28,288 Shares in Rocket Lab Corporation $RKLB Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 28,288 shares of the rocket manufacturer’s stock, valued at approximately $1,973,000.

Other large investors also recently added to or reduced their stakes in the company. Katamaran Capital LLP purchased a new stake in shares of Rocket Lab during the 4th quarter worth approximately $742,000. Swiss Life Asset Management Ltd raised its holdings in shares of Rocket Lab by 5.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 61,765 shares of the rocket manufacturer’s stock worth $4,309,000 after acquiring an additional 3,339 shares in the last quarter. Colonial River Investments LLC purchased a new stake in shares of Rocket Lab during the 4th quarter worth approximately $200,000. Pure Financial Advisors LLC purchased a new stake in shares of Rocket Lab during the 4th quarter worth approximately $228,000. Finally, Altman Advisors Inc. purchased a new stake in shares of Rocket Lab during the 4th quarter worth approximately $236,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab’s latest quarter showed record revenue of about $200 million, a 63%+ year-over-year increase, alongside a record backlog of $2.2 billion and stronger-than-expected Q2 guidance, reinforcing confidence in future growth.
• Positive Sentiment: Analysts have been raising price targets after the earnings beat, with Needham boosting its target to $120 and maintaining a Buy rating, which has added momentum to the stock. Article Title
• Positive Sentiment: New contract wins, including Rocket Lab’s largest launch contract ever and a $30 million Anduril deal, are supporting the view that the company is converting its space platform into real, contracted revenue.
• Positive Sentiment: SpaceX IPO speculation is also helping sentiment toward publicly traded space stocks, and Rocket Lab is seen as the closest listed pure-play rival, making it a likely beneficiary of investor interest.
• Neutral Sentiment: Some recent commentary warns that after a huge run-up, RKLB may be extended in the short term and could pause or consolidate before its next move higher.
• Negative Sentiment: One article notes that Rocket Lab’s Neutron development risk and supply-chain constraints could delay backlog conversion and revenue timing, which could temper enthusiasm after the sharp rally.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RKLB shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Tuesday, April 21st. KeyCorp cut Rocket Lab from an “overweight” rating to a “sector weight” rating in a report on Thursday, January 15th. Clear Str raised Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Roth Mkm upped their price objective on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Bank of America upped their price objective on Rocket Lab from $60.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $117.56 on Wednesday. The company has a market cap of $66.94 billion, a P/E ratio of -367.38 and a beta of 2.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. The business’s 50 day moving average price is $75.44 and its 200-day moving average price is $69.53. Rocket Lab Corporation has a fifty-two week low of $21.44 and a fifty-two week high of $123.94.

Rocket Lab (NASDAQ:RKLB) last released its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $200.35 million for the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. Sell-side analysts predict that Rocket Lab Corporation will post -0.22 earnings per share for the current year.

Insider Activity

In other news, insider Frank Klein sold 44,482 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $3,095,502.38. Following the transaction, the insider owned 1,125,005 shares of the company’s stock, valued at approximately $78,289,097.95. The trade was a 3.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Merline Saintil sold 18,126 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $75.04, for a total value of $1,360,175.04. Following the transaction, the director directly owned 261,903 shares in the company, valued at approximately $19,653,201.12. This represents a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 233,449 shares of company stock worth $16,487,233. Company insiders own 8.40% of the company’s stock.

Rocket Lab Company 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.