Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in Rocket Lab Corporation $RKLB

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 357.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,810 shares of the rocket manufacturer’s stock after acquiring an additional 145,944 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Rocket Lab were worth $6,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RKLB. Envestnet Asset Management Inc. grew its position in shares of Rocket Lab by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock valued at $420,000 after purchasing an additional 1,749 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Rocket Lab by 23.6% during the first quarter. New York State Common Retirement Fund now owns 133,371 shares of the rocket manufacturer’s stock valued at $2,385,000 after buying an additional 25,483 shares during the period. CWM LLC lifted its position in Rocket Lab by 50.9% during the first quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer’s stock valued at $142,000 after purchasing an additional 2,678 shares during the last quarter. Victory Capital Management Inc. grew its stake in Rocket Lab by 661.5% in the 1st quarter. Victory Capital Management Inc. now owns 345,740 shares of the rocket manufacturer’s stock worth $6,182,000 after buying an additional 300,337 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in Rocket Lab in the 1st quarter worth approximately $400,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Peter Beck sold 1,436,442 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the sale, the chief executive officer directly owned 2,500,000 shares in the company, valued at $121,875,000. This represents a 36.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank Klein sold 45,535 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.97, for a total transaction of $2,229,848.95. Following the sale, the insider directly owned 1,320,291 shares of the company’s stock, valued at $64,654,650.27. The trade was a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,406,361 shares of company stock valued at $267,483,973 over the last quarter. Company insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RKLB. Citigroup reaffirmed a “market perform” rating on shares of Rocket Lab in a report on Wednesday, November 12th. Bank of America lifted their price target on Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC upped their price objective on Rocket Lab from $55.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $75.00 target price (up previously from $65.00) on shares of Rocket Lab in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.17.

Rocket Lab Trading Down 9.5%

NASDAQ RKLB opened at $39.48 on Friday. The firm has a market cap of $19.11 billion, a PE ratio of -103.89 and a beta of 2.16. Rocket Lab Corporation has a 1-year low of $14.71 and a 1-year high of $73.97. The stock has a 50-day moving average of $55.50 and a 200-day moving average of $43.30. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $155.08 million for the quarter, compared to analyst estimates of $152.45 million. During the same period last year, the company earned ($0.10) EPS. Rocket Lab’s revenue for the quarter was up 48.0% compared to the same quarter last year. Rocket Lab has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Rocket Lab Corporation will post -0.38 EPS for the current year.

About Rocket Lab

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.