Y.D. More Investments Ltd Makes New $642,000 Investment in Rocket Lab Corporation $RKLB

Y.D. More Investments Ltd purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the rocket manufacturer’s stock, valued at approximately $642,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in shares of Rocket Lab by 47.2% during the 4th quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock worth $1,245,317,000 after acquiring an additional 5,725,536 shares during the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 5,610,469 shares during the last quarter. Norges Bank bought a new position in Rocket Lab in the fourth quarter valued at $341,036,000. Alliancebernstein L.P. raised its position in Rocket Lab by 818.8% during the third quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock valued at $104,929,000 after purchasing an additional 1,951,755 shares in the last quarter. Finally, Capital World Investors raised its position 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 purchasing an additional 1,738,623 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. New Street Research started coverage on Rocket Lab in a research note on Wednesday, May 13th. They set a “buy” rating and a $150.00 price target for the company. Roth Capital increased their price objective on Rocket Lab from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Craig Hallum raised their price objective on Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 29th. KGI Securities initiated coverage on Rocket Lab in a research note on Thursday, June 11th. They issued a “neutral” rating and a $105.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $111.88.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $76.73 on Tuesday. The company has a 50-day simple moving average of $109.12 and a two-hundred day simple moving average of $87.30. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of -239.78 and a beta of 2.54. 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 released its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting 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 firm had revenue of $200.35 million for the quarter, compared to the consensus estimate of $189.65 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The company’s quarterly revenue was up 63.4% on a year-over-year basis. On average, equities analysts forecast that Rocket Lab Corporation will post -0.26 EPS for the current year.

More Rocket Lab News

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

• Positive Sentiment: Cantor reiterated a Buy rating on Rocket Lab after the successful VICTUS HAZE mission, reinforcing confidence in the company’s execution and space systems capabilities. Article Title
• Positive Sentiment: Rocket Lab has continued to post mission and contract wins, including a recent U.S. Space Force mission success and a NASA launch award, which support the bullish long-term growth case. Article Title
• Neutral Sentiment: Analysts remain generally constructive, with recent price targets clustered around the low-to-mid $100s and multiple firms maintaining bullish ratings on RKLB. Article Title
• Negative Sentiment: Investor concern is building around Rocket Lab’s planned Iridium acquisition, which includes a large cash-and-stock structure and has raised questions about financing, leverage, and dilution for shareholders. Article Title
• Negative Sentiment: Broader weakness in growth and space-related stocks is also weighing on RKLB, suggesting some of the selling is tied to risk-off sentiment rather than a company-specific operational miss. Article Title
• Negative Sentiment: Recent insider selling and heavy debate about the stock’s technical support levels are adding to caution among traders. Article Title

Insiders Place Their Bets

In other Rocket Lab news, Director Alexander R. Slusky sold 100,000 shares of Rocket Lab stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $118.08, for a total value of $11,808,000.00. Following the transaction, the director directly owned 434,675 shares of the company’s stock, valued at $51,326,424. The trade was a 18.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank Klein sold 44,390 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $142.57, for a total value of $6,328,682.30. Following the completion of the sale, the insider owned 1,043,847 shares of the company’s stock, valued at $148,821,266.79. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders sold 3,849,294 shares of company stock worth $362,816,208. 8.40% of the stock is currently owned by corporate insiders.

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.