Katamaran Capital LLP Invests $742,000 in Rocket Lab Corporation $RKLB

Key Points

• Katamaran Capital LLP disclosed a new fourth-quarter position in Rocket Lab, buying 10,636 shares valued at about $742,000.
• Rocket Lab recently reported record Q1 revenue of $200.35 million, up 63.4% year over year and above estimates, while EPS matched expectations at a loss of $0.07 per share.
• The company also raised Q2 revenue guidance to $225 million-$240 million and secured a record launch contract, adding to a backlog that now stands at roughly $2.2 billion.

Katamaran Capital LLP purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,636 shares of the rocket manufacturer's stock, valued at approximately $742,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RKLB. Wilmington Savings Fund Society FSB bought a new position in shares of Rocket Lab during the 3rd quarter worth $25,000. Hara Capital LLC bought a new position in shares of Rocket Lab during the 3rd quarter worth $25,000. Aventura Private Wealth LLC bought a new position in shares of Rocket Lab during the 4th quarter worth $25,000. UMB Bank n.a. grew its position in shares of Rocket Lab by 352.5% during the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer's stock worth $26,000 after buying an additional 423 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock worth $28,000 after buying an additional 416 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Rocket Lab Price Performance

RKLB opened at $105.31 on Monday. The business's 50-day moving average is $72.88 and its two-hundred day moving average is $68.50. Rocket Lab Corporation has a 1 year low of $20.23 and a 1 year high of $105.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The firm has a market capitalization of $59.96 billion, a PE ratio of -329.09 and a beta of 2.30.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last posted its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company had revenue of $200.35 million for the quarter, compared to analyst estimates of $189.65 million. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. The firm's quarterly revenue was up 63.4% compared to the same quarter last year. Research analysts anticipate that Rocket Lab Corporation will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. KeyCorp downgraded Rocket Lab from an "overweight" rating to a "sector weight" rating in a research report on Thursday, January 15th. Weiss Ratings restated a "sell (d-)" rating on shares of Rocket Lab in a report on Tuesday, April 21st. Wall Street Zen upgraded Rocket Lab from a "sell" rating to a "hold" rating in a report on Sunday, February 8th. Craig Hallum upgraded Rocket Lab from a "hold" rating to a "buy" rating and set a $98.00 price target on the stock in a report on Friday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $85.00 price target on shares of Rocket Lab in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.00.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab posted record Q1 revenue of about $200.3 million, topping estimates and rising roughly 63% year over year, while EPS came in line with expectations. Rocket Lab Corporation (RKLB) Reports Q1 Loss, Beats Revenue Estimates
• Positive Sentiment: The company raised second-quarter revenue guidance to $225 million-$240 million, above Wall Street forecasts, signaling continued momentum into the rest of 2026. Rocket Lab Announces First Quarter 2026 Financial Results
• Positive Sentiment: Rocket Lab signed the largest launch contract in its history, including multiple Neutron and Electron missions for a confidential customer, which expands its backlog and improves revenue visibility. Rocket Lab’s Biggest Launch Deal Yet
• Positive Sentiment: Additional defense-related wins, including a $30 million HASTE hypersonic launch contract with Anduril and a Space Force demonstration with Raytheon, reinforce demand for Rocket Lab’s launch and space-systems capabilities. Rocket Lab Awarded $30 Million Contract for HASTE Hypersonic Rocket Launches for Anduril
• Positive Sentiment: Rocket Lab said it ended the quarter with a record backlog of about $2.2 billion, suggesting strong future demand and supporting the case that the company may move closer to profitability. Rocket Lab's stock rises upon new signs its business is expanding rapidly
• Neutral Sentiment: Brokerage firms lifted price targets and one firm upgraded the stock, but several targets still sit below the current share price, making the analyst signal supportive but mixed. Benzinga analyst update

Insider Buying and Selling

In other Rocket Lab news, Director Merline Saintil sold 18,126 shares of Rocket Lab stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $75.04, for a total value of $1,360,175.04. Following the transaction, the director owned 261,903 shares in the company, valued at $19,653,201.12. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter Beck sold 18,857 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $1,312,258.63. Following the completion of the sale, the chief executive officer directly owned 884,085 shares of the company's stock, valued at approximately $61,523,475.15. This represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,449 shares of company stock valued at $16,487,233 over the last three months. Corporate insiders own 8.40% of the company's stock.

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.

Want to see what other hedge funds are holding RKLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocket Lab Corporation (NASDAQ:RKLB - Free Report).

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.