Cherry Creek Investment Advisors Inc. Raises Stock Holdings in Rocket Lab Corporation $RKLB

Cherry Creek Investment Advisors Inc. grew its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 61.7% in the 1st quarter, HoldingsChannel reports. The firm owned 18,301 shares of the rocket manufacturer’s stock after acquiring an additional 6,983 shares during the quarter. Cherry Creek Investment Advisors Inc.’s holdings in Rocket Lab were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of RKLB. Vanguard Group Inc. lifted its stake in Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after purchasing an additional 5,610,469 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Rocket Lab by 47.2% during the 4th 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 grew its stake in Rocket Lab by 12.0% during 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 acquiring an additional 1,738,623 shares in the last quarter. State Street Corp grew its position in shares of Rocket Lab by 1.0% during the 4th quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock valued at $873,411,000 after purchasing an additional 120,652 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in 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 buying an additional 825,158 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RKLB. Citizens Jmp boosted their price target on shares of Rocket Lab from $95.00 to $130.00 and gave the stock a “market outperform” rating in a research note on Tuesday, June 30th. Bank of America upped their target price on Rocket Lab from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Rocket Lab in a research report on Tuesday, June 30th. Roth Capital lifted their price target on shares of Rocket Lab from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Citigroup restated an “outperform” rating on shares of Rocket Lab in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.24.

Insider Transactions at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 88,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $107.98, for a total value of $9,502,240.00. Following the completion of the sale, the senior vice president owned 264,705 shares in the company, valued at approximately $28,582,845.90. The trade was a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank Klein sold 36,860 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $147.42, for a total value of $5,433,901.20. Following the sale, the insider directly owned 1,006,987 shares of the company’s stock, valued at approximately $148,450,023.54. This trade represents a 3.53% decrease in their position. 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. In the last ninety days, insiders have sold 3,849,294 shares of company stock valued at $362,816,208. Insiders own 8.40% of the company’s stock.

Rocket Lab Stock Down 1.0%

RKLB opened at $82.55 on Friday. The company has a market cap of $47.78 billion, a P/E ratio of -257.97 and a beta of 2.54. The business’s 50-day moving average price is $109.16 and its 200-day moving average price is $87.28. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. Rocket Lab Corporation has a 12 month low of $37.57 and a 12 month high of $151.00.

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

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab’s successful completion of the U.S. Space Force VICTUS HAZE mission is reinforcing confidence in its launch and spacecraft capabilities. The mission finished ahead of schedule and highlights RKLB’s growing credibility in national security space. Rocket Lab Delivers Mission Success for Space Force: Completes Historic Launch and On-Orbit Satellite Tracking Mission in Record Time
• Positive Sentiment: Wall Street commentary remains constructive, with analysts citing Rocket Lab’s expanding launch-plus-connectivity opportunity, strong backlog, and long-term growth potential. Morgan Stanley reportedly lifted its bull-case target sharply, adding to the bullish narrative around RKLB. Rocket Lab Bull-Case Target Set at $293 by Morgan Stanley
• Positive Sentiment: Several recent articles argue Rocket Lab remains attractive after its strong year-to-date run, suggesting investors still see upside despite the stock’s volatility. Rocket Lab Stock Gained 118% Over the Past Year. Is It Time to Buy?
• Neutral Sentiment: Market chatter around a possible $8 billion Iridium deal is keeping RKLB in focus as a potential space-sector consolidator, but the transaction also raises execution and integration questions. Rocket Lab’s Mega Iridium Deal Kicks off Space Industry Consolidation
• Negative Sentiment: Sentiment is being tempered by a broader pullback in space stocks, with investors questioning whether recent gains in high-beta names like Rocket Lab have run ahead of fundamentals. Rocket Lab Shares Climb as Wall Street Weighs $8 Billion Iridium Deal, $3.6 Billion Bridge Loan
• Negative Sentiment: Large insider sales by CEO Peter Beck remain a near-term overhang, even though the trades were made under a pre-arranged 10b5-1 plan. Investors may view the selling as a cautionary signal at current valuation levels. Rocket Lab (RKLB) Falls Hard — Its CEO May Hold the Answer

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.