Saudi Central Bank Has $3.70 Million Stock Position in Rocket Lab Corporation $RKLB

Saudi Central Bank boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 105.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,415 shares of the rocket manufacturer’s stock after purchasing an additional 18,670 shares during the period. Saudi Central Bank’s holdings in Rocket Lab were worth $3,702,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Mcguire Capital Advisors Inc. bought a new stake in Rocket Lab in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC raised its stake in Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Rocket Lab during the fourth quarter valued at about $28,000. Gordian Capital Singapore Pte Ltd acquired a new position in Rocket Lab in the 4th quarter valued at approximately $29,000. Finally, Reflection Asset Management bought a new position in Rocket Lab in the fourth quarter worth $30,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, CEO Peter Beck sold 1,298,622 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total transaction of $110,278,980.24. Following the transaction, the chief executive officer owned 2,715,181 shares of the company’s stock, valued at $230,573,170.52. The trade was a 32.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Adam Spice sold 140,157 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $62.63, for a total value of $8,778,032.91. Following the transaction, the chief financial officer directly owned 1,155,967 shares in the company, valued at $72,398,213.21. The trade was a 10.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,624,371 shares of company stock valued at $312,944,881 in the last three months. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a report on Friday, July 17th. Morgan Stanley reissued an “overweight” rating on shares of Rocket Lab in a report on Wednesday, July 8th. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Monday, July 27th. Berenberg Bank began coverage on shares of Rocket Lab in a research report on Wednesday. They set a “buy” rating and a $83.00 price target for the company. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $130.00 price objective on shares of Rocket Lab in a research note on Tuesday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $108.83.

More Rocket Lab News

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

• Positive Sentiment: Berenberg upgraded Rocket Lab to “strong buy.” The bank cited the expanding space economy and the company’s growth prospects, helping improve sentiment after the stock’s sharp recent decline. Why Is RKLB Stock Rising Today and How Much Upside Do Analysts See?
• Positive Sentiment: ARK Invest purchased 705,102 Rocket Lab shares across two trading sessions, according to fund disclosures. Cathie Wood’s buying may be viewed as validation of Rocket Lab’s long-term potential and could attract additional momentum-oriented investors. Cathie Wood Just Bought 705,102 Shares of a Rocket Company 50 Times Smaller Than SpaceX
• Positive Sentiment: Rocket Lab’s commercial base remains substantial. Articles highlighted nearly $2.4 billion in launch backlog, a new major launch contract and the company’s 94th successful launch, including a perfect record on Synspective missions and 16 additional missions booked through 2030. Rocket Lab Scores 94th Launch Win
• Neutral Sentiment: Neutron remains the central investment catalyst. The reusable medium-lift rocket could significantly expand Rocket Lab’s addressable market, but reports suggest its first launch could slip into 2027. The delay would give the company more time for testing but postpone a potentially transformative revenue opportunity. Peter Beck’s Neutron Rocket Could Slip to 2027
• Negative Sentiment: Investors remain concerned about valuation and cash use. Rocket Lab has fallen roughly 49% over three months, while spending ahead of Neutron’s debut. The company remains unprofitable, and its high valuation leaves limited room for execution setbacks. How Long Can Rocket Lab Stock Wait on Neutron?
• Negative Sentiment: Competitive and governance concerns persist. Blue Origin’s win of NASA’s $700 million Mars communications contract highlights intense competition, while a reported $8.8 million CFO share sale and prior analyst skepticism add to investor caution.

Rocket Lab Stock Performance

Shares of NASDAQ:RKLB opened at $64.26 on Monday. The company’s 50-day moving average price is $75.23 and its two-hundred day moving average price is $84.86. Rocket Lab Corporation has a one year low of $37.57 and a one year high of $151.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The stock has a market capitalization of $38.45 billion, a PE ratio of -237.99 and a beta of 2.60.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $234.07 million during the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. On average, equities analysts forecast that Rocket Lab Corporation will post -0.2 EPS for the current fiscal year.

Rocket Lab 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.