VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Holdings in Rocket Lab Corporation $RKLB

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,539 shares of the rocket manufacturer's stock, valued at approximately $1,071,000.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in Rocket Lab by 12,984.2% in the second quarter. California State Teachers Retirement System now owns 96,179,045 shares of the rocket manufacturer's stock worth $9,776,600,000 after purchasing an additional 95,443,970 shares during the period. BlackRock Inc. acquired a new position in Rocket Lab during the 2nd quarter valued at about $4,124,970,000. Bank of New York Mellon Corp bought a new position in shares of Rocket Lab in the 2nd quarter valued at about $245,764,000. Norges Bank bought a new position in shares of Rocket Lab in the 4th quarter valued at about $341,036,000. Finally, Bank of America Corp DE acquired a new stake in shares of Rocket Lab during the 2nd quarter worth approximately $437,280,000. Institutional investors and hedge funds own 71.78% of the company's stock.

More Rocket Lab News

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

• Positive Sentiment: Successful Electron launch supports near-term momentum. Rocket Lab deployed a confidential customer’s Earth-observation satellite into a 500-kilometer orbit. The mission was the company’s 95th Electron launch overall and its 16th this year, highlighting a reliable launch cadence in a capacity-constrained market. Another commercial launch is planned before the end of September. Rocket Lab Successfully Launches 16th Electron Mission
• Positive Sentiment: Analysts see substantial upside potential. Raymond James identified two opportunities with significant upside, while multiple analysts maintain Strong Buy ratings and price targets well above the current trading level. The bullish case is supported by Rocket Lab’s record revenue, expanding backlog, and more than $1 billion in new contracts since the second quarter began. Why Raymond James Is Betting Big on Rocket Lab
• Neutral Sentiment: The investment case depends on Neutron. Commentary argues Rocket Lab’s established launch and space-systems operations could justify taking the risk on its reusable Neutron medium-lift rocket. The company’s core business is improving, but Neutron’s development schedule has not changed, leaving investors focused on execution and potential delays. Rocket Lab's Core Business Makes the Neutron Gamble Worth Taking
• Negative Sentiment: Recent underperformance reflects company-specific concerns. RKLB declined sharply from mid-June through September 10 despite record revenue and new contracts, substantially underperforming major defense peers. The drop suggests investors remain concerned about Neutron execution, elevated expectations, and the stock’s high-risk valuation. What's Behind the RKLB Drop?
• Negative Sentiment: Insider selling is a notable overhang. Reported activity showed 97 insider sales and no purchases over the past six months, including substantial sales by CEO Peter Beck and other executives. This may reinforce concerns about valuation even as operating metrics improve.

Insider Activity

In other Rocket Lab news, insider Marvin Clevenger sold 15,051 shares of Rocket Lab stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $1,048,001.13. Following the transaction, the insider owned 458,924 shares of the company's stock, valued at approximately $31,954,878.12. The trade was a 3.18% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Arjun Kampani sold 6,034 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $66.65, for a total transaction of $402,166.10. Following the completion of the transaction, the senior vice president owned 250,917 shares of the company's stock, valued at $16,723,618.05. This trade represents a 2.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,624,371 shares of company stock worth $312,944,881. Corporate insiders own 8.40% of the company's stock.

Analyst Ratings Changes

RKLB has been the subject of a number of recent research reports. Berenberg Bank assumed coverage on shares of Rocket Lab in a research note on Wednesday, September 2nd. They set a "buy" rating and a $83.00 price target for the company. Citigroup reaffirmed a "market outperform" rating on shares of Rocket Lab in a report on Tuesday, July 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rocket Lab in a research report on Friday, July 17th. Piper Sandler initiated coverage on Rocket Lab in a research note on Wednesday, July 15th. They issued a "neutral" rating and a $83.00 price target on the stock. Finally, Citizens Jmp restated a "market outperform" rating and issued a $130.00 price target on shares of Rocket Lab in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $107.32.

Rocket Lab Price Performance

NASDAQ:RKLB opened at $62.95 on Monday. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00. The stock has a 50-day moving average price of $71.58 and a two-hundred day moving average price of $84.56. The stock has a market cap of $37.67 billion, a price-to-earnings ratio of -233.14 and a beta of 2.60. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01.

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 for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The business had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. As a group, equities analysts expect that Rocket Lab Corporation will post -0.2 earnings per share for the current year.

Rocket Lab Profile

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab's Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.

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