Themes Management Co LLC Invests $863,000 in Rocket Lab Corporation $RKLB

Themes Management Co LLC bought a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,367 shares of the rocket manufacturer’s stock, valued at approximately $863,000.

Several other hedge funds have also recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake in Rocket Lab by 47.2% during the fourth quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer’s stock valued at $1,245,317,000 after purchasing an additional 5,725,536 shares in the last quarter. Vanguard Group Inc. raised its stake in Rocket Lab by 13.4% during the fourth 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 in the last quarter. Alliancebernstein L.P. raised its stake in Rocket Lab by 818.8% during the third quarter. Alliancebernstein L.P. now owns 2,190,132 shares of the rocket manufacturer’s stock valued at $104,929,000 after purchasing an additional 1,951,755 shares in the last quarter. Amundi raised its stake in Rocket Lab by 308.4% during the third quarter. Amundi now owns 2,301,568 shares of the rocket manufacturer’s stock valued at $110,268,000 after purchasing an additional 1,738,038 shares in the last quarter. Finally, State Street Corp raised its stake in Rocket Lab by 13.6% during the third quarter. State Street Corp now owns 12,399,571 shares of the rocket manufacturer’s stock valued at $594,063,000 after purchasing an additional 1,487,237 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Performance

NASDAQ RKLB opened at $135.76 on Tuesday. The company’s 50-day moving average price is $86.19 and its 200-day moving average price is $73.80. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The stock has a market cap of $78.57 billion, a PE ratio of -424.25 and a beta of 2.30. Rocket Lab Corporation has a 12 month low of $24.67 and a 12 month high of $139.76.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million for the quarter, compared to analysts’ expectations of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) earnings per share. Equities research analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Insider Transactions at Rocket Lab

In other news, CFO Adam C. Spice sold 62,744 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $4,366,354.96. Following the transaction, the chief financial officer directly owned 1,296,824 shares in the company, valued at approximately $90,245,982.16. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank Klein sold 44,482 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $3,095,502.38. Following the completion of the transaction, the insider owned 1,125,005 shares in the company, valued at approximately $78,289,097.95. The trade was a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 333,449 shares of company stock valued at $28,295,233. Company insiders own 8.40% of the company’s stock.

Wall Street Analysts Forecast Growth

RKLB has been the topic of a number of recent research reports. Craig Hallum raised shares of Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Friday, May 8th. Clear Str raised shares of Rocket Lab to a “strong-buy” rating in a research note on Wednesday, March 18th. Needham & Company LLC increased their target price on shares of Rocket Lab from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Tuesday, April 21st. Finally, BTIG Research reissued a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Rocket Lab presently has a consensus rating of “Moderate Buy” and an average price target of $97.19.

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.