Y Intercept Hong Kong Ltd Buys New Holdings in Rocket Lab Corporation $RKLB

Y Intercept Hong Kong Ltd bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 778,510 shares of the rocket manufacturer’s stock, valued at approximately $27,847,000. Rocket Lab makes up approximately 0.7% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 5th biggest holding. Y Intercept Hong Kong Ltd owned 0.17% of Rocket Lab at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Spectrum Wealth Counsel LLC raised its holdings in Rocket Lab by 100.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 2,000 shares of the rocket manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. ORG Partners LLC raised its holdings in Rocket Lab by 491.9% in the second quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after acquiring an additional 910 shares in the last quarter. GAMMA Investing LLC raised its holdings in Rocket Lab by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock valued at $54,000 after acquiring an additional 405 shares in the last quarter. National Bank of Canada FI raised its holdings in Rocket Lab by 39.8% in the first quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock valued at $56,000 after acquiring an additional 887 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Rocket Lab in the first quarter valued at approximately $68,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Stock Up 1.6%

RKLB stock opened at $64.56 on Monday. The company has a current ratio of 2.67, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a twelve month low of $10.29 and a twelve month high of $73.97. The company’s 50 day moving average is $52.74 and its two-hundred day moving average is $39.17. The stock has a market cap of $31.24 billion, a P/E ratio of -143.47 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Rocket Lab in a report on Wednesday, September 3rd. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Morgan Stanley raised their price objective on shares of Rocket Lab from $20.00 to $68.00 and gave the stock an “equal weight” rating in a report on Monday, October 13th. KeyCorp raised their price objective on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Finally, Craig Hallum assumed coverage on shares of Rocket Lab in a report on Monday, July 28th. They set a “hold” rating and a $51.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and an average price target of $51.75.

Insider Buying and Selling at Rocket Lab

In other news, insider Frank Klein sold 45,535 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 1,320,291 shares in the company, valued at approximately $64,654,650.27. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter Beck sold 1,436,442 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the transaction, the chief executive officer owned 2,500,000 shares in the company, valued at approximately $121,875,000. This trade represents a 36.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,406,361 shares of company stock valued at $267,483,973. 11.90% of the stock is owned by company insiders.

Rocket Lab Company Profile

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.