California State Teachers Retirement System Buys 95,443,970 Shares of Rocket Lab Corporation $RKLB

California State Teachers Retirement System boosted its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 12,984.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 96,179,045 shares of the rocket manufacturer’s stock after buying an additional 95,443,970 shares during the quarter. California State Teachers Retirement System owned 0.16% of Rocket Lab worth $9,776,600,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. DMC Group LLC lifted its position in shares of Rocket Lab by 5.0% during the 2nd quarter. DMC Group LLC now owns 3,553 shares of the rocket manufacturer’s stock valued at $361,000 after buying an additional 170 shares in the last quarter. Alan B Lancz & Associates Inc. purchased a new stake in Rocket Lab in the 2nd quarter worth approximately $264,000. Ameritas Advisory Services LLC bought a new stake in Rocket Lab during the 2nd quarter worth approximately $297,000. Wedmont Private Capital raised its stake in Rocket Lab by 14.9% during the 2nd quarter. Wedmont Private Capital now owns 4,487 shares of the rocket manufacturer’s stock worth $456,000 after acquiring an additional 582 shares during the period. Finally, Kintra Wealth LLC purchased a new position in Rocket Lab during the second quarter valued at approximately $417,000. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Performance

RKLB opened at $65.87 on Wednesday. The stock has a market capitalization of $39.41 billion, a price-to-earnings ratio of -243.95 and a beta of 2.60. The company has a fifty day moving average of $73.84 and a 200 day moving average of $84.76. Rocket Lab Corporation has a fifty-two week low of $37.57 and a fifty-two week high of $151.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48.

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 the consensus estimate 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 company had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. As a group, sell-side analysts forecast that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

RKLB has been the subject of a number of recent analyst reports. Craig Hallum upped their price target on shares of Rocket Lab from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Piper Sandler assumed coverage on shares of Rocket Lab in a report on Wednesday, July 15th. They issued a “neutral” rating and a $83.00 target price for the company. BTIG Research reiterated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Bank of America decreased their price target on Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 31st. Finally, Citigroup restated a “market outperform” rating on shares of Rocket Lab in a research report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.83.

Insider Transactions at Rocket Lab

In related news, SVP Arjun Kampani sold 6,034 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the completion of the transaction, the senior vice president directly owned 250,917 shares of the company’s stock, valued at approximately $16,723,618.05. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Adam C. Spice sold 140,157 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total value of $8,778,032.91. Following the transaction, the chief financial officer owned 1,155,967 shares of the company’s stock, valued at $72,398,213.21. This represents a 10.81% 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. In the last ninety days, insiders sold 3,624,371 shares of company stock valued at $312,944,881. 8.40% of the stock is owned by insiders.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab released its IMM Apex space solar cell, which offers 31.5% beginning-of-life efficiency, 40% lower mass and eliminates the need for germanium substrates. The product is designed as a drop-in replacement for existing cells, potentially reducing customer retooling costs while addressing critical-mineral supply constraints. Rocket Lab says it can manufacture the cells in multi-100-kilowatt volumes, supporting growth in satellite demand. Rocket Lab IMM Apex solar-cell release
• Positive Sentiment: Rocket Lab benefited from a broader rally in space stocks after Pivotal Research began coverage of SpaceX with a $220 price target. The move increased investor attention on the sector and helped lift sentiment toward RKLB. Space-stock rally article
• Positive Sentiment: Several reports highlighted bullish analyst views, including price targets materially above recent trading levels. Investors are also watching Rocket Lab’s expanding backlog, military satellite-communications contracts and reported 61.99% year-over-year second-quarter revenue growth. Rocket Lab SDN contracts article
• Neutral Sentiment: Rocket Lab’s Neutron rocket timeline remains a key investor focus, with a potential launch pushed into 2027. The delay gives the company more development time but postpones a major catalyst and increases execution risk. Rocket Lab Neutron timeline article
• Negative Sentiment: Reported insider activity shows numerous open-market sales and no purchases during the past six months, including sales by Chief Executive Peter Beck. That pattern may weigh on sentiment, particularly while RKLB trades at a high valuation and remains unprofitable. Rocket Lab insider-activity article

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.