837,240 Shares in Rocket Lab Corporation $RKLB Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 837,240 shares of the rocket manufacturer’s stock, valued at approximately $85,105,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.14% of Rocket Lab at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RKLB. Versant Capital Management Inc increased its position in shares of Rocket Lab by 5.1% during the second quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock worth $208,000 after acquiring an additional 100 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in Rocket Lab by 7.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock valued at $120,000 after purchasing an additional 124 shares during the last quarter. Sovereign Financial Group Inc. grew its stake in Rocket Lab by 3.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock valued at $213,000 after purchasing an additional 125 shares in the last quarter. Quadcap Wealth Management LLC grew its stake in Rocket Lab by 2.3% during the 4th 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. Finally, Parvin Asset Management LLC increased its holdings in Rocket Lab by 4.0% during 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 during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

More Rocket Lab News

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

• Positive Sentiment: The U.S. Space Force added Rocket Lab to its Space Data Network Consortium and awarded the company $12 million in contracts supporting a secure, high-speed military communications network. The selection expands Rocket Lab’s role in defense and could lead to additional work. Space Force Selects Rocket Lab For Space Data Network Consortium
• Positive Sentiment: Rocket Lab was also onboarded to the Space Force’s $981 million NITE-STAR indefinite-delivery contract for space test and training infrastructure. The ceiling is not guaranteed revenue, since Rocket Lab must compete for task orders, but the program creates a sizable pipeline for its satellite, software and mission-operations businesses. Rocket Lab NITE-STAR Program
• Positive Sentiment: Viasat selected Rocket Lab to build the satellite bus for a maneuverable, anti-jam spacecraft supporting the Space Force’s Protected Tactical SATCOM-Global program. The win reinforces Rocket Lab’s transition from a launch provider into a broader defense and space-systems contractor. Viasat Selects Rocket Lab
• Positive Sentiment: Rocket Lab successfully launched and deployed eight satellites built for MDA Space under a $143 million, 17-satellite Globalstar constellation contract. The milestone demonstrates execution across both satellite manufacturing and launch services. Rocket Lab launches eight Globalstar satellites
• Neutral Sentiment: The company is promoting GHOST, a deployable system intended to support responsive orbital and suborbital missions worldwide. The technology could improve Rocket Lab’s defense-market capabilities, although the reports provide limited detail on revenue or contract commitments. Can GHOST Strengthen Rocket Lab’s Responsive Launch Capabilities?
• Negative Sentiment: Trading pressure reflected weakness across major space stocks, suggesting sector-wide profit-taking rather than a Rocket Lab-specific operational setback.
• Negative Sentiment: Rocket Lab remains unprofitable, with the latest quarterly EPS loss worse than analysts expected despite revenue of approximately $234 million, up 62% year over year. Its roughly $47 billion market capitalization and negative earnings leave the stock vulnerable to valuation-driven pullbacks.
• Negative Sentiment: Reported insider activity shows executives have made numerous open-market sales and no purchases during the past six months. While sales may reflect compensation or diversification, the pattern can weigh on investor sentiment at an elevated share price.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RKLB shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. KGI Securities upgraded shares of Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price target for the company in a research note on Monday, July 27th. Needham & Company LLC reaffirmed a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Craig Hallum increased their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Bank of America boosted their target price on shares of Rocket Lab from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.65.

Rocket Lab Stock Performance

RKLB stock opened at $79.16 on Wednesday. The stock’s 50 day simple moving average is $83.88 and its 200 day simple moving average is $85.42. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00. The firm has a market cap of $47.37 billion, a P/E ratio of -293.17 and a beta of 2.60. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data 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 return on equity of 6.48% and a negative net margin of 21.51%.The business had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. As a group, equities research analysts predict that Rocket Lab Corporation will post -0.25 EPS for the current year.

Insider Buying and Selling at Rocket Lab

In other news, CFO Adam C. Spice sold 62,744 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total transaction of $8,945,412.08. Following the completion of the transaction, the chief financial officer owned 983,049 shares in the company, valued at approximately $140,153,295.93. This represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 88,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $107.98, for a total transaction of $9,502,240.00. Following the completion of the transaction, the senior vice president owned 264,705 shares of the company’s stock, valued at approximately $28,582,845.90. This trade represents a 24.95% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,749,294 shares of company stock valued at $351,008,208. Corporate insiders own 8.40% of the company’s stock.

Rocket Lab 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.