Rocket Lab Corporation $RKLB Shares Sold by Connective Portfolio Management LLC

Connective Portfolio Management LLC lowered its position in Rocket Lab Corporation (NASDAQ:RKLB) by 39.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,000 shares of the rocket manufacturer’s stock after selling 19,000 shares during the period. Rocket Lab makes up approximately 2.4% of Connective Portfolio Management LLC’s investment portfolio, making the stock its 16th largest holding. Connective Portfolio Management LLC’s holdings in Rocket Lab were worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RKLB. Russell Investments Group Ltd. lifted its stake in Rocket Lab by 4,904.6% during the 1st quarter. Russell Investments Group Ltd. now owns 19,668 shares of the rocket manufacturer’s stock valued at $352,000 after acquiring an additional 19,275 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Rocket Lab by 166.5% during the first quarter. Raymond James Financial Inc. now owns 601,497 shares of the rocket manufacturer’s stock worth $10,755,000 after purchasing an additional 375,831 shares during the last quarter. Comerica Bank raised its holdings in shares of Rocket Lab by 2.5% during the first quarter. Comerica Bank now owns 370,222 shares of the rocket manufacturer’s stock worth $6,620,000 after purchasing an additional 8,858 shares during the last quarter. Magnetar Financial LLC acquired a new position in Rocket Lab during the first quarter valued at $1,211,000. Finally, Vident Advisory LLC boosted its holdings in Rocket Lab by 190.2% in the first quarter. Vident Advisory LLC now owns 589,410 shares of the rocket manufacturer’s stock valued at $10,539,000 after purchasing an additional 386,285 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab News Summary

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

• Positive Sentiment: Report that Rocket Lab jumped on a possible roughly $1B U.S. Space Development Agency (SDA) deal — this is the primary bullish fundamental catalyst cited for the recent surge; the contract would materially boost backlog if confirmed. Rocket Lab (RKLB) jumps 17.7% on possible billion-$ US SDA deal
• Positive Sentiment: Technical breakout: IBD says Rocket Lab cleared a buy point and satisfied the eight‑week hold rule after the contract news — a bullish technical signal that drew momentum buyers. Rocket Lab Takes Off On Contract Win, Triggers This Rare Bullish Signal
• Neutral Sentiment: An analyst is reworking price targets after RKLB hit record highs — could mean upgrades or refreshed guidance sensitivity, but impact depends on final published target and rationale. Rocket Lab analyst rethinks stock target after hitting record high
• Neutral Sentiment: Reported short‑interest data are anomalous (showing zero in the snapshot), so they don’t provide clear insight into crowd positioning; treat that metric cautiously until clarified by regular reporting sources.
• Negative Sentiment: Sectorwide pullback: Benzinga notes RKLB is cooling off as space-related stocks retrace year‑end gains — this broad weakness is a likely reason for today’s decline even after the positive headlines. Rocket Lab Stock Cools Off As Sector Pulls Back From Year‑End Rally
• Negative Sentiment: Insider selling: Director Nina Armagno sold ~27,314 shares in mid‑December — a sizable sale that may add to short‑term selling pressure or feed cautious sentiment among some investors. Nina Armagno Sells 27,314 Shares of Rocket Lab (NASDAQ:RKLB) Stock

Rocket Lab Stock Down 8.5%

Rocket Lab stock opened at $70.65 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83. The stock has a market capitalization of $37.74 billion, a PE ratio of -185.92 and a beta of 2.20. The business has a 50 day simple moving average of $55.35 and a 200-day simple moving average of $48.71. Rocket Lab Corporation has a 12 month low of $14.71 and a 12 month high of $79.83.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $155.08 million for the quarter, compared to analysts’ expectations of $152.45 million. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS. On average, analysts anticipate that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RKLB has been the subject of a number of recent research reports. Wall Street Zen lowered Rocket Lab from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Roth Capital reaffirmed a “buy” rating and set a $75.00 target price on shares of Rocket Lab in a report on Tuesday, November 11th. Needham & Company LLC boosted their price target on Rocket Lab from $63.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley cut their target price on shares of Rocket Lab from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rocket Lab has a consensus rating of “Moderate Buy” and an average price target of $61.25.

Insider Buying and Selling at Rocket Lab

In related news, CEO Peter Beck sold 939,746 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $54.73, for a total transaction of $51,432,298.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank Klein sold 4,736 shares of Rocket Lab stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $42.08, for a total value of $199,290.88. Following the completion of the sale, the insider owned 1,269,487 shares in the company, valued at approximately $53,420,012.96. The trade was a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,729,485 shares of company stock valued at $151,832,870. Corporate insiders own 11.90% of the company’s stock.

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.