American Century Companies Inc. Has $37.89 Million Stake in Rocket Lab Corporation $RKLB

Key Points

• American Century Companies Inc. reduced its holdings in Rocket Lab Corporation by 1.7%, now owning approximately 0.47% of the company, valued at $37.89 million.
• Institutional investors and hedge funds collectively own 71.78% of Rocket Lab's stock, indicating significant institutional interest in the company.
• Recent analyst ratings show a consensus of "Moderate Buy" with a target price increase, suggesting positive sentiment regarding Rocket Lab's stock performance.

American Century Companies Inc. reduced its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,119,134 shares of the rocket manufacturer's stock after selling 35,712 shares during the period. American Century Companies Inc. owned approximately 0.47% of Rocket Lab worth $37,890,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of Rocket Lab by 118.1% in the 1st quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer's stock valued at $28,000 after purchasing an additional 860 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Rocket Lab in the 1st quarter valued at $29,000. Quarry LP acquired a new position in shares of Rocket Lab in the 4th quarter valued at $48,000. Farther Finance Advisors LLC boosted its position in shares of Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer's stock valued at $35,000 after purchasing an additional 1,226 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Rocket Lab by 1,000.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock valued at $49,000 after purchasing an additional 1,750 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.

Rocket Lab Stock Performance

RKLB traded up $2.85 on Friday, hitting $44.38. The company had a trading volume of 18,714,961 shares, compared to its average volume of 19,952,666. The company's fifty day moving average price is $40.36 and its 200 day moving average price is $28.69. Rocket Lab Corporation has a 1-year low of $5.74 and a 1-year high of $53.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of -98.62 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Equities analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RKLB. Bank of America raised their price objective on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Stifel Nicolaus raised their price objective on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Roth Capital raised their price target on Rocket Lab from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Cantor Fitzgerald increased their price objective on Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective (up previously from $45.00) on shares of Rocket Lab in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.27.

Insider Transactions at Rocket Lab

In other news, Director Merline Saintil sold 6,353 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $33.38, for a total transaction of $212,063.14. Following the sale, the director directly owned 419,569 shares in the company, valued at approximately $14,005,213.22. The trade was a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matthew Ocko sold 820,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $26.01, for a total value of $21,328,200.00. Following the sale, the director owned 1,083,053 shares in the company, valued at approximately $28,170,208.53. This represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,130,995 shares of company stock valued at $29,686,039. Company insiders own 11.90% of the company's stock.

Rocket Lab Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.