Harbor Capital Advisors Inc. Takes Position in Rocket Lab Corporation $RKLB

Harbor Capital Advisors Inc. acquired a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 17,991 shares of the rocket manufacturer’s stock, valued at approximately $862,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in Rocket Lab in the third quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Rocket Lab during the 2nd quarter valued at about $36,000. Kilter Group LLC acquired a new position in shares of Rocket Lab in the 2nd quarter valued at approximately $37,000. Finally, ORG Partners LLC increased its stake in Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock worth $38,000 after purchasing an additional 910 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on RKLB shares. KeyCorp raised their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Stifel Nicolaus raised their price objective on shares of Rocket Lab from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Wall Street Zen lowered shares of Rocket Lab from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Robert W. Baird assumed coverage on Rocket Lab in a report on Wednesday, October 15th. They set an “outperform” rating and a $83.00 target price for the company. Finally, Needham & Company LLC boosted their price target on Rocket Lab from $63.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.25.

Rocket Lab Stock Down 8.5%

Rocket Lab stock opened at $70.65 on Friday. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32. Rocket Lab Corporation has a 1-year low of $14.71 and a 1-year high of $79.83. The company has a fifty day simple moving average of $55.35 and a 200 day simple moving average of $48.86. The company has a market cap of $37.74 billion, a P/E ratio of -185.92 and a beta of 2.20.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The company’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) EPS. Research analysts anticipate that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Key Stores Impacting Rocket Lab

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

• Positive Sentiment: Report that Rocket Lab jumped on a possible roughly $1B U.S. Space Development Agency (SDA) deal — this is the primary bullish fundamental catalyst cited for the recent surge; the contract would materially boost backlog if confirmed. Rocket Lab (RKLB) jumps 17.7% on possible billion-$ US SDA deal
• Positive Sentiment: Technical breakout: IBD says Rocket Lab cleared a buy point and satisfied the eight‑week hold rule after the contract news — a bullish technical signal that drew momentum buyers. Rocket Lab Takes Off On Contract Win, Triggers This Rare Bullish Signal
• Neutral Sentiment: An analyst is reworking price targets after RKLB hit record highs — could mean upgrades or refreshed guidance sensitivity, but impact depends on final published target and rationale. Rocket Lab analyst rethinks stock target after hitting record high
• Neutral Sentiment: Reported short‑interest data are anomalous (showing zero in the snapshot), so they don’t provide clear insight into crowd positioning; treat that metric cautiously until clarified by regular reporting sources.
• Negative Sentiment: Sectorwide pullback: Benzinga notes RKLB is cooling off as space-related stocks retrace year‑end gains — this broad weakness is a likely reason for today’s decline even after the positive headlines. Rocket Lab Stock Cools Off As Sector Pulls Back From Year‑End Rally
• Negative Sentiment: Insider selling: Director Nina Armagno sold ~27,314 shares in mid‑December — a sizable sale that may add to short‑term selling pressure or feed cautious sentiment among some investors. Nina Armagno Sells 27,314 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Insider Activity

In other Rocket Lab news, insider Frank Klein sold 41,782 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $40.65, for a total value of $1,698,438.30. Following the completion of the transaction, the insider directly owned 1,274,223 shares in the company, valued at $51,797,164.95. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Beck sold 1,560,254 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $57.47, for a total value of $89,667,797.38. Following the transaction, the chief executive officer directly owned 939,746 shares in the company, valued at $54,007,202.62. This trade represents a 62.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,729,485 shares of company stock valued at $151,832,870. Corporate insiders own 11.90% of the company’s stock.

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.