Rocket Lab Corporation $RKLB is Tema ETFs LLC’s Largest Position

Tema ETFs LLC boosted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 65,542.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,622,028 shares of the rocket manufacturer’s stock after purchasing an additional 1,619,557 shares during the period. Rocket Lab comprises 5.3% of Tema ETFs LLC’s holdings, making the stock its biggest holding. Tema ETFs LLC owned approximately 0.28% of Rocket Lab worth $164,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RKLB. E. Ohman J or Asset Management AB lifted its stake in Rocket Lab by 6.9% in the second quarter. E. Ohman J or Asset Management AB now owns 17,050 shares of the rocket manufacturer’s stock worth $1,733,000 after purchasing an additional 1,100 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Rocket Lab by 33.7% during the second quarter. Handelsbanken Fonder AB now owns 177,200 shares of the rocket manufacturer’s stock valued at $18,012,000 after buying an additional 44,700 shares during the last quarter. Fulcrum Equity Management bought a new position in shares of Rocket Lab during the second quarter valued at approximately $271,000. Community Financial Services Group LLC purchased a new stake in shares of Rocket Lab in the second quarter worth approximately $268,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Rocket Lab by 86.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 11,666 shares of the rocket manufacturer’s stock worth $1,186,000 after buying an additional 5,424 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rocket Lab

In related news, CEO Peter Beck sold 1,298,622 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $84.92, for a total transaction of $110,278,980.24. Following the sale, the chief executive officer owned 2,715,181 shares of the company’s stock, valued at $230,573,170.52. This trade represents a 32.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Arjun Kampani sold 88,000 shares of Rocket Lab stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $107.98, for a total value of $9,502,240.00. Following the completion of the transaction, the senior vice president owned 264,705 shares in the company, valued at $28,582,845.90. This trade represents a 24.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,749,294 shares of company stock worth $351,008,208. Company insiders own 8.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RKLB. Needham & Company LLC restated a “buy” rating on shares of Rocket Lab in a report on Tuesday. Craig Hallum increased their target price on Rocket Lab from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Rocket Lab from $73.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. BTIG Research restated a “hold” rating on shares of Rocket Lab in a report on Tuesday, May 12th. Finally, Roth Capital set a $110.00 price target on shares of Rocket Lab in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.65.

Rocket Lab Stock Performance

Shares of RKLB stock opened at $80.01 on Wednesday. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of -296.32 and a beta of 2.60. The company’s 50 day moving average is $87.16 and its 200 day moving average is $85.63. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $234.07 million for 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, sell-side analysts anticipate that Rocket Lab Corporation will post -0.26 EPS for the current fiscal 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

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.