IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.55 Million Stock Position in Rocket Lab Corporation $RKLB

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Rocket Lab Corporation (NASDAQ:RKLB) by 57.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 71,351 shares of the rocket manufacturer’s stock after acquiring an additional 26,114 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Rocket Lab were worth $2,552,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. United Capital Management of KS Inc. acquired a new stake in Rocket Lab in the second quarter valued at approximately $8,570,000. Teacher Retirement System of Texas grew its stake in Rocket Lab by 66.6% in the second quarter. Teacher Retirement System of Texas now owns 81,777 shares of the rocket manufacturer’s stock valued at $2,925,000 after acquiring an additional 32,681 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Rocket Lab in the second quarter valued at approximately $27,847,000. Transcend Capital Advisors LLC acquired a new stake in Rocket Lab in the second quarter valued at approximately $290,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Rocket Lab in the second quarter valued at approximately $268,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RKLB shares. Roth Capital restated a “buy” rating on shares of Rocket Lab in a report on Friday, August 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a report on Wednesday, October 8th. Craig Hallum started coverage on Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 target price on the stock. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Stifel Nicolaus raised their target price on Rocket Lab from $34.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rocket Lab presently has a consensus rating of “Moderate Buy” and an average price target of $51.75.

Insiders Place Their Bets

In other Rocket Lab news, insider Frank Klein sold 4,286 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the completion of the sale, the insider directly owned 1,316,005 shares of the company’s stock, valued at $62,799,758.60. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total value of $449,143.20. Following the completion of the transaction, the senior vice president owned 489,629 shares of the company’s stock, valued at approximately $23,355,303.30. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders 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

NASDAQ:RKLB opened at $63.75 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The business has a fifty day simple moving average of $53.61 and a two-hundred day simple moving average of $39.79. Rocket Lab Corporation has a 1 year low of $10.29 and a 1 year high of $73.97. The company has a market capitalization of $30.85 billion, a P/E ratio of -141.67 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $135.42 million. During the same period in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. On average, analysts expect 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.