Hsbc Holdings PLC Has $12.81 Million Position in Rocket Lab Corporation $RKLB

Key Points

• Hsbc Holdings PLC reduced its stake in Rocket Lab Corporation by 52.9% in the first quarter, selling 810,894 shares and holding about $12.8 million worth of shares post-sale.
• Several other institutional investors, including Versant Capital Management Inc and Farther Finance Advisors LLC, increased their stakes, signaling mixed investment sentiment towards the company.
• Wall Street analysts have revised their price targets for Rocket Lab, with estimates ranging from $35.00 to $55.00, and a consensus rating of "Moderate Buy" based on recent performance and earnings reports.

Hsbc Holdings PLC reduced its position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 52.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 723,371 shares of the rocket manufacturer's stock after selling 810,894 shares during the quarter. Hsbc Holdings PLC owned about 0.16% of Rocket Lab worth $12,807,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Rocket Lab by 10.6% during the 1st 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 acquired a new position in shares of Rocket Lab during the 4th quarter worth $72,623,000. BNP Paribas Financial Markets acquired a new position in shares of Rocket Lab during the 4th quarter worth $56,977,000. Two Sigma Investments LP acquired a new position in shares of Rocket Lab during the 4th quarter worth $47,074,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of Rocket Lab during the 4th quarter worth $35,987,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rocket Lab

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

Rocket Lab Stock Down 3.6%

Shares of RKLB traded down $1.75 during mid-day trading on Wednesday, reaching $46.38. 13,989,103 shares of the stock traded hands, compared to its average volume of 20,148,334. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of -102.91 and a beta of 2.17. The stock has a fifty day simple moving average of $41.59 and a 200 day simple moving average of $29.08. Rocket Lab Corporation has a 12-month low of $5.74 and a 12-month high of $53.44. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued 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). The company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Rocket Lab from $40.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. The Goldman Sachs Group started coverage on shares of Rocket Lab in a report on Monday, June 30th. They set a "neutral" rating and a $27.00 price objective on the stock. Craig Hallum started coverage on shares of Rocket Lab in a report on Monday, July 28th. They set a "hold" rating and a $51.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald increased their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.27.

Rocket Lab Company Profile

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.