Needham Initiates Coverage of Rocket Lab USA with Buy Rating

Fintel reports that on April 25, 2025, Needham initiated coverage of Rocket Lab USA (BMV:RKLB) with a Buy recommendation.

Institutional Shareholder Activities

Vk Services currently holds 32,824K shares, amounting to 7.24% ownership of Rocket Lab. Previously, the firm reported owning 37,824K shares, indicating a decrease of 15.23%. Despite this decrease, Vk Services increased its portfolio allocation in RKLB by 21.79% over the last quarter.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 11,756K shares, representing 2.59% ownership. In its last filing, it reported owning 11,882K shares, reflecting a decrease of 1.07%. However, this firm notably increased its portfolio allocation in RKLB by a remarkable 155.23% in the last quarter.

Another significant player, the Vanguard Small-Cap Index Fund Investor Shares (NAESX), holds 9,550K shares for 2.11% ownership. Previously, this fund reported owning 9,320K shares, showing an increase of 2.41%. This fund substantially increased its portfolio allocation in RKLB by 162.00% over the last quarter.

The iShares Russell 2000 ETF (IWM) also holds 9,366K shares, signifying 2.07% ownership. Its previous report indicated ownership of 9,040K shares, corresponding to an increase of 3.48%. The fund raised its portfolio allocation in RKLB by 161.32% in the past quarter.

D. E. Shaw now holds 8,389K shares, representing 1.85% ownership of the company. Previously, it reported 4,960K shares, marking an increase of 40.88%. This firm significantly increased its portfolio allocation in RKLB by 278.47% over the last quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.