Rakuten Investment Management Inc. boosted its position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 16.3% during the third quarter, Holdings Channel.com reports. The fund owned 87,199 shares of the rocket manufacturer’s stock after purchasing an additional 12,205 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Rocket Lab were worth $6,078,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in RKLB. BlackRock Inc. acquired a new stake in Rocket Lab during the second quarter worth about $4,124,970,000. Bank of New York Mellon Corp acquired a new position in shares of Rocket Lab in the 2nd quarter valued at about $245,764,000. Bank of America Corp DE acquired a new position in shares of Rocket Lab in the 2nd quarter valued at about $437,280,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rocket Lab by 14.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,737,451 shares of the rocket manufacturer’s stock worth $278,262,000 after purchasing an additional 352,094 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Rocket Lab by 43.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,235,469 shares of the rocket manufacturer’s stock worth $155,767,000 after purchasing an additional 678,342 shares during the period. Hedge funds and other institutional investors own 71.78% of the company’s stock.
Trending Headlines about Rocket Lab
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab’s Electron vehicle continues to provide an operating track record: the company completed 19 launches in 2026 and is approaching its 100th mission. Coverage also points to a growing backlog as support for the business beyond Neutron. Why Rocket Lab’s Electron Rocket Matters More Than Ever
- Neutral Sentiment: Investors are awaiting third-quarter results on November 9. The report could clarify revenue growth and performance across Space Systems and launch services; expectations cited in recent coverage include continued revenue growth, alongside margin pressure. Rocket Lab Earnings Preview: Space Systems vs. Launch Services
- Negative Sentiment: The immediate headwind is a market-wide sell-off in high-growth and speculative stocks following election-related concerns about scrutiny and possible limits on data-center construction. Rocket Lab appears to be caught in the spillover, rather than reacting to a new company-specific announcement. Why Rocket Lab Stock Dropped Today
- Negative Sentiment: Neutron’s debut has been delayed after a manufacturing challenge, even though the issue was reportedly overcome. The delay raises execution risk because the larger rocket is central to Rocket Lab’s next growth phase. Why Rocket Lab Stock Plunged in October
- Negative Sentiment: Commentary flags potential dilution and funding demands tied to the proposed Iridium acquisition, alongside ongoing losses and a valuation that may leave little room for execution setbacks. CFO Adam Spice and a director also reported share sales under pre-arranged trading plans; such sales do not necessarily signal a change in their outlook. Space Stocks Compared on Key Financial Measures
Insider Buying and Selling
In other news, insider Marvin Clevenger sold 15,051 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the completion of the sale, the insider owned 458,924 shares of the company’s stock, valued at approximately $31,954,878.12. This trade represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, SVP Arjun Kampani sold 7,754 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $539,911.02. Following the sale, the senior vice president directly owned 256,951 shares of the company’s stock, valued at $17,891,498.13. The trade was a 2.93% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 551,832 shares of company stock worth $34,940,037 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
RKLB has been the subject of a number of research analyst reports. KeyCorp dropped their target price on shares of Rocket Lab from $135.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Raymond James Financial began coverage on shares of Rocket Lab in a research report on Friday, September 11th. They set an “outperform” rating and a $80.00 price target on the stock. Piper Sandler began coverage on Rocket Lab in a report on Wednesday, July 15th. They issued a “neutral” rating and a $83.00 price target for the company. Roth Capital reiterated a “buy” rating on shares of Rocket Lab in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald reiterated a “mixed” rating and issued a $122.00 target price on shares of Rocket Lab in a research note on Thursday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.05.
Read Our Latest Research Report on RKLB
Rocket Lab Stock Down 12.2%
Shares of NASDAQ RKLB opened at $45.99 on Friday. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $62.85 and its 200-day simple moving average is $79.13.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The business had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. As a group, analysts forecast that Rocket Lab Corporation will post -0.20 EPS for the current year.
Rocket Lab Company Profile
Rocket Lab USA, Inc is a space and defense company that develops and operates launch vehicles, spacecraft, satellite components and related space systems. The company serves government, commercial and scientific customers seeking access to orbit and other space-based capabilities.
Rocket Lab’s launch business is centered on Electron, a small orbital launch vehicle designed to carry satellites and other payloads into low Earth orbit. The company also develops specialized launch and hypersonic test services through programs such as HASTE, while its Neutron vehicle is intended to provide larger payload capacity and support future commercial and government missions.
Through its space systems business, Rocket Lab produces satellite platforms, flight computers, power systems, solar cells, reaction wheels, separation systems, radios and other components used in spacecraft.
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Want to see what other hedge funds are holding RKLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Lab Corporation (NASDAQ:RKLB – Free Report).
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