Royal Bank of Canada Has $140.36 Million Holdings in Rocket Lab Corporation $RKLB

Royal Bank of Canada decreased its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,185,643 shares of the rocket manufacturer’s stock after selling 261,805 shares during the period. Royal Bank of Canada’s holdings in Rocket Lab were worth $140,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mcguire Capital Advisors Inc. acquired a new position in shares of Rocket Lab during the 4th quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Rocket Lab during the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in 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 during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Rocket Lab during the fourth quarter worth $29,000. Finally, Reflection Asset Management acquired a new position in shares of Rocket Lab in the fourth quarter valued at $30,000. Institutional investors own 71.78% of the company’s stock.

Rocket Lab News Roundup

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

• Positive Sentiment: New iQPS contract: Rocket Lab secured an agreement with Japan’s iQPS for three dedicated Electron launches to deploy synthetic-aperture radar satellites. It is iQPS’s third multi-launch Electron booking in less than a year, strengthening Rocket Lab’s launch backlog and supporting demand for its small-launch services. Rocket Lab Secures Multi-Launch Deal with iQPS for Three Dedicated Missions
• Positive Sentiment: Government and long-term growth catalysts: Investor attention is also focused on Rocket Lab’s record $266 million U.S. Space Force award for at least 12 missile-defense test missions, progress toward the Neutron rocket and potential analyst price-target upside. The company’s first-quarter revenue rose 63% year over year to about $200 million, exceeding estimates, indicating strong operating momentum. Should You Buy Rocket Lab Stock After It Just Won Its Largest Launch Contract in History?
• Neutral Sentiment: Oversold rebound: Coverage characterized the recent move as a bounce after a sharp sell-off, with shares near technical support and oversold levels. This may attract short-term traders, but it does not by itself change Rocket Lab’s underlying earnings outlook.
• Negative Sentiment: Profitability and valuation concerns: Rocket Lab remains unprofitable, with a negative net margin near 27%, while substantial spending on Neutron could keep near-term cash burn elevated. Government contract revenue will be recognized over multiple years rather than immediately offsetting development costs. Space sector repricing and Rocket Lab fundamentals
• Negative Sentiment: Sector and insider-selling pressure: The repricing of high-growth aerospace stocks, including SpaceX, has reduced investor appetite for loss-making space companies. Separately, reported open-market insider activity showed 106 sales and no purchases over six months, including significant sales by executives, which may weigh on sentiment.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Rocket Lab in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Citizens Jmp upped their price target on shares of Rocket Lab from $95.00 to $130.00 and gave the company a “market outperform” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $96.00 price target on shares of Rocket Lab in a report on Tuesday, June 30th. Finally, Roth Capital raised their price objective on shares of Rocket Lab from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus target price of $110.29.

Rocket Lab Trading Up 10.4%

Shares of RKLB stock opened at $64.68 on Friday. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The stock has a market cap of $37.43 billion, a P/E ratio of -202.13 and a beta of 2.54. The stock has a 50 day simple moving average of $97.13 and a 200 day simple moving average of $86.50. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company’s revenue was up 63.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) EPS. On average, research analysts predict that Rocket Lab Corporation will post -0.26 earnings per share for the current fiscal year.

Insider Activity at Rocket Lab

In related news, insider Frank Klein sold 36,860 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $147.42, for a total transaction of $5,433,901.20. Following the completion of the sale, the insider owned 1,006,987 shares of the company’s stock, valued at $148,450,023.54. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Beck sold 990,960 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $142,868,952.06. This represents a 36.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,849,294 shares of company stock worth $362,816,208 in the last quarter. 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.