First Eagle Investment Management LLC Takes $6.86 Million Position in Rocket Lab Corporation $RKLB

First Eagle Investment Management LLC bought a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,500 shares of the rocket manufacturer’s stock, valued at approximately $6,861,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RKLB. Versant Capital Management Inc increased its position in Rocket Lab by 5.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock valued at $208,000 after acquiring an additional 100 shares during the period. Bartlett & CO. Wealth Management LLC lifted its position in Rocket Lab by 7.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock worth $120,000 after acquiring an additional 124 shares during the period. Sovereign Financial Group Inc. grew its stake in shares of Rocket Lab by 3.9% in the 1st quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock valued at $213,000 after purchasing an additional 125 shares during the last quarter. Parvin Asset Management LLC increased its holdings in shares of Rocket Lab by 4.0% in the first quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock valued at $235,000 after purchasing an additional 140 shares during the period. Finally, Fort Sheridan Advisors LLC increased its holdings in shares of Rocket Lab by 2.8% in the fourth quarter. Fort Sheridan Advisors LLC now owns 5,324 shares of the rocket manufacturer’s stock valued at $371,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Analysts Set New Price Targets

RKLB has been the subject of several analyst reports. Piper Sandler assumed coverage on Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price target for the company. Needham & Company LLC reissued a “buy” rating on shares of Rocket Lab in a research note on Tuesday, August 11th. Citigroup restated a “market outperform” rating on shares of Rocket Lab in a research report on Tuesday, July 28th. BTIG Research restated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Finally, New Street Research started coverage on shares of Rocket Lab in a report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rocket Lab has an average rating of “Moderate Buy” and a consensus target price of $108.83.

Rocket Lab Price Performance

Rocket Lab stock opened at $64.26 on Monday. The stock’s 50 day moving average price is $75.23 and its 200 day moving average price is $84.86. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00. The company has a market cap of $38.45 billion, a PE ratio of -237.99 and a beta of 2.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98.

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

Key Stories Impacting Rocket Lab

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.

Insiders Place Their Bets

In related news, SVP Arjun Kampani sold 88,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $107.98, for a total value of $9,502,240.00. Following the completion of the sale, the senior vice president owned 264,705 shares in the company, valued at $28,582,845.90. This trade represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Adam Spice sold 140,157 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $62.63, for a total transaction of $8,778,032.91. Following the sale, the chief financial officer directly owned 1,155,967 shares in the company, valued at approximately $72,398,213.21. This represents a 10.81% 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. Over the last three months, insiders have sold 3,624,371 shares of company stock worth $312,944,881. Insiders own 8.40% of the company’s stock.

About Rocket Lab

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.