Caitong International Asset Management Co. Ltd Has $1.30 Million Stock Holdings in Rocket Lab Corporation $RKLB

Key Points

• Caitong International Asset Management Co. Ltd increased its stake in Rocket Lab Corporation by 74.3%, holding 36,240 shares valued at approximately $1.30 million as of its latest SEC filing.
• Several hedge funds also changed their positions in Rocket Lab, with notable increases from FNY Investment Advisers LLC at 330.2% and Ethic Inc. at 44.9% during the same quarter.
• Rocket Lab reported a quarterly revenue of $144.50 million, exceeding analyst expectations, despite a net loss of ($0.13) earnings per share, missing consensus estimates.

Caitong International Asset Management Co. Ltd raised its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 74.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,240 shares of the rocket manufacturer's stock after purchasing an additional 15,447 shares during the quarter. Rocket Lab makes up 0.9% of Caitong International Asset Management Co. Ltd's holdings, making the stock its 21st biggest position. Caitong International Asset Management Co. Ltd's holdings in Rocket Lab were worth $1,296,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Strategic Blueprint LLC acquired a new stake in Rocket Lab during the 2nd quarter valued at $355,000. Forum Financial Management LP acquired a new stake in Rocket Lab during the 2nd quarter valued at $307,000. Ethic Inc. lifted its holdings in Rocket Lab by 44.9% during the 2nd quarter. Ethic Inc. now owns 48,501 shares of the rocket manufacturer's stock valued at $1,716,000 after purchasing an additional 15,028 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Rocket Lab during the second quarter worth $368,000. Finally, FNY Investment Advisers LLC increased its position in Rocket Lab by 330.2% during the second quarter. FNY Investment Advisers LLC now owns 22,580 shares of the rocket manufacturer's stock worth $807,000 after acquiring an additional 17,331 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $63.57 on Friday. The stock's 50-day simple moving average is $52.34 and its 200 day simple moving average is $38.56. The firm has a market capitalization of $30.77 billion, a PE ratio of -141.27 and a beta of 2.14. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a twelve month low of $10.29 and a twelve month high of $73.97.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data 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 business had revenue of $144.50 million during the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the business earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RKLB shares. Bank of America raised their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Robert W. Baird started coverage on Rocket Lab in a research report on Wednesday, October 15th. They issued an "outperform" rating and a $83.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Rocket Lab in a research report on Wednesday, October 8th. Needham & Company LLC restated a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group started coverage on Rocket Lab in a research report on Monday, June 30th. They issued a "neutral" rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.75.

Insiders Place Their Bets

In related news, CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total value of $70,026,547.50. Following the transaction, the chief executive officer directly owned 2,500,000 shares of the company's stock, valued at $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total value of $449,143.20. Following the completion of the transaction, the senior vice president directly owned 489,629 shares in the company, valued at approximately $23,355,303.30. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,406,361 shares of company stock valued at $267,483,973 over the last ninety days. 11.90% of the stock is owned by insiders.

About Rocket Lab

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.

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