Tocqueville Asset Management L.P. Acquires Shares of 837,725 Rocket Lab Corporation $RKLB

Tocqueville Asset Management L.P. bought a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 837,725 shares of the rocket manufacturer’s stock, valued at approximately $85,155,000. Rocket Lab makes up approximately 1.1% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 14th biggest holding. Tocqueville Asset Management L.P. owned 0.14% of Rocket Lab at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RKLB. Swedbank AB raised its holdings in Rocket Lab by 8.2% in the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock worth $35,525,000 after acquiring an additional 38,770 shares during the last quarter. Vanguard Group Inc. boosted its stake in Rocket Lab by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after purchasing an additional 5,610,469 shares during the last quarter. Katamaran Capital LLP increased its holdings in shares of Rocket Lab by 86.2% in the 1st quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock worth $1,272,000 after purchasing an additional 9,172 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Rocket Lab in the second quarter worth $4,124,970,000. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Rocket Lab by 6.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock valued at $180,849,000 after purchasing an additional 154,623 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Rocket Lab Trading Down 4.2%

Shares of NASDAQ:RKLB opened at $75.84 on Thursday. The stock has a 50 day moving average of $83.30 and a 200 day moving average of $85.35. The company has a market cap of $45.38 billion, a PE ratio of -280.88 and a beta of 2.60. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%.The firm had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. As a group, equities research analysts expect that Rocket Lab Corporation will post -0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RKLB shares. Cantor Fitzgerald boosted their target price on Rocket Lab from $96.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Craig Hallum increased their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, KeyCorp restated an “overweight” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.65.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab was selected for the U.S. Space Force’s Space Data Network Consortium and received two delivery orders totaling $12 million. The work supports secure optical communications for the Space Data Network Backbone and could position Rocket Lab for larger follow-on defense contracts if its technology performs successfully. Space Force selects Rocket Lab for Space Data Network Consortium
• Positive Sentiment: The company also joined the Space Force’s $981 million NITE-STAR indefinite-delivery, indefinite-quantity program for space test and training infrastructure. The program’s ceiling is not guaranteed revenue, but participation expands Rocket Lab’s access to government opportunities. Rocket Lab joins $981 million Space Force program
• Positive Sentiment: Recent coverage highlights strong operating momentum: second-quarter revenue reportedly rose 62% year over year to $234 million, while backlog reached approximately $2.36 billion. Cathie Wood’s ARK Invest also bought 160,890 shares, providing a potential sentiment boost. ARK buys Rocket Lab shares
• Neutral Sentiment: Articles point to Rocket Lab’s broader scaling strategy, including Photon, GHOST responsive-launch systems and satellite-network work. These initiatives could diversify revenue beyond launches, but their long-term financial contribution remains dependent on execution and customer adoption. Can GHOST strengthen Rocket Lab’s responsive launch capabilities?
• Negative Sentiment: Bearish analysis argues that the stock’s valuation has outpaced near-term earnings power. Rocket Lab remains unprofitable, and investors continue to face execution risk around scaling operations and the development of larger launch vehicle Neutron. Rocket Lab: The Math Doesn’t Work
• Negative Sentiment: Broad selling in space-related equities is adding pressure, while the stock’s high-growth valuation leaves it sensitive to profit-taking and disappointing execution. The competing bullish and bearish articles suggest investors remain divided over whether future contracts justify the current price.

Insiders Place Their Bets

In other news, Director Alexander R. Slusky sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $149.40, for a total value of $8,964,000.00. Following the completion of the transaction, the director owned 374,675 shares of the company’s stock, valued at $55,976,445. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Adam C. Spice sold 62,744 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total value of $8,945,412.08. Following the sale, the chief financial officer owned 983,049 shares of the company’s stock, valued at $140,153,295.93. This represents a 6.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 3,749,294 shares of company stock valued at $351,008,208. Insiders own 8.40% of the company’s stock.

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.