Deutsche Bank AG bought a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,349,025 shares of the rocket manufacturer’s stock, valued at approximately $137,128,000. Deutsche Bank AG owned approximately 0.23% of Rocket Lab as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Swedbank AB lifted its stake in shares of 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 buying an additional 38,770 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after buying an additional 5,610,469 shares during the period. Katamaran Capital LLP increased its stake in Rocket Lab by 86.2% in the 1st quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock worth $1,272,000 after buying an additional 9,172 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Rocket Lab by 6.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock worth $180,849,000 after buying an additional 154,623 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in Rocket Lab during the first quarter valued at about $642,000. Institutional investors own 71.78% of the company’s stock.
Insider Activity at Rocket Lab
In other news, insider Frank Klein sold 44,390 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the sale, the insider directly owned 1,043,847 shares of the company’s stock, valued at $148,821,266.79. This represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, CFO Adam C. Spice sold 62,744 shares of the 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 $8,945,412.08. Following the transaction, the chief financial officer owned 983,049 shares of the company’s stock, valued at $140,153,295.93. This represents a 6.00% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 3,749,294 shares of company stock valued at $351,008,208 in the last 90 days. 8.40% of the stock is currently owned by insiders.
Rocket Lab Stock Down 4.2%
Rocket Lab (NASDAQ:RKLB – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share 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 firm had revenue of $234.07 million for the quarter, compared to analysts’ expectations of $231.62 million. Analysts predict that Rocket Lab Corporation will post -0.25 EPS for the current fiscal year.
Rocket Lab News Summary
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab was selected for the U.S. Space Force’s Space Data Network Consortium and received two delivery orders totaling $12 million. The work supports secure optical communications for the Space Data Network Backbone and could position Rocket Lab for larger follow-on defense contracts if its technology performs successfully. Space Force selects Rocket Lab for Space Data Network Consortium
- Positive Sentiment: The company also joined the Space Force’s $981 million NITE-STAR indefinite-delivery, indefinite-quantity program for space test and training infrastructure. The program’s ceiling is not guaranteed revenue, but participation expands Rocket Lab’s access to government opportunities. Rocket Lab joins $981 million Space Force program
- Positive Sentiment: Recent coverage highlights strong operating momentum: second-quarter revenue reportedly rose 62% year over year to $234 million, while backlog reached approximately $2.36 billion. Cathie Wood’s ARK Invest also bought 160,890 shares, providing a potential sentiment boost. ARK buys Rocket Lab shares
- Neutral Sentiment: Articles point to Rocket Lab’s broader scaling strategy, including Photon, GHOST responsive-launch systems and satellite-network work. These initiatives could diversify revenue beyond launches, but their long-term financial contribution remains dependent on execution and customer adoption. Can GHOST strengthen Rocket Lab’s responsive launch capabilities?
- Negative Sentiment: Bearish analysis argues that the stock’s valuation has outpaced near-term earnings power. Rocket Lab remains unprofitable, and investors continue to face execution risk around scaling operations and the development of larger launch vehicle Neutron. Rocket Lab: The Math Doesn’t Work
- Negative Sentiment: Broad selling in space-related equities is adding pressure, while the stock’s high-growth valuation leaves it sensitive to profit-taking and disappointing execution. The competing bullish and bearish articles suggest investors remain divided over whether future contracts justify the current price.
Analysts Set New Price Targets
Several brokerages have recently commented on RKLB. Stifel Nicolaus set a $132.00 price objective on Rocket Lab in a research report on Thursday, June 4th. Cantor Fitzgerald lifted their target price on Rocket Lab from $96.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a report on Friday, July 17th. Piper Sandler assumed coverage on Rocket Lab in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $83.00 price target for the company. Finally, TD Cowen increased their price objective on shares of Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rocket Lab presently has an average rating of “Moderate Buy” and a consensus target price of $110.65.
Read Our Latest Stock Analysis on Rocket Lab
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.
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