California State Teachers Retirement System Buys 95,443,970 Shares of Rocket Lab Corporation $RKLB

California State Teachers Retirement System increased its stake in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 12,984.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,179,045 shares of the rocket manufacturer's stock after buying an additional 95,443,970 shares during the period. California State Teachers Retirement System owned 16.07% of Rocket Lab worth $9,776,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RKLB. Mcguire Capital Advisors Inc. purchased a new stake in shares of Rocket Lab in the fourth quarter worth $27,000. Zions Bancorporation National Association UT purchased a new stake in Rocket Lab during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in Rocket Lab by 109.5% during the 2nd 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 during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Rocket Lab during the 4th quarter valued at about $29,000. Finally, Reflection Asset Management bought a new stake in Rocket Lab during the 4th quarter valued at about $30,000. Institutional investors own 71.78% of the company's stock.

Rocket Lab Stock Performance

Shares of RKLB stock opened at $65.87 on Wednesday. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $73.84 and a 200-day moving average price of $84.76. Rocket Lab Corporation has a 52 week low of $37.57 and a 52 week high of $151.00. The firm has a market capitalization of $39.41 billion, a PE ratio of -243.95 and a beta of 2.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The company had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. As a group, equities research analysts expect that Rocket Lab Corporation will post -0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RKLB shares. BTIG Research reiterated a "hold" rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Berenberg Bank began coverage on shares of Rocket Lab in a research report on Wednesday, September 2nd. They set a "buy" rating and a $83.00 price target for the company. Citigroup restated a "market outperform" rating on shares of Rocket Lab in a report on Tuesday, July 28th. Craig Hallum upped their price objective on Rocket Lab from $98.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Finally, KGI Securities upgraded Rocket Lab from a "neutral" rating to an "outperform" rating and set a $107.00 target price on the stock in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.83.

Key Headlines Impacting 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 Transactions at Rocket Lab

In related news, CEO Peter Beck sold 1,298,622 shares of Rocket Lab stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total value of $110,278,980.24. Following the completion of the sale, the chief executive officer owned 2,715,181 shares of the company's stock, valued at $230,573,170.52. The trade was a 32.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Adam Spice sold 140,157 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total value of $8,778,032.91. Following the sale, the chief financial officer owned 1,155,967 shares of the company's stock, valued at approximately $72,398,213.21. This trade represents a 10.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,624,371 shares of company stock worth $312,944,881. Company insiders own 8.40% of the company's stock.

Rocket Lab 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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