Swiss Life Asset Management Ltd Purchases 48,369 Shares of Rocket Lab Corporation $RKLB

Swiss Life Asset Management Ltd increased its position in Rocket Lab Corporation (NASDAQ:RKLB) by 480.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,426 shares of the rocket manufacturer’s stock after purchasing an additional 48,369 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Rocket Lab were worth $2,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock valued at $3,117,000 after purchasing an additional 92,849 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Rocket Lab by 1,812.1% during the first quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock worth $658,000 after buying an additional 34,882 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Rocket Lab by 53.8% in the first quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after buying an additional 5,507 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Rocket Lab by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock valued at $13,831,000 after acquiring an additional 90,758 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Rocket Lab by 1.0% in the first quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock valued at $1,206,000 after acquiring an additional 681 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Key Rocket Lab News

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

• Positive Sentiment: Won a $190 million U.S. Department of Defense contract for up to 20 HASTE hypersonic launches, which management says helped push Rocket Lab’s backlog past $2 billion — a material, near-term revenue pipeline boost. Rocket Lab Nabs $190 Million Contract For HASTE Launches In Support Of Hypersonic Testing
• Positive Sentiment: Completed a successful Electron launch for Synspective (Rocket Lab’s 84th Electron mission and 8th for Synspective), reinforcing launch cadence and revenue-recurring relationships with constellation customers. Mission Success: Rocket Lab Launches Latest Satellite for Synspective
• Positive Sentiment: Analyst and media bullishness is building around the backlog growth and improving margins, with several outlets arguing the pipeline justifies higher targets and increased investor interest. 1 No-Brainer Space Stock to Buy Before Analysts Drive It to $90 A Share
• Neutral Sentiment: Market commentary highlights Rocket Lab as a high-growth, high-volatility space stock; comparisons to peers and long-term “buy and hold” cases are plentiful but underscore speculative positioning. Rocket Lab Winning The Space Race – High Growth Cadence Triggers Speculative Buy
• Negative Sentiment: Company disclosed an equity raise that has raised investor concerns about dilution; analysts note the growing backlog must be balanced against fresh share issuance risks. Does Rocket Lab’s $2 Billion Backlog Offset Dilution Concerns?
• Negative Sentiment: Short-term market sell-off driven by geopolitical tensions in the Middle East, which lifted macro risk and inflation concerns and weighed on aerospace/defense equities, contributing to today’s weaker trade in RKLB. Why Rocket Lab (RKLB) Stock Is Nosediving

Insiders Place Their Bets

In other Rocket Lab news, insider Frank Klein sold 36,768 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $71.95, for a total value of $2,645,457.60. Following the completion of the transaction, the insider directly owned 1,088,237 shares of the company’s stock, valued at approximately $78,298,652.15. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam C. Spice sold 62,744 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $4,366,354.96. Following the completion of the sale, the chief financial officer owned 1,296,824 shares of the company’s stock, valued at $90,245,982.16. This trade represents a 4.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,810,114 shares of company stock worth $136,520,096 over the last 90 days. 11.90% of the stock is currently owned by corporate insiders.

Rocket Lab Trading Down 6.5%

RKLB opened at $67.23 on Monday. The firm’s fifty day moving average is $76.31 and its two-hundred day moving average is $63.94. The firm has a market cap of $38.15 billion, a PE ratio of -181.70 and a beta of 2.20. Rocket Lab Corporation has a twelve month low of $14.71 and a twelve month high of $99.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.61 and a current ratio of 4.08.

Analysts Set New Price Targets

RKLB has been the subject of several recent research reports. Morgan Stanley upgraded shares of Rocket Lab from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $67.00 to $105.00 in a research report on Friday, January 16th. Stifel Nicolaus raised their price target on Rocket Lab from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Rocket Lab in a research note on Friday, March 13th. Zacks Research downgraded Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Needham & Company LLC cut their target price on Rocket Lab from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus target price of $75.92.

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.