Handelsbanken Fonder AB Has $8.93 Million Stake in Rocket Lab Corporation $RKLB

Handelsbanken Fonder AB increased its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 10.2% during the fourth quarter, HoldingsChannel reports. The fund owned 128,000 shares of the rocket manufacturer’s stock after buying an additional 11,800 shares during the period. Handelsbanken Fonder AB’s holdings in Rocket Lab were worth $8,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Baillie Gifford & Co. grew its position in Rocket Lab by 176.1% in the third quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock valued at $580,952,000 after purchasing an additional 7,734,788 shares in the last quarter. Vanguard Group Inc. grew its position in Rocket Lab by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after purchasing an additional 5,610,469 shares in the last quarter. Alliancebernstein L.P. grew its position in Rocket Lab by 818.8% in the third quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock valued at $104,929,000 after purchasing an additional 1,951,755 shares in the last quarter. Amundi grew its position in Rocket Lab by 308.4% in the third quarter. Amundi now owns 2,301,568 shares of the rocket manufacturer’s stock valued at $110,268,000 after purchasing an additional 1,738,038 shares in the last quarter. Finally, State Street Corp grew its position in Rocket Lab by 13.6% in the third quarter. State Street Corp now owns 12,399,571 shares of the rocket manufacturer’s stock valued at $594,063,000 after purchasing an additional 1,487,237 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

More Rocket Lab News

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

• Positive Sentiment: Rocket Lab continues to show strong underlying business momentum, with Q1 revenue up about 63% year over year and backlog more than doubling, reinforcing the company’s long-term growth story.
• Positive Sentiment: Shareholders approved governance changes at the 2026 annual meeting, which may support a more streamlined corporate structure and signal continued alignment with management’s strategy. Rocket Lab Shareholders Approve Governance Changes at Annual Meeting
• Neutral Sentiment: SpaceX IPO speculation is keeping the broader space sector in focus, and Rocket Lab is being mentioned as one of the names benefiting from renewed investor attention on space infrastructure stocks.
• Negative Sentiment: The $3 billion stock sale program is the main pressure point, as the market is worried about dilution and the possibility that future share issuance could weigh on per-share value. Rocket Lab Stock Falls After Announcing $3 Billion Distribution Agreement
• Negative Sentiment: Several articles and commentary point to valuation concerns after a sharp run-up in the stock, with some analysts urging caution and suggesting investors may be chasing the move too late.

Analyst Upgrades and Downgrades

RKLB has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Tuesday, April 21st. BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Wells Fargo & Company started coverage on shares of Rocket Lab in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $60.00 price objective for the company. Roth Mkm lifted their price objective on shares of Rocket Lab from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Citigroup reissued an “outperform” rating on shares of Rocket Lab in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.19.

Rocket Lab Stock Performance

Shares of RKLB stock opened at $125.45 on Friday. The company has a market capitalization of $72.60 billion, a price-to-earnings ratio of -392.03 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 company has a 50-day simple moving average of $83.57 and a 200 day simple moving average of $72.72. Rocket Lab Corporation has a 52 week low of $23.92 and a 52 week high of $138.38.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. Rocket Lab’s revenue was up 63.4% compared to the same quarter last year. On average, sell-side analysts predict that Rocket Lab Corporation will post -0.24 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Arjun Kampani sold 28,761 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $2,001,477.99. Following the completion of the transaction, the senior vice president directly owned 421,699 shares in the company, valued at approximately $29,346,033.41. The trade was a 6.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank Klein sold 44,482 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $3,095,502.38. Following the completion of the transaction, the insider owned 1,125,005 shares of the company’s stock, valued at $78,289,097.95. The trade was a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 333,449 shares of company stock worth $28,295,233. 8.40% of the stock is owned by company insiders.

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.