FirstWave Capital Management LLC Takes Position in Rocket Lab Corporation $RKLB

Posted by Geri Gentry on Sep 5th, 2026

FirstWave Capital Management LLC purchased a new position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 18,492 shares of the rocket manufacturer’s stock, valued at approximately $1,880,000.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Rocket Lab by 5.1% in the 2nd 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 last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of 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 purchasing an additional 124 shares during the last quarter. Sovereign Financial Group Inc. raised its stake in 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 purchasing an additional 125 shares in the last quarter. Parvin Asset Management LLC raised its stake in Rocket Lab by 4.0% in the first 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 in the last quarter. Finally, Fort Sheridan Advisors LLC lifted its position in Rocket Lab by 2.8% during the fourth 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 last quarter. Institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of Rocket Lab in a research report on Tuesday, July 28th. KeyCorp restated an “overweight” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Stifel Nicolaus set a $132.00 price target on Rocket Lab in a research note on Thursday, June 4th. Bank of America reduced their price objective on Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Finally, Craig Hallum raised their price objective on Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.83.

Read Our Latest Stock Report on RKLB

Rocket Lab Stock Performance

Rocket Lab stock opened at $64.26 on Friday. The firm has a market cap of $38.45 billion, a P/E ratio of -237.99 and a beta of 2.60. The firm has a 50-day moving average of $75.23 and a 200-day moving average of $84.74. Rocket Lab Corporation has a 1-year low of $37.57 and a 1-year high of $151.00. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01.

Rocket Lab (NASDAQ:RKLB – Get Free Report) last posted its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. Sell-side analysts expect that Rocket Lab Corporation will post -0.2 EPS for the current year.

Key Rocket Lab News

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

Positive Sentiment: Berenberg upgraded Rocket Lab to “strong buy.” The bank cited the expanding space economy and the company’s growth prospects, helping improve sentiment after the stock’s sharp recent decline. Why Is RKLB Stock Rising Today and How Much Upside Do Analysts See?
Positive Sentiment: ARK Invest purchased 705,102 Rocket Lab shares across two trading sessions, according to fund disclosures. Cathie Wood’s buying may be viewed as validation of Rocket Lab’s long-term potential and could attract additional momentum-oriented investors. Cathie Wood Just Bought 705,102 Shares of a Rocket Company 50 Times Smaller Than SpaceX
Positive Sentiment: Rocket Lab’s commercial base remains substantial. Articles highlighted nearly $2.4 billion in launch backlog, a new major launch contract and the company’s 94th successful launch, including a perfect record on Synspective missions and 16 additional missions booked through 2030. Rocket Lab Scores 94th Launch Win
Neutral Sentiment: Neutron remains the central investment catalyst. The reusable medium-lift rocket could significantly expand Rocket Lab’s addressable market, but reports suggest its first launch could slip into 2027. The delay would give the company more time for testing but postpone a potentially transformative revenue opportunity. Peter Beck’s Neutron Rocket Could Slip to 2027
Negative Sentiment: Investors remain concerned about valuation and cash use. Rocket Lab has fallen roughly 49% over three months, while spending ahead of Neutron’s debut. The company remains unprofitable, and its high valuation leaves limited room for execution setbacks. How Long Can Rocket Lab Stock Wait on Neutron?
Negative Sentiment: Competitive and governance concerns persist. Blue Origin’s win of NASA’s $700 million Mars communications contract highlights intense competition, while a reported $8.8 million CFO share sale and prior analyst skepticism add to investor caution.

Insiders Place Their Bets

In other Rocket Lab news, insider Marvin Clevenger sold 15,051 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the completion of the transaction, the insider owned 458,924 shares of the company’s stock, valued at approximately $31,954,878.12. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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, insider Frank Klein sold 45,692 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $3,181,533.96. Following the completion of the sale, the insider directly owned 961,295 shares in the company, valued at $66,934,970.85. This represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold 3,624,371 shares of company stock valued at $312,944,881 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.

Rocket Lab Company Profile

(Free Report)

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.