Quantbot Technologies LP Increases Stock Position in Rocket Lab Corporation $RKLB

Key Points

• Quantbot Technologies LP significantly increased its stake in Rocket Lab Corporation by 10,282.6%, owning 38,831 shares now valued at approximately $694,000.
• Rocket Lab's stock performance has shown volatility, with a 1-year low of $5.74 and a high of $53.44, trading at $47.22 recently.
• Insider selling has been notable, with over 1.1 million shares sold in the last 90 days, leading to insiders now holding 11.90% of the company's stock.

Quantbot Technologies LP raised its holdings in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 10,282.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,831 shares of the rocket manufacturer's stock after acquiring an additional 38,457 shares during the quarter. Quantbot Technologies LP's holdings in Rocket Lab were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RKLB. Vanguard Group Inc. increased its holdings in shares of Rocket Lab by 10.6% in the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares during the period. Two Sigma Advisers LP bought a new position in shares of Rocket Lab in the fourth quarter worth $72,623,000. BNP Paribas Financial Markets purchased a new position in Rocket Lab in the fourth quarter worth $56,977,000. Two Sigma Investments LP purchased a new position in Rocket Lab in the fourth quarter worth $47,074,000. Finally, Driehaus Capital Management LLC purchased a new position in Rocket Lab in the fourth quarter worth $35,987,000. Institutional investors own 71.78% of the company's stock.

Analyst Upgrades and Downgrades

RKLB has been the subject of several research reports. Craig Hallum initiated coverage on shares of Rocket Lab in a research report on Monday, July 28th. They issued a "hold" rating and a $51.00 target price for the company. Roth Capital upped their target price on shares of Rocket Lab from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price (up from $45.00) on shares of Rocket Lab in a research report on Friday, August 8th. Cantor Fitzgerald upped their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Citigroup restated a "buy" rating and set a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.27.

Rocket Lab Stock Down 3.6%

Shares of RKLB traded down $1.75 on Wednesday, hitting $46.38. 13,989,103 shares of the stock traded hands, compared to its average volume of 20,148,334. Rocket Lab Corporation has a one year low of $5.74 and a one year high of $53.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The business has a 50 day simple moving average of $41.59 and a 200 day simple moving average of $29.08. The company has a market capitalization of $22.23 billion, a PE ratio of -102.91 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. The business's revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Activity at Rocket Lab

In other Rocket Lab news, Director Matthew Ocko sold 820,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $26.01, for a total value of $21,328,200.00. Following the completion of the sale, the director directly owned 1,083,053 shares of the company's stock, valued at $28,170,208.53. The trade was a 43.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank Klein sold 2,546 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $30.00, for a total transaction of $76,380.00. Following the completion of the sale, the insider directly owned 1,365,826 shares of the company's stock, valued at approximately $40,974,780. This trade represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,123,149 shares of company stock valued at $29,450,894 in the last quarter. Corporate insiders own 11.90% of the company's stock.

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.