Teamwork Financial Advisors LLC Trims Stock Position in Rocket Lab Corporation $RKLB

Teamwork Financial Advisors LLC trimmed its holdings in Rocket Lab Corporation (NASDAQ:RKLB) by 54.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,635 shares of the rocket manufacturer’s stock after selling 13,755 shares during the period. Teamwork Financial Advisors LLC’s holdings in Rocket Lab were worth $812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in shares of Rocket Lab by 176.1% during the 3rd quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock worth $580,952,000 after acquiring an additional 7,734,788 shares during the period. Norges Bank acquired a new position in Rocket Lab during the second quarter worth approximately $164,751,000. Invesco Ltd. raised its stake in Rocket Lab by 67.0% during the second quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock worth $223,287,000 after purchasing an additional 2,504,054 shares during the period. Vanguard Group Inc. raised its stake in Rocket Lab by 5.4% during the third quarter. Vanguard Group Inc. now owns 41,809,723 shares of the rocket manufacturer’s stock worth $2,003,104,000 after purchasing an additional 2,127,565 shares during the period. Finally, Marex Group plc acquired a new position in shares of Rocket Lab in the 2nd quarter valued at $74,359,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC dropped their price objective on Rocket Lab from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 27th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 target price on shares of Rocket Lab in a report on Friday, March 13th. Wall Street Zen raised Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. TD Cowen restated a “buy” rating on shares of Rocket Lab in a research note on Thursday, January 22nd. Finally, Citizens Jmp restated a “market perform” rating on shares of Rocket Lab in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.92.

Rocket Lab Price Performance

RKLB opened at $67.23 on Monday. Rocket Lab Corporation has a 52-week low of $14.71 and a 52-week high of $99.58. The company has a 50 day moving average of $76.31 and a two-hundred day moving average of $63.94. The company has a market cap of $38.15 billion, a P/E ratio of -181.70 and a beta of 2.20. The company has a quick ratio of 3.61, a current ratio of 4.08 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, insider Frank Klein sold 100,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $72.95, for a total value of $7,295,000.00. Following the transaction, the insider directly owned 1,169,487 shares of the company’s stock, valued at $85,314,076.65. This trade represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Arjun Kampani sold 28,761 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $2,001,477.99. Following the transaction, the senior vice president owned 421,699 shares in the company, valued at approximately $29,346,033.41. This represents a 6.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,810,114 shares of company stock worth $136,520,096. Corporate insiders own 11.90% of the company’s stock.

Trending Headlines about Rocket Lab

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

• Positive Sentiment: Won a $190 million U.S. Department of Defense contract for up to 20 HASTE hypersonic launches, which management says helped push Rocket Lab’s backlog past $2 billion — a material, near-term revenue pipeline boost. Rocket Lab Nabs $190 Million Contract For HASTE Launches In Support Of Hypersonic Testing
• Positive Sentiment: Completed a successful Electron launch for Synspective (Rocket Lab’s 84th Electron mission and 8th for Synspective), reinforcing launch cadence and revenue-recurring relationships with constellation customers. Mission Success: Rocket Lab Launches Latest Satellite for Synspective
• Positive Sentiment: Analyst and media bullishness is building around the backlog growth and improving margins, with several outlets arguing the pipeline justifies higher targets and increased investor interest. 1 No-Brainer Space Stock to Buy Before Analysts Drive It to $90 A Share
• Neutral Sentiment: Market commentary highlights Rocket Lab as a high-growth, high-volatility space stock; comparisons to peers and long-term “buy and hold” cases are plentiful but underscore speculative positioning. Rocket Lab Winning The Space Race – High Growth Cadence Triggers Speculative Buy
• Negative Sentiment: Company disclosed an equity raise that has raised investor concerns about dilution; analysts note the growing backlog must be balanced against fresh share issuance risks. Does Rocket Lab’s $2 Billion Backlog Offset Dilution Concerns?
• Negative Sentiment: Short-term market sell-off driven by geopolitical tensions in the Middle East, which lifted macro risk and inflation concerns and weighed on aerospace/defense equities, contributing to today’s weaker trade in RKLB. Why Rocket Lab (RKLB) Stock Is Nosediving

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.