Public Employees Retirement System of Ohio Takes Position in Rocket Lab Corporation $RKLB

Public Employees Retirement System of Ohio bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 623,084 shares of the rocket manufacturer’s stock, valued at approximately $9,814,000. Public Employees Retirement System of Ohio owned 0.10% of Rocket Lab at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new stake in Rocket Lab in the 4th quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in shares of Rocket Lab during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its position in shares of Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Rocket Lab in the 4th quarter valued at $29,000. Finally, Reflection Asset Management bought a new stake in shares of Rocket Lab during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insider Buying and Selling

In related news, insider Marvin Bradford Clevenger sold 15,051 shares of Rocket Lab 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 sale, the insider directly owned 458,924 shares of the company’s stock, valued at approximately $31,954,878.12. The trade was a 3.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 6,034 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the transaction, the senior vice president owned 250,917 shares of the company’s stock, valued at approximately $16,723,618.05. This represents a 2.35% 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 3,484,214 shares of company stock worth $304,166,848 in the last quarter. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on Rocket Lab from $96.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. BTIG Research reiterated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Craig Hallum boosted their target price on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, TD Cowen upped their price target on shares of Rocket Lab from $90.00 to $120.00 and gave the stock 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.35.

Rocket Lab Price Performance

Shares of RKLB stock opened at $63.94 on Tuesday. The business has a fifty day simple moving average of $77.07 and a 200 day simple moving average of $84.98. The company has a market cap of $38.26 billion, a P/E ratio of -236.81 and a beta of 2.60. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $234.07 million during the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. On average, sell-side analysts forecast that Rocket Lab Corporation will post -0.2 EPS for the current fiscal year.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Bank of America lowered its price target modestly to $110 from $115 but maintained a Buy rating, indicating the analyst still sees substantial long-term upside. Rocket Lab Stock Outlook
• Positive Sentiment: Rocket Lab is expanding its role as a vertically integrated space-services provider. Recent developments include a Viasat satellite-bus award, participation in the U.S. Space Force’s NITE-STAR program—which has a contract ceiling of $981 million—and a full-flight Neutron launch contract with Kepler Communications. These awards support the company’s defense and satellite-systems growth prospects. Rocket Lab Defense Role
• Neutral Sentiment: Broader investor interest in space stocks remains elevated after Elon Musk backed a presidential plan to develop America’s next generation of space leaders. The initiative could benefit the sector over time, but its immediate financial impact on RKLB is uncertain. Space Leaders Initiative
• Negative Sentiment: Strong winds delayed Rocket Lab’s Synspective “Owl Around The World” Electron mission, pushing the launch to no earlier than September 1. Launch delays can pressure near-term revenue expectations and investor sentiment. Electron Launch Delay
• Negative Sentiment: Rocket Lab’s stock has flashed a technical “death cross,” reflecting deterioration in momentum after its earlier rally. The reversal has heightened concerns that further selling could occur, even as some high-profile investors continue to view the company’s space exposure favorably. Rocket Lab Death Cross
• Negative Sentiment: Executives disclosed sizable share sales: President Steve Ward sold approximately $1.0 million of stock, while COO Frank Klein sold about $2.4 million. Although the sales represent only a portion of their holdings, insider selling can reinforce concerns about valuation and near-term performance. Rocket Lab President Share Sale Rocket Lab COO Share Sale

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.