Vontobel Holding Ltd. Reduces Stock Holdings in Rocket Lab Corporation $RKLB

Vontobel Holding Ltd. lowered its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 24.3% in the second quarter, HoldingsChannel.com reports. The firm owned 17,696 shares of the rocket manufacturer’s stock after selling 5,668 shares during the period. Vontobel Holding Ltd.’s holdings in Rocket Lab were worth $633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RKLB. Farther Finance Advisors LLC boosted its stake in shares of Rocket Lab by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after purchasing an additional 1,226 shares during the period. Spectrum Wealth Counsel LLC lifted its stake in Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock worth $36,000 after acquiring an additional 1,000 shares during the last quarter. ORG Partners LLC lifted its position in shares of Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock worth $38,000 after buying an additional 910 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after buying an additional 405 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Rocket Lab by 39.8% during the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock worth $56,000 after buying an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RKLB shares. Citigroup reaffirmed a “buy” rating and issued a $50.00 target price (up from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Craig Hallum began coverage on shares of Rocket Lab in a research note on Monday, July 28th. They issued a “hold” rating and a $51.00 price objective on the stock. Bank of America upped their target price on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. The Goldman Sachs Group began coverage on shares of Rocket Lab in a research report on Monday, June 30th. They set a “neutral” rating and a $27.00 target price for the company. Finally, Morgan Stanley lifted their price objective on shares of Rocket Lab from $20.00 to $68.00 and gave the company an “equal weight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.64.

Insider Activity at Rocket Lab

In related news, Director Matthew Ocko sold 1,873,097 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares of the company’s stock, valued at $26,101,553.20. The trade was a 77.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Arjun Kampani sold 9,416 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total value of $449,143.20. Following the sale, the senior vice president directly owned 489,629 shares in the company, valued at approximately $23,355,303.30. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. Company insiders own 11.90% of the company’s stock.

Rocket Lab Stock Performance

Shares of NASDAQ RKLB opened at $65.42 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $31.66 billion, a P/E ratio of -145.38 and a beta of 2.14. Rocket Lab Corporation has a 52-week low of $9.48 and a 52-week high of $73.50. The firm’s 50-day moving average price is $48.83 and its two-hundred day moving average price is $36.16.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm had revenue of $144.50 million for the quarter, compared to the consensus estimate of $135.42 million. During the same quarter in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Rocket Lab Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.