K.J. Harrison & Partners Inc Buys Shares of 31,150 Rocket Lab Corporation $RKLB

Posted by Brian Himes on Aug 18th, 2026

K.J. Harrison & Partners Inc bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,150 shares of the rocket manufacturer’s stock, valued at approximately $3,166,000.

Several other institutional investors also recently modified their holdings of RKLB. Vanguard Group Inc. boosted its stake 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 acquiring an additional 5,610,469 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Rocket Lab during the 2nd quarter valued at $4,124,970,000. Capital World Investors lifted its stake in shares of Rocket Lab by 12.0% in the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after purchasing an additional 1,738,623 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Rocket Lab in the 2nd quarter valued at $245,764,000. Finally, State Street Corp boosted its position in shares of Rocket Lab by 1.0% in the 4th quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock worth $873,411,000 after purchasing an additional 120,652 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Key Rocket Lab News

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

Positive Sentiment: Viasat satellite-bus contract: Viasat selected Rocket Lab to build the satellite bus for a maneuverable, anti-jam spacecraft supporting the U.S. Space Force’s Protected Tactical SATCOM-Global program. The win strengthens Rocket Lab’s position in national-security satellite infrastructure and was described by Stifel as another successful contract award. Viasat Selects Rocket Lab to Build GEO Satellite for U.S. Space Force’s Protected Tactical SATCOM-Global Program
Positive Sentiment: Access to $981 million Space Force program: Rocket Lab was onboarded to the NITE-STAR IDIQ contract, allowing it to compete for task orders involving space-based systems, ground infrastructure, digital training environments and mission operations. The contract expands its government pipeline, although the $981 million figure is a ceiling rather than guaranteed revenue. Rocket Lab Onboarded to U.S. Space Force’s NITE-STAR Program
Positive Sentiment: Successful Globalstar deployment: Rocket Lab launched and established contact with eight satellite platforms built for MDA Space under a $143 million, 17-satellite contract supporting Globalstar’s direct-to-device and IoT network. The mission demonstrates Rocket Lab’s ability to manufacture, launch and operate satellites as an integrated provider. Rocket Lab Satellite Platforms Successfully Reach Orbit
Neutral Sentiment: Analyst optimism: Coverage points to more than 35% potential upside, with a median analyst price target of $120. However, these projections are estimates and do not remove execution, valuation or launch risks. 2 ETFs to Capture Rocket Lab Stock’s Upside Potential
Negative Sentiment: Insider selling remains a risk: Reported insider activity showed 106 open-market sales and no purchases during the past six months, including substantial selling by CEO Peter Beck and other executives. This may weigh on sentiment, particularly after RKLB’s strong advance.

Rocket Lab Trading Up 2.3%

Shares of NASDAQ RKLB opened at $82.08 on Tuesday. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00. The stock has a market cap of $49.11 billion, a price-to-earnings ratio of -303.99 and a beta of 2.60. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $84.46 and its 200-day moving average is $85.49.

Rocket Lab (NASDAQ:RKLB – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $234.07 million during the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Equities research analysts predict that Rocket Lab Corporation will post -0.25 EPS for the current year.

Insider Transactions at Rocket Lab

In other news, SVP Arjun Kampani sold 88,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the sale, the senior vice president owned 264,705 shares of the company’s stock, valued at $28,582,845.90. This trade represents a 24.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter Beck sold 1,298,622 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $84.92, for a total value of $110,278,980.24. Following the completion of the transaction, the chief executive officer owned 2,715,181 shares of the company’s stock, valued at $230,573,170.52. This represents a 32.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,749,294 shares of company stock valued at $351,008,208. Insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RKLB shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research note on Friday, July 17th. Wall Street Zen lowered Rocket Lab from a “hold” rating to a “sell” rating in a research note on Saturday. Piper Sandler started coverage on Rocket Lab in a report on Wednesday, July 15th. They set a “neutral” rating and a $83.00 target price on the stock. Cantor Fitzgerald boosted their target price on Rocket Lab from $96.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus set a $132.00 price target on Rocket Lab in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and an average price target of $110.65.

Check Out Our Latest Research Report on RKLB

Rocket Lab Company Profile

(Free Report)

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.