Pictet Asset Management Holding SA Sells 103,301 Shares of Rocket Lab Corporation $RKLB

Key Points

• Pictet Asset Management cut its Rocket Lab stake by 27.7%, selling 103,301 shares in Q4 and now holds 269,207 shares worth about $18.78 million (≈0.05% of the company).
• Company insiders have been net sellers this quarter — including a 62,744-share sale by CFO Adam Spice and an 18,126-share sale by director Merline Saintil — with insiders selling 233,449 shares overall and now owning 8.40% of the stock.
• Wall Street sentiment is broadly positive: analysts rate Rocket Lab a “Moderate Buy” on average with a consensus price target of $83.31, supported by multiple buy and strong-buy ratings.

Pictet Asset Management Holding SA lowered its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,207 shares of the rocket manufacturer's stock after selling 103,301 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Rocket Lab worth $18,780,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Rocket Lab in the third quarter worth about $25,000. Hara Capital LLC acquired a new stake in shares of Rocket Lab during the third quarter worth about $25,000. Aventura Private Wealth LLC bought a new position in shares of Rocket Lab during the 4th quarter valued at about $25,000. UMB Bank n.a. grew its position in shares of Rocket Lab by 352.5% in the 3rd 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 during the period. Finally, EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $85.00 price target on shares of Rocket Lab in a research note on Friday, March 13th. Citizens Jmp upgraded shares of Rocket Lab from a "market perform" rating to an "outperform" rating and set a $85.00 price objective on the stock in a report on Tuesday, April 7th. TD Cowen reaffirmed a "buy" rating on shares of Rocket Lab in a research report on Thursday, January 22nd. Citigroup upgraded Rocket Lab from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 14th. Finally, Clear Str raised Rocket Lab to a "strong-buy" rating in a research note on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $83.31.

Insiders Place Their Bets

In other Rocket Lab news, Director Merline Saintil sold 18,126 shares of Rocket Lab stock in a transaction on Friday, March 6th. The shares were sold at an average price of $75.04, for a total value of $1,360,175.04. Following the sale, the director directly owned 261,903 shares in the company, valued at approximately $19,653,201.12. The trade was a 6.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Adam C. Spice sold 62,744 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $4,366,354.96. Following the transaction, the chief financial officer owned 1,296,824 shares of the company's stock, valued at approximately $90,245,982.16. This represents a 4.61% decrease in their ownership of the stock. 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 in the last quarter. Company insiders own 8.40% of the company's stock.

Key Headlines Impacting Rocket Lab

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 Price Performance

Shares of RKLB 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 capitalization of $44.88 billion, a P/E ratio of -212.99 and a beta of 2.30. The company has a 50 day moving average of $72.26 and a 200-day moving average of $68.20.

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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