Evergreen Capital Management LLC bought a new position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,448 shares of the rocket manufacturer’s stock, valued at approximately $589,000.
Several other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Rocket Lab by 174.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 297,636 shares of the rocket manufacturer’s stock worth $20,763,000 after acquiring an additional 189,020 shares in the last quarter. Bosman Wealth Management LLC acquired a new stake in shares of Rocket Lab during the fourth quarter worth approximately $414,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Rocket Lab during the fourth quarter worth approximately $1,440,000. Asset Management One Co. Ltd. boosted its holdings in shares of Rocket Lab by 5.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 177,099 shares of the rocket manufacturer’s stock worth $12,416,000 after purchasing an additional 9,848 shares during the period. Finally, GF Fund Management CO. LTD. boosted its holdings in shares of Rocket Lab by 1.3% during the fourth quarter. GF Fund Management CO. LTD. now owns 171,209 shares of the rocket manufacturer’s stock worth $11,944,000 after purchasing an additional 2,138 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently commented on RKLB shares. The Goldman Sachs Group raised their price target on shares of Rocket Lab from $47.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Rocket Lab from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 price target on shares of Rocket Lab in a report on Friday, March 13th. Zacks Research cut shares of Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, TD Cowen restated a “buy” rating on shares of Rocket Lab in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus target price of $83.31.
Read Our Latest Stock Report on RKLB
Key Stories Impacting Rocket Lab
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Completed second dedicated JAXA (Japan) launch, reinforcing government customer momentum and recurring-launch credibility. Read More.
- Positive Sentiment: Launched a next-generation High-Performance Star Tracker (ST-HP) aimed at higher-accuracy navigation in harsher radiation environments — expands space-systems product revenue potential and differentiates tech stack. Read More.
- Positive Sentiment: Industry supply tightness (Blue Origin New Glenn grounding) and Rocket Lab’s growing backlog (~$1.85B referenced in coverage) support pricing power and utilization upside for launches. Read More.
- Neutral Sentiment: Analyst and media pieces compare RKLB to peers and flag potential upside from a SpaceX IPO (increased interest in launch/satellite suppliers), but these are largely thematic and speculative. Read More.
- Neutral Sentiment: Coverage and comparisons (vs. Redwire, SpaceX valuation pieces) keep RKLB in investor focus ahead of upcoming earnings; these drive attention but not immediate fundamentals change. Read More.
- Negative Sentiment: Short interest jumped ~26.6% in April to ~31.5M shares (≈6.3% of shares short; ~1.4 days to cover). That rise increases potential volatility and suggests some investors are betting on near-term downside or profit-taking. (Short-interest data April 15)
Insider Activity at Rocket Lab
In other news, CEO Peter Beck sold 18,857 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $1,312,258.63. Following the transaction, the chief executive officer owned 884,085 shares in the company, valued at $61,523,475.15. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Arjun Kampani sold 28,761 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $2,001,477.99. Following the transaction, the senior vice president owned 421,699 shares in the company, valued at approximately $29,346,033.41. This trade represents a 6.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 233,449 shares of company stock worth $16,487,233 over the last quarter. 11.90% of the stock is currently owned by corporate insiders.
Rocket Lab Stock Performance
RKLB stock opened at $79.68 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.61 and a current ratio of 4.08. The stock has a market cap of $45.37 billion, a P/E ratio of -215.35 and a beta of 2.20. Rocket Lab Corporation has a 52 week low of $20.23 and a 52 week high of $99.58. The firm has a 50 day simple moving average of $71.62 and a 200 day simple moving average of $67.81.
About Rocket Lab
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.
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