Rocket Lab Corporation $RKLB Holdings Lifted by Danske Bank A S

Key Points

• Danske Bank A/S raised its Q4 stake in Rocket Lab by 9.6%, owning 243,100 shares worth about $16.96 million at quarter-end.
• Analysts have grown more bullish on RKLB — the consensus rating is "Moderate Buy" with an average target of $83.31 and several firms raising targets (Bank of America to $120; Morgan Stanley and Stifel to $105).
• Insiders have been net sellers recently, disposing of 233,449 shares worth roughly $16.49 million in the past 90 days, leaving insiders with about 8.40% ownership.

Danske Bank A S boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,100 shares of the rocket manufacturer's stock after buying an additional 21,381 shares during the quarter. Danske Bank A S's holdings in Rocket Lab were worth $16,959,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in Rocket Lab during the third quarter valued at about $25,000. Hara Capital LLC purchased a new stake in shares of Rocket Lab during the third quarter valued at $25,000. Aventura Private Wealth LLC purchased a new stake in shares of Rocket Lab during the fourth quarter valued at $25,000. UMB Bank n.a. lifted its holdings in shares of 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 during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of 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 during the last quarter. Institutional investors own 71.78% of the company's stock.

Trending Headlines about 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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RKLB shares. Wall Street Zen raised Rocket Lab from a "sell" rating to a "hold" rating in a report on Sunday, February 8th. Clear Str raised Rocket Lab to a "strong-buy" rating in a report on Wednesday, March 18th. Stifel Nicolaus reaffirmed a "buy" rating and set a $105.00 target price (up from $90.00) on shares of Rocket Lab in a report on Monday, April 20th. Bank of America upped their target price on Rocket Lab from $60.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Finally, Morgan Stanley raised Rocket Lab from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $67.00 to $105.00 in a report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.31.

Rocket Lab Price Performance

Shares of Rocket Lab stock opened at $78.81 on Monday. The stock has a 50-day moving average price of $72.26 and a 200 day moving average price of $68.22. The company has a market cap of $44.88 billion, a P/E ratio of -212.99 and a beta of 2.30. The company has a current ratio of 4.08, a quick ratio of 3.61 and a debt-to-equity ratio of 0.10. Rocket Lab Corporation has a 1 year low of $20.23 and a 1 year high of $99.58.

Insider Transactions at Rocket Lab

In related news, SVP Arjun Kampani sold 23,711 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $71.95, for a total value of $1,706,006.45. Following the completion of the sale, the senior vice president directly owned 397,988 shares of the company's stock, valued at approximately $28,635,236.60. This represents a 5.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $4,366,354.96. Following the completion of the sale, the chief financial officer directly 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. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 233,449 shares of company stock worth $16,487,233. 8.40% of the stock is currently owned by company insiders.

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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