QRG Capital Management Inc. Sells 13,890 Shares of Rocket Lab Corporation $RKLB

QRG Capital Management Inc. lessened its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 39.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,148 shares of the rocket manufacturer’s stock after selling 13,890 shares during the period. QRG Capital Management Inc.’s holdings in Rocket Lab were worth $1,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RKLB. Truist Financial Corp grew its stake in shares of Rocket Lab by 1.9% during the 2nd quarter. Truist Financial Corp now owns 12,352 shares of the rocket manufacturer’s stock valued at $442,000 after acquiring an additional 234 shares during the period. ORG Partners LLC lifted its holdings in Rocket Lab by 22.1% during the third quarter. ORG Partners LLC now owns 1,337 shares of the rocket manufacturer’s stock valued at $64,000 after purchasing an additional 242 shares in the last quarter. Parvin Asset Management LLC lifted its holdings in Rocket Lab by 7.2% during the second quarter. Parvin Asset Management LLC now owns 3,725 shares of the rocket manufacturer’s stock valued at $133,000 after purchasing an additional 250 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after purchasing an additional 405 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Down 7.4%

Shares of RKLB opened at $89.16 on Wednesday. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of -234.63 and a beta of 2.16. Rocket Lab Corporation has a 1 year low of $14.71 and a 1 year high of $99.58. The business’s 50 day simple moving average is $63.18 and its 200-day simple moving average is $55.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. Rocket Lab’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) earnings per share. As a group, equities analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Rocket Lab News Roundup

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

• Positive Sentiment: Morgan Stanley upgraded RKLB to Overweight and raised its price target to a Street‑high $105, citing sector tailwinds, expected Neutron first flight and higher Electron cadence as catalysts that could materially re‑rate the stock. Rocket Lab Gets a Big Upgrade: Will Upside Follow?
• Positive Sentiment: Bank of America raised its price target from $60 to $120 and set a Buy rating, giving formal support to the upside thesis and signaling more upside than many other street targets. Benzinga coverage of BoA price target raise
• Positive Sentiment: Forbes explains the recent surge (roughly +45% over three months) as being driven by ~10% revenue growth and a sharp valuation lift; this underscores that both fundamentals and multiple expansion are behind the move. Why Rocket Lab Stock Jumped 50%?
• Neutral Sentiment: Coverage pieces (Yahoo/MarketBeat) have run valuation checks and note a tight “fair value” gap after the rally—useful context but not new catalyst news. Rocket Lab Valuation Check
• Neutral Sentiment: Analyst model updates (KeyCorp / AmericanBankingNews) provide fresh Q4 estimates—helpful for earnings modeling but not headline-moving on their own. KeyCorp Estimates Rocket Lab’s Q4 Earnings
• Negative Sentiment: MarketBeat and other coverage warn the stock is overbought with stretched momentum indicators and a wide dispersion between current price and consensus analyst targets (average target materially below recent levels), increasing pullback risk for short‑term traders. Rocket Lab Gets a Big Upgrade: Will Upside Follow?

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup restated a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. Morgan Stanley upgraded Rocket Lab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $67.00 to $105.00 in a research report on Friday. Bank of America upped their price objective on Rocket Lab from $60.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen raised Rocket Lab from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Robert W. Baird began coverage on Rocket Lab in a research note on Wednesday, October 15th. They issued an “outperform” rating and a $83.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.92.

Insider Activity

In related news, Director Nina Armagno sold 27,314 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $68.21, for a total value of $1,863,087.94. Following the completion of the transaction, the director owned 108,940 shares of the company’s stock, valued at approximately $7,430,797.40. This trade represents a 20.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank Klein sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $72.95, for a total value of $7,295,000.00. Following the sale, the insider directly owned 1,169,487 shares in the company, valued at $85,314,076.65. The trade was a 7.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,306,150 shares of company stock worth $271,865,732. 11.90% of the stock is owned by insiders.

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.