K.J. Harrison & Partners Inc Sells 35,000 Shares of Rocket Lab Corporation $RKLB

K.J. Harrison & Partners Inc lowered its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 49.2% in the first quarter, HoldingsChannel reports. The firm owned 36,150 shares of the rocket manufacturer’s stock after selling 35,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Rocket Lab were worth $2,322,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RKLB. Swedbank AB increased its holdings in Rocket Lab by 8.2% during the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock valued at $35,525,000 after purchasing an additional 38,770 shares in the last quarter. Firsthand Capital Management Inc. boosted its stake in Rocket Lab by 40.0% in the third quarter. Firsthand Capital Management Inc. now owns 70,000 shares of the rocket manufacturer’s stock worth $3,354,000 after purchasing an additional 20,000 shares in the last quarter. Swiss National Bank boosted its stake in Rocket Lab by 67.7% in the third quarter. Swiss National Bank now owns 1,243,630 shares of the rocket manufacturer’s stock worth $59,582,000 after purchasing an additional 501,830 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Rocket Lab by 13.4% during the fourth 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 during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Rocket Lab by 6.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock valued at $180,849,000 after buying an additional 154,623 shares in the last quarter. 71.78% of the stock is owned by institutional investors.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Multiple analysts reportedly raised price targets on Rocket Lab, reflecting confidence in execution on the Neutron rocket program and backlog growth. Rocket Lab Stock (RKLB) Opinions on Analyst Upgrades and Price Target Raises
• Positive Sentiment: Coverage from several outlets says the Iridium deal could be transformative by adding recurring communications revenue and broadening Rocket Lab’s addressable market. Should You Buy Rocket Lab Stock Right Now?
• Positive Sentiment: Commentary around the stock notes strong revenue growth, with Q1 2026 revenue up 63.46% year over year, helping support the growth narrative. Why Analysts Think Rocket Lab Stock Can Gain Another 50% from Here
• Neutral Sentiment: Several articles frame Rocket Lab as one of the leading space stocks to watch in July, but these are mostly general sector roundups rather than new company-specific developments. Top 3 Space Stocks for July 2026: Rocket Lab (RKLB), AST SpaceMobile (ASTS), and Planet Labs (PL)
• Negative Sentiment: One data-heavy note highlighted that Rocket Lab insiders have been net sellers over the past six months, which may temper some of the enthusiasm around the rally. Rocket Lab Stock (RKLB) Opinions on Analyst Upgrades and Price Target Raises

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America lifted their price target on Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. New Street Research initiated coverage on shares of Rocket Lab in a research report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price objective for the company. Roth Mkm boosted their target price 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. Wells Fargo & Company started coverage on shares of Rocket Lab in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Rocket Lab in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rocket Lab has an average rating of “Moderate Buy” and a consensus price target of $108.24.

Rocket Lab Stock Performance

Shares of RKLB opened at $100.46 on Friday. The stock’s fifty day simple moving average is $108.81 and its 200-day simple moving average is $86.34. The firm has a market capitalization of $58.14 billion, a PE ratio of -313.94 and a beta of 2.54. Rocket Lab Corporation has a 12-month low of $35.25 and a 12-month high of $151.00. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02.

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

Insider Buying and Selling at Rocket Lab

In related news, Director Alexander R. Slusky sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the completion of the sale, the director directly owned 334,675 shares of the company’s stock, valued at $41,365,830. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Frank Klein sold 36,860 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $147.42, for a total transaction of $5,433,901.20. Following the completion of the transaction, the insider directly owned 1,006,987 shares in the company, valued at approximately $148,450,023.54. The trade was a 3.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 573,515 shares of company stock valued at $76,412,122 over the last 90 days. Company insiders own 8.40% of the company’s stock.

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.