Caisse Des Depots ET Consignations Acquires Shares of 11,545 Rocket Lab Corporation $RKLB

Key Points

• Caisse Des Depots ET Consignations acquired a new stake of 11,545 shares in Rocket Lab (NASDAQ:RKLB) in Q4, valued at about $805,000 per its recent 13F filing.
• Insider selling was significant: CFO Adam C. Spice sold 62,744 shares and CEO Peter Beck sold 18,857 on March 2, part of 233,449 shares insiders sold (~$16.49M) over the last quarter, leaving insiders with about 8.40% ownership.
• Snapshot: Rocket Lab has a market cap of $44.88 billion, a 12‑month range of $20.23–$99.58 and a negative P/E; analysts have a consensus rating of Moderate Buy with a $83.31 price target and roughly 71.78% institutional ownership.

Caisse Des Depots ET Consignations acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,545 shares of the rocket manufacturer's stock, valued at approximately $805,000.

Several other institutional investors have also added to or reduced their stakes in RKLB. Wilmington Savings Fund Society FSB acquired a new position in Rocket Lab during the third quarter valued at approximately $25,000. Hara Capital LLC acquired a new position in Rocket Lab during the third quarter valued at approximately $25,000. Aventura Private Wealth LLC acquired a new position in Rocket Lab during the fourth quarter valued at approximately $25,000. UMB Bank n.a. raised its position in Rocket Lab by 352.5% during the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer's stock valued at $26,000 after purchasing an additional 423 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab Stock Performance

Shares of Rocket Lab stock opened at $78.81 on Friday. The company has a quick ratio of 3.61, a current ratio of 4.08 and a debt-to-equity ratio of 0.10. Rocket Lab Corporation has a twelve month low of $20.23 and a twelve month high of $99.58. The stock has a market cap of $44.88 billion, a price-to-earnings ratio of -212.99 and a beta of 2.30. The company's fifty day moving average is $72.26 and its 200 day moving average is $68.20.

Insider Buying and Selling

In related news, CFO Adam C. Spice sold 62,744 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $4,366,354.96. Following the sale, the chief financial officer owned 1,296,824 shares of the company's stock, valued at $90,245,982.16. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter Beck sold 18,857 shares of the business's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $1,312,258.63. Following the completion of the sale, the chief executive officer directly owned 884,085 shares in the company, valued at approximately $61,523,475.15. This represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 233,449 shares of company stock valued at $16,487,233 over the last quarter. 8.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on RKLB shares. Wall Street Zen upgraded shares of Rocket Lab from a "sell" rating to a "hold" rating in a research report on Sunday, February 8th. Zacks Research downgraded shares of Rocket Lab from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Bank of America boosted their price objective on shares of Rocket Lab from $60.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, January 20th. Citizens Jmp raised shares of Rocket Lab from a "market perform" rating to an "outperform" rating and set a $85.00 target price on the stock in a research note on Tuesday, April 7th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Rocket Lab in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Rocket Lab presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.31.

Rocket Lab News Roundup

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

• Positive Sentiment: High-profile endorsement: Jim Cramer said on Mad Money that “I think that Rocket Lab is a winner,” a bullish retail-media signal that can drive short-term buying interest and confidence among long-term holders. Jim Cramer Says “I Think That Rocket Lab Is a Winner”
• Positive Sentiment: Echoed coverage: Independent financial sites republished Cramer’s comments, reinforcing the same bullish narrative and broadening reach to investors who follow newsletters and aggregation sites. Jim Cramer Says “I Think That Rocket Lab Is a Winner” (InsiderMonkey)
• Neutral Sentiment: Sector product development (possible competitive context): Planet Labs and Carbon Mapper announced a specialized Tanager spacecraft for shortwave infrared (SWIR) imaging — a development in the small-sat remote-sensing market that could affect demand dynamics for satellite platforms and data services but does not directly announce business with or against Rocket Lab. Monitor whether this spurs new customer spending or demand for launch and spacecraft buses. Planet Labs & Carbon Mapper To Develop Specialized Tanager Spacecraft

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.