Clearbridge Investments LLC boosted its position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 54.9% during the fourth quarter, HoldingsChannel reports. The fund owned 518,904 shares of the rocket manufacturer’s stock after buying an additional 183,841 shares during the quarter. Clearbridge Investments LLC’s holdings in Rocket Lab were worth $36,199,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RKLB. AQR Capital Management LLC raised its stake in Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock valued at $3,117,000 after acquiring an additional 92,849 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Rocket Lab by 1,812.1% during the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after purchasing an additional 34,882 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock worth $282,000 after buying an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after buying an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Rocket Lab by 1.0% in the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after buying an additional 681 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on RKLB. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, May 27th. Citizens Jmp upped their target price on Rocket Lab from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Zacks Research lowered Rocket Lab from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Citigroup reaffirmed an “outperform” rating on shares of Rocket Lab in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $132.00 target price on Rocket Lab in a research note on Thursday, June 4th. Three 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.88.
Rocket Lab News Summary
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab benefited from a space-stock rally as investors positioned for SpaceX’s IPO debut on June 12, with RKLB viewed as a public-market proxy for space-sector exposure. Rocket Lab Stock Climbs As SpaceX IPO Countdown Fuels Space Sector Rally
- Positive Sentiment: Coverage highlighted Rocket Lab’s growing launch cadence and improving mission execution, which supports the bull case that rising satellite demand can drive future revenue growth. Can Rocket Lab’s Growing Launch Cadence Support Future Growth?
- Positive Sentiment: Another report said Rocket Lab is gaining traction as a SpaceX alternative, with analysts lifting targets and institutions still holding a large stake, reinforcing optimism around long-term upside. Rocket Lab (RKLB) Stock Surges as SpaceX Alternative Gains Traction
- Neutral Sentiment: Several articles focused on the stock’s enormous one-year gain and recent pullback, suggesting investors are debating whether the rally has outpaced fundamentals rather than pointing to a specific new catalyst. Is It Too Late To Consider Rocket Lab (RKLB) After A 298% One Year Surge?
- Neutral Sentiment: Rocket Lab was also mentioned in broad space-sector coverage and ETF roundups, indicating continued investor attention rather than a company-specific development. Looking for Exposure to Rocket Lab Stock (RKLB)? Try These Two Space ETFs
- Negative Sentiment: Some commentary warned that RKLB has entered a local bear market after falling from its highs, reflecting concern that the stock may have run too far too fast. Rocket Lab stock has crashed into a local bear market: will RKLB rebound?
- Negative Sentiment: TipRanks flagged caution on RKLB, with AI-based analysis implying valuation risk and a more measured outlook after the stock’s strong year-to-date performance. Rocket Lab Stock Price Forecast — Why AI Analyst Is Cautious on RKLB
- Negative Sentiment: Broader “stocks trade down” coverage and profit-taking reports suggest some traders are locking in gains after the recent surge, adding pressure to the shares. Rocket Lab, Sterling, and Sunrun Stocks Trade Down, What You Need To Know
Insider Activity at Rocket Lab
In related news, insider Frank Klein sold 44,390 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the completion of the transaction, the insider owned 1,043,847 shares in the company, valued at $148,821,266.79. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, insider Marvin Bradford Clevenger sold 15,549 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 $2,216,820.93. Following the completion of the sale, the insider directly owned 477,475 shares in the company, valued at approximately $68,073,610.75. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 485,515 shares of company stock valued at $66,909,882 over the last 90 days. Company insiders own 8.40% of the company’s stock.
Rocket Lab Price Performance
Shares of Rocket Lab stock opened at $108.23 on Wednesday. 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 company has a market cap of $62.64 billion, a PE ratio of -338.22 and a beta of 2.49. The business has a 50 day moving average of $98.92 and a 200 day moving average of $79.90. Rocket Lab Corporation has a 52 week low of $25.24 and a 52 week high of $151.00.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last announced its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The firm’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, equities research analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current year.
About Rocket Lab
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.
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