Janus Henderson Group PLC Has $12.71 Million Position in Rocket Lab Corporation $RKLB

Janus Henderson Group PLC raised its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 8.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,013 shares of the rocket manufacturer’s stock after acquiring an additional 15,558 shares during the quarter. Janus Henderson Group PLC’s holdings in Rocket Lab were worth $12,715,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of Rocket Lab by 47.2% during the 4th quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock worth $1,245,317,000 after purchasing an additional 5,725,536 shares in the last quarter. Vanguard Group Inc. boosted its position in Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after buying an additional 5,610,469 shares in the last quarter. Norges Bank acquired a new position in Rocket Lab in the fourth quarter valued at about $341,036,000. Alliancebernstein L.P. grew its stake in Rocket Lab by 818.8% during 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. Finally, Capital World Investors increased its holdings in shares of Rocket Lab by 12.0% during the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock worth $1,130,172,000 after buying an additional 1,738,623 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Stock Performance

RKLB stock opened at $74.48 on Wednesday. The company has a 50 day moving average price of $93.04 and a 200 day moving average price of $86.10. 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 debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The stock has a market capitalization of $43.11 billion, a PE ratio of -232.75 and a beta of 2.60.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The business’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. Analysts forecast that Rocket Lab Corporation will post -0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

RKLB has been the subject of a number of research analyst reports. BTIG Research reiterated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Morgan Stanley restated an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. Piper Sandler started coverage on Rocket Lab in a report on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price target for the company. TD Cowen lifted their price objective on Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $96.00 price objective on shares of Rocket Lab in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rocket Lab currently has a consensus rating of “Moderate Buy” and an average target price of $110.29.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab was awarded a $397 million U.S. Space Force contract to develop, launch and operate Flatellite spacecraft for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. The award strengthens Rocket Lab’s defense and satellite-systems business, provides additional revenue visibility and includes an option for more satellites. Rocket Lab awarded $397 million contract
• Positive Sentiment: The contract highlights Rocket Lab’s vertically integrated capabilities across satellite manufacturing, launch services and mission operations. The company plans to use its upcoming Neutron rocket, potentially supporting demand for the vehicle as it develops its medium-lift launch business.
• Positive Sentiment: Investors are also positioning ahead of Rocket Lab’s August 10 earnings release. Recent results showed first-quarter revenue of approximately $200.3 million, up 63% year over year, while analysts’ reported price targets have a median of $120, well above the recent trading level. Rocket Lab earnings expectations
• Neutral Sentiment: Broader space stocks also gained as traders awaited SpaceX’s first earnings report as a public company, creating favorable sector momentum for RKLB. Space stocks rise ahead of SpaceX earnings
• Negative Sentiment: Rocket Lab’s fundamentals remain a risk: the company is unprofitable, and investors continue to debate potential dilution and execution challenges related to the Iridium acquisition and Neutron development. In addition, reported insider activity shows extensive selling with no open-market purchases in the past six months, which may temper enthusiasm.

Insider Buying and Selling at Rocket Lab

In related news, CEO Peter Beck sold 1,298,622 shares of Rocket Lab stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total value of $110,278,980.24. Following the completion of the sale, the chief executive officer directly owned 2,715,181 shares in the company, valued at $230,573,170.52. This trade represents a 32.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $11,808,000.00. Following the sale, the director directly owned 434,675 shares of the company’s stock, valued at $51,326,424. This represents a 18.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,849,294 shares of company stock valued at $362,816,208 over the last ninety days. Company insiders own 8.40% of the company’s stock.

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.