Mitsubishi UFJ Asset Management Co. Ltd. Cuts Position in Rocket Lab Corporation $RKLB

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in Rocket Lab Corporation (NASDAQ:RKLB) by 38.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 155,885 shares of the rocket manufacturer’s stock after selling 95,492 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Rocket Lab were worth $5,576,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Spectrum Wealth Counsel LLC raised its holdings in Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Rocket Lab in the second quarter worth $36,000. ORG Partners LLC raised its stake in shares of Rocket Lab by 491.9% in the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after acquiring an additional 910 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Rocket Lab by 3,250.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,340 shares of the rocket manufacturer’s stock valued at $48,000 after acquiring an additional 1,300 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after acquiring an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. KeyCorp increased their price target on Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Citigroup reaffirmed a “market perform” rating on shares of Rocket Lab in a research report on Wednesday. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Craig Hallum initiated coverage on Rocket Lab in a research report on Monday, July 28th. They set a “hold” rating and a $51.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.33.

Rocket Lab Trading Down 9.4%

NASDAQ:RKLB opened at $45.25 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.33 and a current ratio of 3.18. Rocket Lab Corporation has a one year low of $14.71 and a one year high of $73.97. The business’s 50-day simple moving average is $55.91 and its 200 day simple moving average is $42.59. The stock has a market cap of $21.90 billion, a price-to-earnings ratio of -119.08 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The firm had revenue of $155.08 million during the quarter, compared to analyst estimates of $152.45 million. During the same quarter last year, the firm earned ($0.10) EPS. Rocket Lab’s quarterly revenue was up 48.0% on a year-over-year basis. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, insider Frank Klein sold 4,286 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.72, for a total transaction of $204,527.92. Following the transaction, the insider directly owned 1,316,005 shares in the company, valued at $62,799,758.60. This represents a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Adam C. Spice sold 874,588 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $48.01, for a total transaction of $41,988,969.88. Following the transaction, the chief financial officer directly owned 2,057,889 shares of the company’s stock, valued at approximately $98,799,250.89. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,406,361 shares of company stock valued at $267,483,973. Corporate insiders own 11.90% of the company’s stock.

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.