Legal & General Group Plc Boosts Stock Position in Rocket Lab Corporation $RKLB

Legal & General Group Plc grew its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 20.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,043,737 shares of the rocket manufacturer’s stock after acquiring an additional 176,422 shares during the quarter. Legal & General Group Plc’s holdings in Rocket Lab were worth $72,811,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Sara Bay Financial grew its position in shares of Rocket Lab by 0.7% in the fourth quarter. Sara Bay Financial now owns 15,905 shares of the rocket manufacturer’s stock valued at $1,121,000 after purchasing an additional 117 shares in the last quarter. ORG Partners LLC grew its position in shares of Rocket Lab by 9.1% in the fourth quarter. ORG Partners LLC now owns 1,458 shares of the rocket manufacturer’s stock valued at $102,000 after purchasing an additional 121 shares in the last quarter. Traynor Capital Management Inc. grew its position in shares of Rocket Lab by 1.9% in the fourth quarter. Traynor Capital Management Inc. now owns 7,191 shares of the rocket manufacturer’s stock valued at $502,000 after purchasing an additional 133 shares in the last quarter. Capital Advisors Wealth Management LLC grew its position in shares of Rocket Lab by 1.0% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 13,466 shares of the rocket manufacturer’s stock valued at $939,000 after purchasing an additional 136 shares in the last quarter. Finally, Quadcap Wealth Management LLC grew its position in shares of Rocket Lab by 2.3% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock valued at $436,000 after purchasing an additional 140 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rocket Lab

In other news, Director Alexander R. Slusky sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total transaction of $11,808,000.00. Following the completion of the transaction, the director directly owned 434,675 shares in the company, valued at $51,326,424. This trade represents a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank Klein sold 44,482 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $3,095,502.38. Following the transaction, the insider owned 1,125,005 shares of the company’s stock, valued at approximately $78,289,097.95. This represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 554,800 shares of company stock valued at $60,032,445. Corporate insiders own 8.40% of the company’s stock.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab continues to benefit from optimism around its defense business, including progress on its SDA missile-defense constellation work and a reported milestone that helped push total defense awards above $1.3 billion. Rocket Lab Hits Key SDA Milestone, Expands Defense Footprint
• Positive Sentiment: The stock is also being lifted by broader enthusiasm for the space sector, with traders speculating that a potential SpaceX IPO could re-rate public space names and keep capital flowing into Rocket Lab. Is Rocket Lab Corporation (RKLB) Among the Best Space Stocks to Buy According to Reddit and Social Media?
• Positive Sentiment: Recent coverage highlighted Rocket Lab’s improving revenue momentum and expanding role as a space-defense contractor, reinforcing the case for continued growth. Rocket Lab (RKLB) Stock Soars as Defense Contracts Surpass $1.3 Billion Milestone
• Neutral Sentiment: Several bullish articles framed Rocket Lab as a key “SpaceX alternative,” but much of that move appears driven by valuation expansion and theme trading rather than a single new operating catalyst. Rocket Lab (RKLB) Stock Price Forecast — Can the 115% Rally Continue?
• Negative Sentiment: Rocket Lab also faced pressure from a broader selloff in space stocks after Blue Origin’s New Glenn rocket exploded during a hotfire test, raising risk-off sentiment across the group. Blue Origin New Glenn Rocket Erupts in Flames During Hotfire Test at Cape Canaveral
• Negative Sentiment: Sentiment was further weighed by multiple insider sales disclosed this week, including transactions by senior executives, even though the sales were tied to 10b5-1 plans and tax withholding on equity awards. Arjun Kampani Insider Trading Activity

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RKLB shares. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective (up from $90.00) on shares of Rocket Lab in a research report on Monday, April 20th. Needham & Company LLC increased their price objective on Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Wall Street Zen upgraded Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Clear Str upgraded Rocket Lab to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, TD Cowen increased their price objective on Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.19.

Rocket Lab Trading Down 3.1%

Shares of Rocket Lab stock opened at $143.48 on Friday. The firm has a market capitalization of $83.04 billion, a price-to-earnings ratio of -448.38 and a beta of 2.30. Rocket Lab Corporation has a fifty-two week low of $25.24 and a fifty-two week high of $151.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. The stock has a 50 day moving average of $92.13 and a 200 day moving average of $76.27.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 63.4% compared to the same quarter last year. As a group, research analysts predict that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

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.