First Trust Advisors LP Has $75.78 Million Stock Position in Rocket Lab Corporation $RKLB

First Trust Advisors LP lowered its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 20.1% during the first quarter, Holdings Channel reports. The firm owned 1,180,079 shares of the rocket manufacturer’s stock after selling 296,041 shares during the period. First Trust Advisors LP’s holdings in Rocket Lab were worth $75,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mcguire Capital Advisors Inc. acquired a new stake in Rocket Lab during the fourth quarter worth about $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Rocket Lab in the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Rocket Lab by 109.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after acquiring an additional 416 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Rocket Lab during the 4th quarter worth approximately $29,000. Finally, Reflection Asset Management acquired a new stake in shares of Rocket Lab during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

More Rocket Lab News

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

• Positive Sentiment: Rocket Lab continues to win new business, including NASA science launch contracts and a broader defense backlog that supports its long-term growth story. 2 Missions, 3 Launches, and Up to $300 Million for Rocket Lab
• Positive Sentiment: Some analysts and commentators argue the recent selloff may be overdone, pointing to Rocket Lab’s growing defense business, launch momentum, and Neutron development as reasons to buy the dip. A $266 Million Reason to Buy Rocket Lab Stock Here
• Neutral Sentiment: Rocket Lab announced it will report second-quarter 2026 results on August 10, which could become the next major catalyst for the stock. Rocket Lab Announces Date of Second Quarter 2026 Financial Results
• Neutral Sentiment: Rocket Lab’s short-interest update was essentially a data anomaly, showing zero short shares and offering little meaningful new information for investors.
• Negative Sentiment: Shares are also being dragged down by a broader space-stock selloff tied to weakness in SpaceX-related trading and investor anxiety ahead of a Starship test flight. SpaceX Drops 5%, Rocket Lab Falls 7%, AST SpaceMobile Slides 4% as Jittery Market Awaits Tonight’s Crucial Test Flight
• Negative Sentiment: Investors are still debating whether Rocket Lab is too expensive even after its sharp pullback, suggesting valuation remains a headwind. Rocket Lab Has Corrected Nearly 50%. Is It Still Too Expensive?

Insider Activity

In related news, insider Frank Klein sold 36,860 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $147.42, for a total transaction of $5,433,901.20. Following the sale, the insider owned 1,006,987 shares of the company’s stock, valued at $148,450,023.54. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alexander R. Slusky sold 40,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total value of $4,944,000.00. Following the sale, the director owned 334,675 shares in the company, valued at $41,365,830. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,849,294 shares of company stock valued at $362,816,208. 8.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RKLB. KGI Securities began coverage on shares of Rocket Lab in a research note on Thursday, June 11th. They issued a “neutral” rating and a $105.00 price objective on the stock. BTIG Research restated a “hold” rating on shares of Rocket Lab in a research note on Tuesday, May 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Rocket Lab in a report on Tuesday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, July 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rocket Lab has a consensus rating of “Moderate Buy” and a consensus price target of $110.18.

Rocket Lab Trading Down 8.7%

Shares of Rocket Lab stock opened at $63.91 on Friday. The firm has a market capitalization of $36.99 billion, a PE ratio of -199.72 and a beta of 2.54. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $102.42 and its 200 day moving average is $87.03. Rocket Lab Corporation has a 1 year low of $37.57 and a 1 year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The firm’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) EPS. Equities research analysts forecast that Rocket Lab Corporation will post -0.26 earnings per share for the current fiscal year.

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.