Rocket Lab Corporation $RKLB Stock Holdings Trimmed by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super cut its Rocket Lab stake by 92.9% in the third quarter, selling 46,477 shares and retaining 3,526 shares valued at about $246,000.
• Institutional investors collectively own 71.78% of Rocket Lab; while Aware Super reduced its position, several large investors, including UBS and Amundi, increased theirs.
• Rocket Lab completed its 99th Electron mission, and analysts’ consensus rating is “Moderate Buy” with a $102.05 average target. Neutron delays, cash burn, and valuation remain potential risks.

Aware Super Pty Ltd as trustee of Aware Super lessened its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 92.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,526 shares of the rocket manufacturer's stock after selling 46,477 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in Rocket Lab were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RKLB. BlackRock Inc. purchased a new position in shares of Rocket Lab in the second quarter worth about $4,124,970,000. Bank of America Corp DE acquired a new position in Rocket Lab in the second quarter valued at approximately $437,280,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rocket Lab by 14.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,737,451 shares of the rocket manufacturer's stock worth $278,262,000 after purchasing an additional 352,094 shares during the period. Bank of New York Mellon Corp purchased a new position in Rocket Lab during the second quarter worth about $245,764,000. Finally, Amundi boosted its position in shares of Rocket Lab by 22.2% during the 2nd quarter. Amundi now owns 2,180,748 shares of the rocket manufacturer's stock worth $221,673,000 after purchasing an additional 396,639 shares during the period. Hedge funds and other institutional investors own 71.78% of the company's stock.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab successfully completed its 99th Electron mission, deploying an Earth-imaging satellite for Japan’s iQPS. The flight reinforces Electron’s launch reliability and operating track record. Mission Success: Rocket Lab Launches 99th Electron Mission
• Positive Sentiment: Recent coverage highlights that Space Systems generates substantially more revenue than launch services, while the Iridium deal could broaden Rocket Lab’s growth opportunity. A record backlog and rising revenue also support the longer-term outlook. Rocket Lab’s Space Systems Division Dwarfs Launch Revenue
• Positive Sentiment: NASA has cited Rocket Lab as a potential launch provider for future commercial space-station missions. That could open another market as the International Space Station approaches retirement, although Neutron is central to the opportunity. Rocket Lab Is Emerging As A Key Launch Option For Commercial Stations
• Neutral Sentiment: Neutron is viewed as a potential catalyst that could materially change Rocket Lab’s growth outlook, but it has not flown yet. One analyst expects its debut in late fiscal Q2 2027 and says the delay does not undermine the investment case. Analyst Sticks to Target Despite Neutron Setback
• Negative Sentiment: Globalstar raised concerns that Rocket Lab’s supplier relationship could give it an incentive to favor Iridium, creating potential commercial and regulatory friction around the deal. Iridium Deal Draws Globalstar Concerns
• Negative Sentiment: Other commentary warns that cash burn, elevated valuation and sensitivity to borrowing costs could keep the stock volatile. A separate investor cautioned that turbulence may continue, while coverage also flagged a planned $7.7 million CFO share sale. Rocket Lab Cash Burn and Earnings Preview

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Capital reissued a "buy" rating on shares of Rocket Lab in a research note on Thursday, October 15th. Morgan Stanley reaffirmed an "overweight" rating on shares of Rocket Lab in a research report on Wednesday, July 8th. Cantor Fitzgerald reiterated a "mixed" rating and set a $122.00 price target on shares of Rocket Lab in a research note on Thursday, October 15th. Bank of America reduced their price target on shares of Rocket Lab from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Monday, August 31st. Finally, Piper Sandler initiated coverage on shares of Rocket Lab in a research report on Wednesday, July 15th. They set a "neutral" rating and a $83.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $102.05.

Insider Buying and Selling at Rocket Lab

In related news, SVP Arjun Kampani sold 6,034 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the transaction, the senior vice president owned 250,917 shares in the company, valued at $16,723,618.05. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 35,558 shares of Rocket Lab stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $66.61, for a total value of $2,368,518.38. Following the transaction, the insider directly owned 925,737 shares in the company, valued at approximately $61,663,341.57. This trade represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 551,832 shares of company stock valued at $34,940,037. 8.40% of the stock is owned by insiders.

Rocket Lab Price Performance

Shares of RKLB opened at $54.43 on Wednesday. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00. The firm's fifty day simple moving average is $63.54 and its 200-day simple moving average is $79.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The firm had revenue of $234.07 million for the quarter, compared to analysts' expectations of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. As a group, equities research analysts expect that Rocket Lab Corporation will post -0.20 EPS for the current year.

About Rocket Lab

Rocket Lab USA, Inc is a space and defense company that develops and operates launch vehicles, spacecraft, satellite components and related space systems. The company serves government, commercial and scientific customers seeking access to orbit and other space-based capabilities.

Rocket Lab's launch business is centered on Electron, a small orbital launch vehicle designed to carry satellites and other payloads into low Earth orbit. The company also develops specialized launch and hypersonic test services through programs such as HASTE, while its Neutron vehicle is intended to provide larger payload capacity and support future commercial and government missions.

Through its space systems business, Rocket Lab produces satellite platforms, flight computers, power systems, solar cells, reaction wheels, separation systems, radios and other components used in spacecraft.

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