NEOS Investment Management LLC Purchases Shares of 349,378 Rocket Lab Corporation $RKLB

NEOS Investment Management LLC acquired a new stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 349,378 shares of the rocket manufacturer’s stock, valued at approximately $35,514,000.

Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in Rocket Lab by 5.1% during the second quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock valued at $208,000 after purchasing an additional 100 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in Rocket Lab by 7.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock worth $120,000 after buying an additional 124 shares during the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of Rocket Lab by 3.9% in the first 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. Parvin Asset Management LLC lifted its position in shares of Rocket Lab by 4.0% during the 1st quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock valued at $235,000 after acquiring an additional 140 shares during the last quarter. Finally, Fort Sheridan Advisors LLC lifted its position in shares of Rocket Lab by 2.8% during the 4th quarter. Fort Sheridan Advisors LLC now owns 5,324 shares of the rocket manufacturer’s stock valued at $371,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insider Activity at Rocket Lab

In other news, insider Marvin Clevenger sold 15,051 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the transaction, the insider directly owned 458,924 shares in the company, valued at $31,954,878.12. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, CFO Adam Spice sold 9,677 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $673,809.51. Following the transaction, the chief financial officer owned 1,155,967 shares in the company, valued at approximately $80,489,982.21. This represents a 0.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 have sold 3,484,214 shares of company stock worth $304,166,848. 8.40% of the stock is currently owned by company insiders.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab completed its 94th Electron mission, successfully deploying Synspective’s StriX Earth-imaging satellite. The launch preserved Rocket Lab’s perfect record for Synspective, which has 16 additional Electron missions booked through 2030, supporting visibility for the company’s launch-services revenue. Rocket Lab launches 94th Electron mission
• Positive Sentiment: Berenberg initiated coverage with a Buy rating, arguing that the space industry could approach $1 trillion and that Rocket Lab is positioned to benefit from launch, satellite and national-security demand. Other bullish commentary points to the company’s record backlog, expanding end-to-end platform and Neutron opportunity. Berenberg initiates coverage
• Positive Sentiment: ARK Invest reportedly purchased roughly $32 million of RKLB shares during the selloff, signaling continued conviction from Cathie Wood. The purchase helped offset investor concern over the stock’s recent decline. Cathie Wood buys Rocket Lab shares
• Neutral Sentiment: Rocket Lab continues to attract attention as a major space stock benefiting from SpaceX-related sector enthusiasm, but upcoming earnings will be important for investors assessing revenue growth, losses and progress toward Neutron.
• Negative Sentiment: Blue Origin won NASA’s approximately $700 million Mars communications contract, beating Rocket Lab. The loss highlights intense competition for high-value government work and removes a potentially significant future program. Blue Origin wins NASA Mars contract
• Negative Sentiment: Analysts and commentators remain concerned that Rocket Lab is spending ahead of Neutron, its larger rocket intended to improve long-term economics, while the inaugural launch has not yet occurred. Technical indicators have also flashed bearish signals, and Bank of America lowered its price target to $110.
• Negative Sentiment: Insider filings show extensive selling and no reported insider purchases over the past six months, including substantial sales by executives. Combined with the stock’s still-elevated valuation and recent losses, the activity may reinforce caution despite strong revenue and backlog growth.

Rocket Lab Price Performance

NASDAQ RKLB opened at $63.81 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The firm has a market capitalization of $38.18 billion, a price-to-earnings ratio of -236.32 and a beta of 2.60. The company has a 50 day simple moving average of $75.64 and a 200-day simple moving average of $84.89. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Equities research analysts predict that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citizens Jmp restated a “market outperform” rating and issued a $130.00 target price on shares of Rocket Lab in a report on Tuesday, August 11th. Roth Capital set a $110.00 target price on Rocket Lab in a report on Tuesday, August 11th. New Street Research started coverage on Rocket Lab in a research report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price target for the company. Craig Hallum lifted their price target on Rocket Lab from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Bank of America cut their price objective on Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.83.

Rocket Lab Company 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.