Cresset Asset Management LLC Acquires 7,738 Shares of Rocket Lab Corporation $RKLB

Cresset Asset Management LLC increased its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,880 shares of the rocket manufacturer’s stock after buying an additional 7,738 shares during the period. Cresset Asset Management LLC’s holdings in Rocket Lab were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rafferty Asset Management LLC increased its stake in Rocket Lab by 9.0% during the 3rd quarter. Rafferty Asset Management LLC now owns 102,975 shares of the rocket manufacturer’s stock worth $4,934,000 after acquiring an additional 8,504 shares during the period. Caitlin John LLC acquired a new position in Rocket Lab in the 3rd quarter valued at $144,000. Clare Market Investments LLC bought a new stake in shares of Rocket Lab during the 3rd quarter valued at $255,000. Erste Asset Management GmbH acquired a new stake in shares of Rocket Lab during the 3rd quarter worth $278,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Rocket Lab by 6.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 116,200 shares of the rocket manufacturer’s stock worth $5,567,000 after purchasing an additional 6,800 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab News Summary

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

• Positive Sentiment: Operational cadence pickup — Rocket Lab completed two successful launches within days (its 83rd overall), demonstrating reliability and increasing near‑term revenue visibility from launch services. Read More.
• Positive Sentiment: Strong financials and backlog — Q4/FY2025 beat expectations, record ~$602M full‑year revenue, improving margins and a $1.85B backlog (includes an $816M SDA prime), which supports analyst upgrades and longer‑term revenue visibility. Read More.
• Neutral Sentiment: Analyst mix and ratings — some firms raised targets (e.g., Cantor Fitzgerald) while others stayed cautious or kept holds; consensus remains a Moderate Buy but opinions vary on Neutron timing and R&D spend. Read More.
• Negative Sentiment: Neutron delay and development risk — management pushed Neutron’s maiden flight to Q4 2026 after a Stage‑1 tank rupture in testing; higher near‑term R&D spending and timeline uncertainty weigh on margins and sentiment. Read More.
• Negative Sentiment: Insider sales — CEO, CFO and senior executives disclosed material share sales (March 2–4 filings). While company says sales are routine, multiple large insider transactions can pressure intraday liquidity and generate retail anxiety. Read More.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RKLB shares. Wall Street Zen raised shares of Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Zacks Research cut shares of Rocket Lab from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Roth Mkm reaffirmed a “buy” rating and set a $75.00 price target on shares of Rocket Lab in a report on Tuesday, November 11th. Cantor Fitzgerald increased their price target on shares of Rocket Lab from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.92.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $70.11 on Monday. Rocket Lab Corporation has a twelve month low of $14.71 and a twelve month high of $99.58. The company has a quick ratio of 3.61, a current ratio of 4.08 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $77.60 and its 200 day simple moving average is $62.23. The firm has a market capitalization of $37.45 billion, a PE ratio of -189.48 and a beta of 2.20.

Insider Transactions at Rocket Lab

In other news, Director Merline Saintil sold 96,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $86.58, for a total value of $8,311,680.00. Following the completion of the transaction, the director owned 292,529 shares of the company’s stock, valued at approximately $25,327,160.82. This represents a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Adam C. Spice sold 1,365,665 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $75.50, for a total transaction of $103,107,707.50. Following the completion of the sale, the chief financial officer owned 1,359,568 shares in the company, valued at approximately $102,647,384. The trade was a 50.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,344,302 shares of company stock valued at $279,695,404. 11.90% of the stock is owned by company insiders.

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.