BI Asset Management Fondsmaeglerselskab A S Sells 122,417 Shares of Rocket Lab Corporation $RKLB

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 79.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,259 shares of the rocket manufacturer’s stock after selling 122,417 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Rocket Lab were worth $2,007,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Rocket Lab by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after purchasing an additional 5,610,469 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Rocket Lab by 47.2% in the fourth quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock valued at $1,245,317,000 after buying an additional 5,725,536 shares in the last quarter. Capital World Investors boosted its holdings in shares of Rocket Lab by 12.0% in the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after buying an additional 1,738,623 shares during the period. State Street Corp boosted its holdings in shares of Rocket Lab by 1.0% in the fourth quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock valued at $873,411,000 after buying an additional 120,652 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Rocket Lab by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer’s stock worth $626,605,000 after acquiring an additional 825,158 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Performance

RKLB opened at $95.12 on Wednesday. Rocket Lab Corporation has a 52-week low of $31.78 and a 52-week high of $151.00. The firm has a market capitalization of $55.05 billion, a PE ratio of -297.25 and a beta of 2.49. 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 business’s 50-day simple moving average is $106.79 and its 200 day simple moving average is $84.38.

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

Analyst Ratings Changes

A number of brokerages recently commented on RKLB. Wells Fargo & Company assumed coverage on shares of Rocket Lab in a report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price objective on the stock. KGI Securities assumed coverage on shares of Rocket Lab in a research note on Thursday, June 11th. They issued a “neutral” rating and a $105.00 target price for the company. Stifel Nicolaus set a $132.00 target price on Rocket Lab in a report on Thursday, June 4th. Craig Hallum raised Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Friday, May 8th. Finally, New Street Research assumed coverage on Rocket Lab in a report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.76.

Insider Buying and Selling

In related news, CFO Adam C. Spice sold 62,744 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total value of $8,945,412.08. Following the completion of the transaction, the chief financial officer directly owned 983,049 shares of the company’s stock, valued at approximately $140,153,295.93. This trade represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, Director Alexander R. Slusky sold 40,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the transaction, the director owned 334,675 shares in the company, valued at approximately $41,365,830. The trade was a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 573,515 shares of company stock worth $76,412,122 in the last quarter. 8.40% of the stock is owned by company insiders.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab successfully completed its VICTUS HAZE mission for the U.S. Space Force, launching its Electron rocket and deploying its Pioneer spacecraft in just 16 hours and 42 minutes after notice-to-launch, setting a new global record for rapid space response. Article Title
• Positive Sentiment: The mission highlights Rocket Lab’s end-to-end defense capabilities, including spacecraft design, launch, and on-orbit operations, which could support future government contract wins and strengthen its competitive position in national security space. Article Title
• Neutral Sentiment: Rocket Lab officially joined the Nasdaq-100, which is a milestone that can improve visibility and index-fund ownership, but it also appears to have sparked profit-taking after a strong pre-inclusion rally. Article Title
• Neutral Sentiment: Recent commentary argues Rocket Lab may be positioned for a rebound because its revenue growth remains strong and the stock has pulled back to a key support area near $100. Article Title
• Negative Sentiment: The stock is also being pressured by a broader risk-off move in equities and weakness across space stocks, including sentiment tied to SpaceX’s public debut and sector rotation out of recent winners. Article Title

Rocket Lab Company 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.