Praxis Investment Management Inc. Acquires 9,027 Shares of Rocket Lab Corporation $RKLB

Praxis Investment Management Inc. increased its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 66.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,635 shares of the rocket manufacturer’s stock after buying an additional 9,027 shares during the quarter. Praxis Investment Management Inc.’s holdings in Rocket Lab were worth $1,454,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RKLB. Aventura Private Wealth LLC purchased a new stake in Rocket Lab during the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Rocket Lab during the 4th quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Rocket Lab during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its position in shares of Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after buying an additional 416 shares during the period. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Rocket Lab in the fourth quarter worth about $29,000. 71.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RKLB shares. Wells Fargo & Company initiated 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. BTIG Research reiterated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Rocket Lab from $73.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. TD Cowen boosted their price target on shares of Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Rocket Lab in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.24.

Insider Activity

In other news, Director Alexander R. Slusky sold 40,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total value of $4,944,000.00. Following the completion of the transaction, the director directly owned 334,675 shares in the company, valued at approximately $41,365,830. This represents a 10.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marvin Bradford Clevenger sold 3,500 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $146.67, for a total value of $513,345.00. Following the transaction, the insider owned 473,975 shares in the company, valued at $69,517,913.25. This trade represents a 0.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 573,515 shares of company stock valued at $76,412,122. 8.40% of the stock is owned by insiders.

Rocket Lab News Roundup

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

• Positive Sentiment: Multiple analysts reportedly raised price targets on Rocket Lab, reflecting confidence in execution on the Neutron rocket program and backlog growth. Rocket Lab Stock (RKLB) Opinions on Analyst Upgrades and Price Target Raises
• Positive Sentiment: Coverage from several outlets says the Iridium deal could be transformative by adding recurring communications revenue and broadening Rocket Lab’s addressable market. Should You Buy Rocket Lab Stock Right Now?
• Positive Sentiment: Commentary around the stock notes strong revenue growth, with Q1 2026 revenue up 63.46% year over year, helping support the growth narrative. Why Analysts Think Rocket Lab Stock Can Gain Another 50% from Here
• Neutral Sentiment: Several articles frame Rocket Lab as one of the leading space stocks to watch in July, but these are mostly general sector roundups rather than new company-specific developments. Top 3 Space Stocks for July 2026: Rocket Lab (RKLB), AST SpaceMobile (ASTS), and Planet Labs (PL)
• Negative Sentiment: One data-heavy note highlighted that Rocket Lab insiders have been net sellers over the past six months, which may temper some of the enthusiasm around the rally. Rocket Lab Stock (RKLB) Opinions on Analyst Upgrades and Price Target Raises

Rocket Lab Stock Performance

Rocket Lab stock opened at $100.46 on Friday. Rocket Lab Corporation has a fifty-two week low of $35.25 and a fifty-two week high of $151.00. 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 stock has a market cap of $58.14 billion, a P/E ratio of -313.94 and a beta of 2.54. The firm’s fifty day moving average price is $108.81 and its 200-day moving average price is $86.34.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) earnings per share. On average, equities research analysts expect that Rocket Lab Corporation will post -0.29 earnings per share for the current fiscal year.

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.