Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Has $1.66 Million Holdings in Rocket Lab Corporation $RKLB

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 2,542.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,785 shares of the rocket manufacturer’s stock after acquiring an additional 22,885 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Rocket Lab were worth $1,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RKLB. AQR Capital Management LLC boosted its holdings in shares of Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after acquiring an additional 92,849 shares in the last quarter. NewEdge Advisors LLC raised its position in Rocket Lab by 1,812.1% in the 1st 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 during the last quarter. Jones Financial Companies Lllp raised its position in Rocket Lab by 53.8% in the 1st quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock worth $282,000 after purchasing an additional 5,507 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Rocket Lab by 13.3% in the 1st 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 purchasing an additional 90,758 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Rocket Lab by 1.0% in the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after purchasing an additional 681 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RKLB has been the subject of several research analyst reports. Roth Mkm boosted their price objective on shares of Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Citizens Jmp upped their target price on shares of Rocket Lab from $85.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. BTIG Research reiterated a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. TD Cowen upped their target price on shares of Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $98.88.

Rocket Lab Price Performance

RKLB opened at $110.08 on Friday. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. Rocket Lab Corporation has a 12 month low of $25.24 and a 12 month high of $151.00. The company has a fifty day simple moving average of $97.02 and a 200 day simple moving average of $78.69. The stock has a market cap of $63.71 billion, a P/E ratio of -344.00 and a beta of 2.49.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The firm’s quarterly revenue was up 63.4% on a year-over-year basis. On average, research analysts expect that Rocket Lab Corporation will post -0.29 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Adam C. Spice sold 62,744 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total value of $8,945,412.08. Following the completion of the sale, the chief financial officer owned 983,049 shares in the company, valued at $140,153,295.93. This represents a 6.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, SVP Arjun Kampani sold 23,804 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $147.43, for a total transaction of $3,509,423.72. Following the completion of the transaction, the senior vice president directly owned 352,705 shares of the company’s stock, valued at approximately $51,999,298.15. The trade was a 6.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 485,515 shares of company stock worth $66,909,882 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

Rocket Lab News Roundup

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

• Positive Sentiment: Wall Street sentiment improved after Stifel raised its price target on Rocket Lab to a Street-high $132 from $110 and kept a Buy rating, reinforcing the view that growth can continue. Rocket Lab Stock (RKLB) Lands a New Street-High Target as Top Stifel Analyst Sees Stronger Growth Ahead
• Positive Sentiment: Recent coverage continues to highlight Rocket Lab’s strong operating momentum, including its first-ever $200 million revenue quarter, 63%+ year-over-year revenue growth, expanding gross margin, and a backlog that reached $2.2 billion. Rocket Lab: Don’t Hold Your Breath On Neutron
• Positive Sentiment: The broader space sector is getting a lift from SpaceX IPO excitement, and Rocket Lab is being viewed as a public-market way to play the space race, which has helped sentiment across RKLB and other space stocks. There’s More to Space Stocks Than SpaceX
• Neutral Sentiment: Some analysts and commentators are warning that the stock’s big rally may have outrun fundamentals, pointing to valuation risk and possible volatility if expectations become harder to beat. We’re Holding Rocket Lab Despite 356% Rally
• Negative Sentiment: Bearish pieces argue investors should be cautious ahead of a possible SpaceX IPO “reality check,” with concerns that competition and sky-high expectations could eventually pressure RKLB’s multiple. Rocket Lab: Sell Before The SpaceX IPO Reality Check

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.