North Dakota State Investment Board Invests $1.02 Million in Rocket Lab Corporation $RKLB

North Dakota State Investment Board purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,566 shares of the rocket manufacturer’s stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RKLB. AQR Capital Management LLC increased its position in Rocket Lab by 114.0% during the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock worth $3,117,000 after purchasing an additional 92,849 shares in the last quarter. NewEdge Advisors LLC increased its position in Rocket Lab by 1,812.1% during the 1st quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after purchasing an additional 34,882 shares in the last quarter. Jones Financial Companies Lllp increased its position in Rocket Lab by 53.8% during the 1st quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock worth $282,000 after purchasing an additional 5,507 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rocket Lab by 13.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock worth $13,831,000 after purchasing an additional 90,758 shares in the last quarter. Finally, Focus Partners Wealth increased its position in Rocket Lab by 1.0% during the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock worth $1,206,000 after purchasing an additional 681 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Stock Up 5.5%

RKLB opened at $134.28 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.47 and a quick ratio of 4.02. The stock has a market capitalization of $77.71 billion, a price-to-earnings ratio of -419.63 and a beta of 2.30. The business has a 50-day moving average of $82.44 and a two-hundred day moving average of $72.28. Rocket Lab Corporation has a 12 month low of $23.92 and a 12 month high of $138.38.

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

Insider Buying and Selling

In other Rocket Lab news, Director Merline Saintil sold 18,126 shares of Rocket Lab stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $75.04, for a total value of $1,360,175.04. Following the completion of the sale, the director owned 261,903 shares in the company, valued at $19,653,201.12. The trade was a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Beck sold 18,857 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $1,312,258.63. Following the sale, the chief executive officer owned 884,085 shares of the company’s stock, valued at $61,523,475.15. The trade was a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 333,449 shares of company stock worth $28,295,233 over the last ninety days. Insiders own 8.40% of the company’s stock.

Analysts Set New Price Targets

RKLB has been the subject of a number of recent research reports. Wall Street Zen upgraded Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. BTIG Research reiterated a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Roth Mkm lifted their price objective on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Needham & Company LLC lifted their price objective on Rocket Lab from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.19.

Key Rocket Lab News

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

• Positive Sentiment: Investor sentiment remains upbeat after Rocket Lab’s strong Q1 results, with revenue up 63% year over year to about $200.4 million and earnings in line with expectations. Analysts also remain constructive, with multiple firms maintaining bullish ratings and several raising price targets after the earnings report. How Is Rocket Lab Strengthening Its End-to-End Space Model?
• Positive Sentiment: Optimism has also been supported by Rocket Lab’s expanding “end-to-end” space model, including launch services, spacecraft systems, and mission operations, which investors view as a way to broaden revenue streams and deepen its competitive position.
• Positive Sentiment: Recent buzz around the Motiv Space Systems acquisition and broader space-sector momentum has added to the stock’s bullish narrative, with traders focusing on Rocket Lab’s growth, backlog, and future Neutron rocket milestones. Rocket Lab Stock (RKLB) Opinions on Motiv Space Systems Acquisition
• Neutral Sentiment: Analyst commentary remains supportive overall, but valuation concerns and the possibility of a pullback have led some investors to stay cautious after the stock’s steep run-up.
• Negative Sentiment: Shares fell in extended trading after Rocket Lab filed to offer and sell up to $3 billion of common stock, raising dilution concerns for existing shareholders and triggering a negative reaction from the market. Rocket Lab Stock Falls After The Close: What’s Happening?

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.