Wealthfront Advisers LLC Makes New $20.18 Million Investment in Rocket Lab Corporation $RKLB

Wealthfront Advisers LLC bought a new stake in Rocket Lab Corporation (NASDAQ:RKLB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 198,490 shares of the rocket manufacturer’s stock, valued at approximately $20,177,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock worth $3,308,033,000 after acquiring an additional 5,610,469 shares during the period. BlackRock Inc. acquired a new position in shares of Rocket Lab during the second quarter worth $4,124,970,000. Capital World Investors lifted its position in shares of Rocket Lab by 12.0% during the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock worth $1,130,172,000 after purchasing an additional 1,738,623 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Rocket Lab in the second quarter valued at $245,764,000. Finally, State Street Corp boosted its stake in shares of Rocket Lab by 1.0% in the fourth quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock valued at $873,411,000 after purchasing an additional 120,652 shares during the period. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: The U.S. Space Force added Rocket Lab to its Space Data Network Consortium and awarded the company $12 million in contracts supporting a secure, high-speed military communications network. The selection expands Rocket Lab’s role in defense and could lead to additional work. Space Force Selects Rocket Lab For Space Data Network Consortium
• Positive Sentiment: Rocket Lab was also onboarded to the Space Force’s $981 million NITE-STAR indefinite-delivery contract for space test and training infrastructure. The ceiling is not guaranteed revenue, since Rocket Lab must compete for task orders, but the program creates a sizable pipeline for its satellite, software and mission-operations businesses. Rocket Lab NITE-STAR Program
• Positive Sentiment: Viasat selected Rocket Lab to build the satellite bus for a maneuverable, anti-jam spacecraft supporting the Space Force’s Protected Tactical SATCOM-Global program. The win reinforces Rocket Lab’s transition from a launch provider into a broader defense and space-systems contractor. Viasat Selects Rocket Lab
• Positive Sentiment: Rocket Lab successfully launched and deployed eight satellites built for MDA Space under a $143 million, 17-satellite Globalstar constellation contract. The milestone demonstrates execution across both satellite manufacturing and launch services. Rocket Lab launches eight Globalstar satellites
• Neutral Sentiment: The company is promoting GHOST, a deployable system intended to support responsive orbital and suborbital missions worldwide. The technology could improve Rocket Lab’s defense-market capabilities, although the reports provide limited detail on revenue or contract commitments. Can GHOST Strengthen Rocket Lab’s Responsive Launch Capabilities?
• Negative Sentiment: Trading pressure reflected weakness across major space stocks, suggesting sector-wide profit-taking rather than a Rocket Lab-specific operational setback.
• Negative Sentiment: Rocket Lab remains unprofitable, with the latest quarterly EPS loss worse than analysts expected despite revenue of approximately $234 million, up 62% year over year. Its roughly $47 billion market capitalization and negative earnings leave the stock vulnerable to valuation-driven pullbacks.
• Negative Sentiment: Reported insider activity shows executives have made numerous open-market sales and no purchases during the past six months. While sales may reflect compensation or diversification, the pattern can weigh on investor sentiment at an elevated share price.

Rocket Lab Stock Down 3.6%

RKLB stock opened at $79.16 on Wednesday. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $83.88 and a 200-day simple moving average of $85.42. The company has a market capitalization of $47.37 billion, a P/E ratio of -293.17 and a beta of 2.60. Rocket Lab Corporation has a twelve month low of $37.57 and a twelve month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The company had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. On average, equities research analysts predict that Rocket Lab Corporation will post -0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rocket Lab news, Director Alexander R. Slusky sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $149.40, for a total transaction of $8,964,000.00. Following the sale, the director owned 374,675 shares in the company, valued at $55,976,445. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Peter Beck sold 1,298,622 shares of the 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 transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,749,294 shares of company stock valued at $351,008,208. 8.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

RKLB has been the topic of several analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of Rocket Lab in a research report on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Needham & Company LLC reaffirmed a “buy” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus set a $132.00 price target on Rocket Lab in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rocket Lab presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.65.

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.