capital raised their target price on shares of Rocket Lab from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. New Street Research started coverage on shares of Rocket Lab in a research note on Wednesday, May 13th. They issued a “buy” rating and a $150.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Wednesday. Finally, Clear Str upgraded Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rocket Lab has an average rating of “Moderate Buy” and an average target price of $108.24.

Insider Buying and Selling

In other news, SVP Arjun Kampani sold 88,000 shares of the business’s 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 sale, the senior vice president directly owned 264,705 shares of the company’s stock, valued at $28,582,845.90. The trade was a 24.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frank Klein sold 44,390 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total value of $6,328,682.30. Following the sale, the insider owned 1,043,847 shares of the company’s stock, valued at approximately $148,821,266.79. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 3,849,294 shares of company stock worth $362,816,208 over the last 90 days. Company insiders own 8.40% of the company’s stock.

Rocket Lab Trading Down 1.8%

Shares of NASDAQ RKLB traded down $1.51 on Friday, reaching $81.04. 14,504,331 shares of the company traded hands, compared to its average volume of 28,038,464. The stock has a market capitalization of $46.90 billion, a PE ratio of -253.25 and a beta of 2.54. Rocket Lab Corporation has a fifty-two week low of $37.57 and a fifty-two week high of $151.00. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $109.24 and a 200 day moving average of $87.24.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Rocket Lab’s revenue was up 63.4% compared to the same quarter last year. On average, equities research analysts forecast that Rocket Lab Corporation will post -0.26 earnings per share for the current fiscal year.

More Rocket Lab News

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

• Positive Sentiment: Rocket Lab continues to attract bullish analyst attention, with Morgan Stanley highlighting the company as a potential “Player 2” in the space race and boosting its bull-case valuation significantly. Analysts argue RKLB is gaining credibility as a capable alternative to SpaceX, supported by launch execution and expansion into satellite connectivity. Article: Why Morgan Stanley thinks Rocket Lab is becoming ‘Player 2’
• Positive Sentiment: Recent commentary also points to operational strength, including a record-fast Space Force mission and a strong revenue trend, reinforcing the view that Rocket Lab is executing well ahead of its next earnings report. Article: Rocket Lab’s Stock Drop Comes With a Bullish Twist
• Neutral Sentiment: Wall Street still broadly rates Rocket Lab as a “Moderate Buy,” suggesting analysts remain constructive on the long-term story even after the stock’s pullback. Article: Rocket Lab Corporation (NASDAQ:RKLB) Given Average Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Heavy insider selling by CEO Peter Beck has weighed on sentiment, with multiple large planned share sales disclosed over the past few days. Even though the sales were made under a 10b5-1 plan, investors often view this as a near-term caution signal. Article: Insider Selling: Rocket Lab (NASDAQ:RKLB) CEO Sells 990,960 Shares of Stock
• Negative Sentiment: The stock is also being hit by a broader selloff in high-beta space names, as some traders question whether the rally had run ahead of fundamentals. Article: Rocket Lab Stock Falls Tuesday: What’s Driving the Weakness?

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.