Rocket Lab Corporation $RKLB Stock Acquired by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lifted its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 20.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,212,160 shares of the rocket manufacturer’s stock after buying an additional 207,157 shares during the period. Rocket Lab makes up 1.9% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 18th biggest position. Zevenbergen Capital Investments LLC’s holdings in Rocket Lab were worth $84,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RKLB. BlackRock Inc. acquired a new stake in Rocket Lab in the 2nd quarter valued at about $4,124,970,000. Bank of New York Mellon Corp acquired a new position in shares of Rocket Lab during the 2nd quarter worth approximately $245,764,000. Bank of America Corp DE acquired a new position in shares of Rocket Lab during the 2nd quarter worth approximately $437,280,000. Legal & General Group Plc purchased a new stake in shares of Rocket Lab in the second quarter valued at approximately $171,763,000. Finally, Tema ETFs LLC increased its holdings in shares of Rocket Lab by 65,542.6% in the second quarter. Tema ETFs LLC now owns 1,622,028 shares of the rocket manufacturer’s stock valued at $164,879,000 after purchasing an additional 1,619,557 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab News Summary

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

• Positive Sentiment: Potential NASA launch contracts: NASA has identified Rocket Lab’s Neutron rocket as a potential provider for bulk launches supporting its planned lunar-base program. Multi-year contracts could provide meaningful future revenue, although Neutron has not yet flown and no award has been finalized. Rocket Lab Fell Hard Over The Last 3 Months: Wall Street Pro Predicts It Doubles From Today
• Positive Sentiment: Iridium acquisition could expand earnings: Rocket Lab canceled its planned $3.6 billion bridge loan and fully funded the transaction through debt and equity financing. Iridium’s approximately $500 million in annual EBITDA could substantially improve Rocket Lab’s earnings profile if the deal closes successfully. Rocket Lab: Iridium Could Explode EBITDA, But A Wildcard Decides If It’s Worth It
• Positive Sentiment: Analysts remain bullish: Recent coverage highlights more than 35% potential upside, while one analyst reiterated a target implying the stock could roughly double. Rocket Lab also has launch contracts extending through 2031, supporting the long-term investment case. 3 Space Stocks with More Than 35% Upside, According to Analysts
• Neutral Sentiment: Sector-wide pressure: Rocket Lab declined alongside other space companies, including Planet Labs and Intuitive Machines, suggesting part of the move reflects profit-taking and risk reduction across the sector rather than a new operational failure at Rocket Lab. AST SpaceMobile Sinks as Satellite Rival Clears Regulatory Hurdle
• Negative Sentiment: Dilution and insider-selling concerns: The Iridium financing may add as many as 72 million shares, while Rocket Lab has disclosed substantial equity issuance and continued insider selling. Those factors can weigh on per-share value and investor confidence.
• Negative Sentiment: Execution and valuation risks: Rocket Lab recently missed quarterly EPS expectations, remains unprofitable, and trades at a highly speculative valuation. Investors are also monitoring regulatory approvals and closing risks for the Iridium transaction, as well as the unflown Neutron rocket.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research report on Friday, July 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Berenberg Bank began coverage on Rocket Lab in a report on Wednesday, September 2nd. They set a “buy” rating and a $83.00 price target on the stock. KeyCorp reissued an “overweight” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered shares of Rocket Lab from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.14.

Insider Buying and Selling at Rocket Lab

In other news, CAO Agostino Ricupati sold 669 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $46,582.47. Following the completion of the transaction, the chief accounting officer directly owned 26,863 shares in the company, valued at approximately $1,870,470.69. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Frank Klein sold 45,692 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $3,181,533.96. Following the sale, the insider directly owned 961,295 shares of the company’s stock, valued at $66,934,970.85. The trade was a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders sold 400,749 shares of company stock worth $26,964,474. Insiders own 8.40% of the company’s stock.

Rocket Lab Trading Down 4.9%

Shares of RKLB stock traded down $3.52 during trading on Thursday, hitting $68.40. 22,944,104 shares of the stock traded hands, compared to its average volume of 23,079,742. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00. The firm has a market capitalization of $40.93 billion, a P/E ratio of -253.32 and a beta of 2.93. The firm’s fifty day moving average price is $70.38 and its 200-day moving average price is $84.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The business had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. As a group, research analysts forecast that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space and launch company that provides launch services, spacecraft, satellite components and other space systems for commercial, civil and national-security customers. The company designs and manufactures many of its products in-house, supporting missions from initial spacecraft development through launch and on-orbit operations.

Rocket Lab’s primary launch vehicle is Electron, a small-lift rocket designed to place satellites into low Earth orbit. The company also operates the HASTE suborbital test platform for hypersonic and other advanced aerospace technologies and is developing Neutron, a larger reusable rocket intended to serve commercial and government missions.