Handelsbanken Fonder AB Grows Position in Rocket Lab Corporation $RKLB

Handelsbanken Fonder AB raised its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 33.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,200 shares of the rocket manufacturer’s stock after acquiring an additional 44,700 shares during the period. Handelsbanken Fonder AB’s holdings in Rocket Lab were worth $18,012,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Rocket Lab by 5.1% in the second quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock valued at $208,000 after purchasing an additional 100 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in Rocket Lab by 7.1% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock worth $120,000 after purchasing an additional 124 shares during the last quarter. Sovereign Financial Group Inc. boosted its holdings in Rocket Lab by 3.9% during the first quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock worth $213,000 after purchasing an additional 125 shares during the last quarter. Quadcap Wealth Management LLC grew its position in Rocket Lab by 2.3% in the 4th quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock worth $436,000 after purchasing an additional 140 shares in the last quarter. Finally, Parvin Asset Management LLC grew its position in Rocket Lab by 4.0% in the 1st quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock worth $235,000 after purchasing an additional 140 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Key Rocket Lab News

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

• Positive Sentiment: Rocket Lab reported record second-quarter revenue of approximately $234 million, up 62% year over year and above Wall Street expectations. Its backlog reached $2.36 billion, supported by more than $1 billion in new contracts, while management provided optimistic third-quarter revenue guidance. Rocket Lab reports record Q2 revenue above estimates as loss widens
• Positive Sentiment: Analysts raised their valuation expectations after the results. Cantor Fitzgerald increased its price target to $122 with an overweight rating, while Citizens JMP maintained a market-outperform rating and a $130 target, citing demand across launch services, space systems and applications. Cantor Fitzgerald raises Rocket Lab price target
• Positive Sentiment: ARK Invest purchased about 292,873 RKLB shares valued at roughly $23.4 million following the earnings report. The buying signals continued confidence in Rocket Lab’s long-term space-infrastructure opportunity. Cathie Wood bets on Rocket Lab
• Neutral Sentiment: Rocket Lab is pursuing a planned acquisition of Iridium Communications to expand satellite services and create a more integrated space business. The strategy could broaden recurring revenue, but it also introduces substantial financing and integration risk. Rocket Lab CEO discusses Iridium strategy
• Negative Sentiment: The main pressure on RKLB is uncertainty over Neutron’s first launch. Although the rocket remains targeted for a fourth-quarter move to the launch pad, management indicated that the initial flight could slip into 2027. Neutron is viewed as Rocket Lab’s most important future catalyst, so any delay could postpone revenue expansion and increase development costs. Rocket Lab’s Neutron flight may be delayed
• Negative Sentiment: The quarterly loss was wider than expected, and third-quarter adjusted EBITDA margin guidance of 29%–31% was below consensus. Continued Neutron investment is weighing on profitability, while the stock’s very high valuation leaves limited room for execution disappointments. Rocket Lab’s record quarter still left investors waiting on Neutron

Rocket Lab Price Performance

RKLB opened at $81.17 on Thursday. The firm has a 50-day moving average price of $86.49 and a 200-day moving average price of $85.58. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00. 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 capitalization of $46.98 billion, a price-to-earnings ratio of -300.62 and a beta of 2.60.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 8.09%. The business had revenue of $234.07 million for the quarter, compared to analysts’ expectations of $231.62 million. Equities analysts expect that Rocket Lab Corporation will post -0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on RKLB shares. Roth Capital set a $110.00 target price on shares of Rocket Lab in a research report on Tuesday. TD Cowen increased their price target on Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Piper Sandler assumed coverage on Rocket Lab in a report on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price target on the stock. Needham & Company LLC reissued a “buy” rating on shares of Rocket Lab in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.65.

Insider Activity

In related news, CEO Peter Beck sold 990,960 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $82.86, for a total transaction of $82,110,945.60. Following the sale, the chief executive officer directly owned 1,724,221 shares in the company, valued at approximately $142,868,952.06. The trade was a 36.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alexander R. Slusky sold 40,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total value of $4,944,000.00. Following the sale, the director directly owned 334,675 shares in the company, valued at $41,365,830. This trade represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,749,294 shares of company stock valued at $351,008,208. 8.40% of the stock is currently owned by corporate insiders.

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.