UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 14.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,737,451 shares of the rocket manufacturer’s stock after purchasing an additional 352,094 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Rocket Lab were worth $278,262,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. purchased a new stake in Rocket Lab during the fourth quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Rocket Lab in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Rocket Lab in the 4th quarter valued at about $29,000. Finally, Reflection Asset Management acquired a new position in shares of Rocket Lab in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 71.78% of the company’s stock.
Rocket Lab Price Performance
RKLB stock opened at $63.94 on Tuesday. The firm has a market cap of $38.26 billion, a P/E ratio of -236.81 and a beta of 2.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00. The stock has a 50-day simple moving average of $77.07 and a 200-day simple moving average of $84.98.
More Rocket Lab News
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Bank of America lowered its price target modestly to $110 from $115 but maintained a Buy rating, indicating the analyst still sees substantial long-term upside. Rocket Lab Stock Outlook
- Positive Sentiment: Rocket Lab is expanding its role as a vertically integrated space-services provider. Recent developments include a Viasat satellite-bus award, participation in the U.S. Space Force’s NITE-STAR program—which has a contract ceiling of $981 million—and a full-flight Neutron launch contract with Kepler Communications. These awards support the company’s defense and satellite-systems growth prospects. Rocket Lab Defense Role
- Neutral Sentiment: Broader investor interest in space stocks remains elevated after Elon Musk backed a presidential plan to develop America’s next generation of space leaders. The initiative could benefit the sector over time, but its immediate financial impact on RKLB is uncertain. Space Leaders Initiative
- Negative Sentiment: Strong winds delayed Rocket Lab’s Synspective “Owl Around The World” Electron mission, pushing the launch to no earlier than September 1. Launch delays can pressure near-term revenue expectations and investor sentiment. Electron Launch Delay
- Negative Sentiment: Rocket Lab’s stock has flashed a technical “death cross,” reflecting deterioration in momentum after its earlier rally. The reversal has heightened concerns that further selling could occur, even as some high-profile investors continue to view the company’s space exposure favorably. Rocket Lab Death Cross
- Negative Sentiment: Executives disclosed sizable share sales: President Steve Ward sold approximately $1.0 million of stock, while COO Frank Klein sold about $2.4 million. Although the sales represent only a portion of their holdings, insider selling can reinforce concerns about valuation and near-term performance. Rocket Lab President Share Sale Rocket Lab COO Share Sale
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. TD Cowen boosted their price objective on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. KeyCorp reissued an “overweight” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.35.
View Our Latest Analysis on RKLB
Insider Activity at Rocket Lab
In other news, insider Marvin Bradford Clevenger sold 15,051 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $1,048,001.13. Following the completion of the transaction, the insider directly owned 458,924 shares in the company, valued at approximately $31,954,878.12. This represents a 3.18% 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 this link. 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, CAO Agostino Ricupati sold 669 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $46,582.47. Following the sale, the chief accounting officer directly owned 26,863 shares of the company’s stock, valued at approximately $1,870,470.69. The trade was a 2.43% 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. Over the last three months, insiders have sold 3,484,214 shares of company stock valued at $304,166,848. 8.40% of the stock is currently owned by corporate insiders.
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.
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