Rocket Lab Corporation $RKLB Shares Bought by Tema ETFs LLC

Tema ETFs LLC grew its position in Rocket Lab Corporation (NASDAQ:RKLB) by 65,542.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,622,028 shares of the rocket manufacturer’s stock after purchasing an additional 1,619,557 shares during the period. Rocket Lab accounts for about 5.3% of Tema ETFs LLC’s portfolio, making the stock its biggest position. Tema ETFs LLC’s holdings in Rocket Lab were worth $164,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Rocket Lab by 5.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock worth $208,000 after purchasing an additional 100 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its position in Rocket Lab by 7.1% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock valued at $120,000 after buying an additional 124 shares in the last quarter. Sovereign Financial Group Inc. increased its position in Rocket Lab by 3.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock valued at $213,000 after buying an additional 125 shares in the last quarter. Quadcap Wealth Management LLC raised its stake in Rocket Lab by 2.3% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock valued at $436,000 after buying an additional 140 shares during the last quarter. Finally, Parvin Asset Management LLC raised its stake in Rocket Lab by 4.0% in the first quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock valued at $235,000 after buying an additional 140 shares during the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rocket Lab news, CEO Peter Beck sold 1,298,622 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total value of $110,278,980.24. Following the sale, the chief executive officer owned 2,715,181 shares in the company, valued at approximately $230,573,170.52. This represents a 32.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 44,390 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total transaction of $6,328,682.30. Following the sale, the insider directly owned 1,043,847 shares in the company, valued at $148,821,266.79. The trade was a 4.08% 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. Insiders sold a total of 3,749,294 shares of company stock valued at $351,008,208 in the last three months. 8.40% of the stock is currently owned by company insiders.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $80.01 on Wednesday. The firm has a market capitalization of $46.31 billion, a P/E ratio of -296.32 and a beta of 2.60. The stock has a 50-day simple moving average of $87.16 and a two-hundred day simple moving average of $85.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. Rocket Lab Corporation has a fifty-two week low of $37.57 and a fifty-two week high of $151.00.

Rocket Lab (NASDAQ:RKLB) last issued its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Rocket Lab had a negative return on equity of 8.09% and a negative net margin of 21.51%. On average, equities analysts forecast that Rocket Lab Corporation will post -0.26 earnings per share for the current year.

Rocket Lab News Roundup

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

• Positive Sentiment: Rocket Lab reported record second-quarter revenue of approximately $234.1 million, up 62% year over year and ahead of analysts’ expectations. Backlog increased 137% to $2.36 billion, while the company has booked more than $1 billion in additional launch and space-systems contracts. Rocket Lab’s Record Quarter Still Left Investors Waiting on Neutron
• Positive Sentiment: Third-quarter revenue guidance of $250 million to $265 million exceeded the roughly $236 million consensus estimate, suggesting continued demand for Rocket Lab’s launch, spacecraft and components businesses.
• Positive Sentiment: Rocket Lab secured a dedicated Neutron launch contract from Kepler Communications for no earlier than 2028, and analysts including Cantor Fitzgerald and Citizens JMP maintained bullish ratings or raised price targets, with targets as high as $130. Rocket Lab Selected by Kepler Communications for Dedicated Neutron Launch Mission
• Positive Sentiment: The company also announced Rocket Lab Germany and GHOST, a deployable launch system designed to expand European manufacturing and responsive national-security launch capabilities. Rocket Lab Establishes Rocket Lab Germany
• Negative Sentiment: Adjusted expectations for profitability drove the selloff. Rocket Lab posted an $0.08-per-share loss versus the $0.06 expected loss, while third-quarter gross-margin guidance of 29%–31% was well below the approximately 37.6% consensus, reflecting heavy Neutron development spending.
• Negative Sentiment: The Neutron timeline has become less certain: although the vehicle remains targeted for the launch pad in the fourth quarter, management indicated that its first flight could slip into 2027. This delays a major catalyst and raises execution concerns. Rocket Lab Falls as Neutron Launch Window Narrows
• Negative Sentiment: Valuation remains a major concern: one analysis estimates RKLB trades at roughly 36 times forward sales, leaving limited room for execution missteps or slower growth. Rocket Lab: 36x Forward P/S Looks Like a Valuation Trap

Wall Street Analyst Weigh In

RKLB has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Bank of America increased their price objective on shares of Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Stifel Nicolaus set a $132.00 target price on shares of Rocket Lab in a research note on Thursday, June 4th. KGI Securities raised shares of Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Monday, July 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research note on Friday, July 17th. Three research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.65.

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.