Lansforsakringar Fondforvaltning AB publ Sells 16,609 Shares of Rocket Lab Corporation $RKLB

Lansforsakringar Fondforvaltning AB publ decreased its position in Rocket Lab Corporation (NASDAQ:RKLB) by 10.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 135,730 shares of the rocket manufacturer’s stock after selling 16,609 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Rocket Lab were worth $8,717,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RKLB. AQR Capital Management LLC lifted its stake in shares of Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock valued at $3,117,000 after purchasing an additional 92,849 shares during the period. NewEdge Advisors LLC grew its stake in Rocket Lab by 1,812.1% during the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after purchasing an additional 34,882 shares during the period. Jones Financial Companies Lllp increased its holdings in Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock worth $282,000 after purchasing an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after purchasing an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Rocket Lab by 1.0% in the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock valued at $1,206,000 after buying an additional 681 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RKLB has been the topic of a number of research analyst reports. Wells Fargo & Company began coverage on Rocket Lab in a report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price target on the stock. New Street Research initiated coverage on shares of Rocket Lab in a research note on Wednesday, May 13th. They set a “buy” rating and a $150.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Rocket Lab in a report on Tuesday. Roth Mkm lifted their price target on shares of Rocket Lab from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citigroup reiterated an “outperform” rating on shares of Rocket Lab in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rocket Lab presently has a consensus rating of “Moderate Buy” and an average price target of $108.24.

Rocket Lab Price Performance

Shares of NASDAQ:RKLB opened at $100.07 on Thursday. Rocket Lab Corporation has a twelve month low of $33.73 and a twelve month high of $151.00. The stock’s 50 day moving average is $108.33 and its 200-day moving average is $85.97. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $57.92 billion, a price-to-earnings ratio of -312.72 and a beta of 2.55.

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

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, insider Frank Klein sold 44,390 shares of Rocket Lab stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the completion of the transaction, the insider owned 1,043,847 shares in the company, valued at approximately $148,821,266.79. The trade was a 4.08% decrease in their position. The transaction was disclosed in a document filed 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, CFO Adam C. Spice sold 62,744 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total value of $8,945,412.08. Following the sale, the chief financial officer directly owned 983,049 shares of the company’s stock, valued at $140,153,295.93. This represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 573,515 shares of company stock valued at $76,412,122 over the last three months. Corporate insiders own 8.40% of the company’s stock.

Key Stories Impacting Rocket Lab

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

• Positive Sentiment: The Iridium acquisition could add recurring satellite communications revenue and valuable L-band spectrum, making Rocket Lab a more diversified, vertically integrated space company. Rocket Lab Defies Gravity With $8B Buyout
• Positive Sentiment: Several analysts turned more constructive after the deal, including price-target increases and buy/overweight ratings, suggesting Wall Street sees strategic value in the transaction. Benzinga analyst updates
• Positive Sentiment: Rocket Lab’s mission software expansion supports the broader thesis that the company is building an integrated space platform beyond launches alone. How Is Rocket Lab Expanding Through Space Mission Software?
• Neutral Sentiment: Articles comparing Rocket Lab with other space names and discussing the broader sector rally show renewed investor interest in space stocks, but they do not add a new company-specific catalyst. Planet Labs Rallies on Renewed Optimism in Space Stocks Following the Rocket Lab-Iridium Partnership
• Negative Sentiment: The stock’s pullback reflects some profit-taking after the acquisition-fueled jump, and investors may still be digesting dilution, financing, and integration risks tied to the $8 billion deal. Rocket Lab Corporation (RKLB) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Rocket Lab also paused a planned satellite launch for Japan’s QPS, which is a minor operational headwind and may have added some short-term pressure. RKLB Stock Slips Overnight: Rocket Lab Stands Down From 92nd Satellite Launch For Japan’s QPS

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.