Waverly Advisors LLC Acquires 231,498 Shares of Rocket Lab Corporation $RKLB

Waverly Advisors LLC raised its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 804.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 260,284 shares of the rocket manufacturer’s stock after buying an additional 231,498 shares during the quarter. Waverly Advisors LLC’s holdings in Rocket Lab were worth $26,458,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in Rocket Lab by 5.1% in the second quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock worth $208,000 after acquiring an additional 100 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings 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 valued at $120,000 after acquiring 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 purchasing an additional 125 shares during the period. Parvin Asset Management LLC increased its position in 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 purchasing an additional 140 shares during the period. Finally, Fort Sheridan Advisors LLC increased its position in 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 purchasing an additional 145 shares during the period. 71.78% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Rocket Lab released its IMM Apex space solar cell, which offers 31.5% beginning-of-life efficiency, 40% lower mass and eliminates the need for germanium substrates. The product is designed as a drop-in replacement for existing cells, potentially reducing customer retooling costs while addressing critical-mineral supply constraints. Rocket Lab says it can manufacture the cells in multi-100-kilowatt volumes, supporting growth in satellite demand. Rocket Lab IMM Apex solar-cell release
• Positive Sentiment: Rocket Lab benefited from a broader rally in space stocks after Pivotal Research began coverage of SpaceX with a $220 price target. The move increased investor attention on the sector and helped lift sentiment toward RKLB. Space-stock rally article
• Positive Sentiment: Several reports highlighted bullish analyst views, including price targets materially above recent trading levels. Investors are also watching Rocket Lab’s expanding backlog, military satellite-communications contracts and reported 61.99% year-over-year second-quarter revenue growth. Rocket Lab SDN contracts article
• Neutral Sentiment: Rocket Lab’s Neutron rocket timeline remains a key investor focus, with a potential launch pushed into 2027. The delay gives the company more development time but postpones a major catalyst and increases execution risk. Rocket Lab Neutron timeline article
• Negative Sentiment: Reported insider activity shows numerous open-market sales and no purchases during the past six months, including sales by Chief Executive Peter Beck. That pattern may weigh on sentiment, particularly while RKLB trades at a high valuation and remains unprofitable. Rocket Lab insider-activity article

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America dropped their target price on shares of Rocket Lab from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research report on Friday, July 17th. Citizens Jmp reissued a “market outperform” rating and issued a $130.00 price target on shares of Rocket Lab in a research note on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Finally, New Street Research initiated coverage on shares of Rocket Lab in a report on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.83.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, CAO Agostino Ricupati sold 669 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $46,582.47. Following the sale, the chief accounting officer owned 26,863 shares in the company, valued at approximately $1,870,470.69. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Adam Spice sold 140,157 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total transaction of $8,778,032.91. Following the transaction, the chief financial officer directly owned 1,155,967 shares of the company’s stock, valued at $72,398,213.21. This represents a 10.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,624,371 shares of company stock valued at $312,944,881 over the last three months. 8.40% of the stock is currently owned by corporate insiders.

Rocket Lab Price Performance

RKLB opened at $65.87 on Wednesday. The stock has a fifty day simple moving average of $73.84 and a two-hundred day simple moving average of $84.76. 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 company has a market cap of $39.41 billion, a price-to-earnings ratio of -243.95 and a beta of 2.60. Rocket Lab Corporation has a 12-month low of $37.57 and a 12-month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last announced 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 business had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Research analysts predict that Rocket Lab Corporation will post -0.2 earnings per share for the current fiscal year.

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.