Amundi Purchases 396,639 Shares of Rocket Lab Corporation $RKLB

Key Points

• Amundi increased its Rocket Lab position by 22.2%, purchasing 396,639 additional shares and holding 2.18 million shares valued at approximately $221.7 million. Institutional investors collectively own 71.78% of the company.
• Analyst sentiment remains generally positive, with an average rating of “Moderate Buy” and an average price target of $108.83, although ratings range from Strong Buy to Sell.
• Rocket Lab reported quarterly revenue of $234.1 million but missed its earnings estimate, posting a loss of $0.08 per share. Meanwhile, insiders sold 3.62 million shares worth roughly $312.9 million during the latest quarter, adding a potential cautionary signal.

Amundi boosted its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,180,748 shares of the rocket manufacturer's stock after buying an additional 396,639 shares during the period. Amundi owned approximately 0.36% of Rocket Lab worth $221,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in Rocket Lab by 4.2% during the second quarter. HighTower Advisors LLC now owns 109,226 shares of the rocket manufacturer's stock worth $11,103,000 after purchasing an additional 4,407 shares during the period. Groupe la Francaise bought a new position in shares of Rocket Lab during the 2nd quarter worth approximately $725,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $1,071,000. First Eagle Investment Management LLC acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $6,861,000. Finally, California State Teachers Retirement System increased its stake in shares of Rocket Lab by 12,984.2% in the 2nd quarter. California State Teachers Retirement System now owns 96,179,045 shares of the rocket manufacturer's stock valued at $9,776,600,000 after acquiring an additional 95,443,970 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating on shares of Rocket Lab in a research note on Tuesday, August 11th. BTIG Research reaffirmed a "hold" rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Rocket Lab from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. KeyCorp reissued an "overweight" rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Finally, New Street Research initiated coverage on Rocket Lab in a research report on Wednesday, May 13th. They issued a "buy" rating and a $150.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $108.83.

Rocket Lab Stock Up 2.5%

Shares of NASDAQ RKLB opened at $65.87 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The company has a 50-day moving average price of $73.84 and a 200-day moving average price of $84.76. The stock has a market capitalization of $39.41 billion, a P/E ratio of -243.95 and a beta of 2.60. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that Rocket Lab Corporation will post -0.2 EPS for the current fiscal year.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab released its IMM Apex space solar cell, which offers 31.5% beginning-of-life efficiency, 40% lower mass and eliminates the need for germanium substrates. The product is designed as a drop-in replacement for existing cells, potentially reducing customer retooling costs while addressing critical-mineral supply constraints. Rocket Lab says it can manufacture the cells in multi-100-kilowatt volumes, supporting growth in satellite demand. Rocket Lab IMM Apex solar-cell release
• Positive Sentiment: Rocket Lab benefited from a broader rally in space stocks after Pivotal Research began coverage of SpaceX with a $220 price target. The move increased investor attention on the sector and helped lift sentiment toward RKLB. Space-stock rally article
• Positive Sentiment: Several reports highlighted bullish analyst views, including price targets materially above recent trading levels. Investors are also watching Rocket Lab’s expanding backlog, military satellite-communications contracts and reported 61.99% year-over-year second-quarter revenue growth. Rocket Lab SDN contracts article
• Neutral Sentiment: Rocket Lab’s Neutron rocket timeline remains a key investor focus, with a potential launch pushed into 2027. The delay gives the company more development time but postpones a major catalyst and increases execution risk. Rocket Lab Neutron timeline article
• Negative Sentiment: Reported insider activity shows numerous open-market sales and no purchases during the past six months, including sales by Chief Executive Peter Beck. That pattern may weigh on sentiment, particularly while RKLB trades at a high valuation and remains unprofitable. Rocket Lab insider-activity article

Insider Buying and Selling at Rocket Lab

In related news, CFO Adam C. Spice sold 140,157 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total transaction of $8,778,032.91. Following the transaction, the chief financial officer directly owned 1,155,967 shares of the company's stock, valued at $72,398,213.21. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Marvin Clevenger sold 15,051 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $1,048,001.13. Following the sale, the insider directly owned 458,924 shares of the company's stock, valued at $31,954,878.12. The trade was a 3.18% 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. In the last quarter, insiders sold 3,624,371 shares of company stock worth $312,944,881. 8.40% of the stock is currently owned by insiders.

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.

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