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

Teamwork Financial Advisors LLC decreased its position in Rocket Lab Corporation (NASDAQ:RKLB) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,635 shares of the rocket manufacturer’s stock after selling 13,755 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Rocket Lab were worth $812,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RKLB. Wilmington Savings Fund Society FSB purchased a new position in shares of Rocket Lab in the third quarter valued at $25,000. Hara Capital LLC acquired a new stake in Rocket Lab during the 3rd quarter valued at $25,000. Aventura Private Wealth LLC purchased a new stake in Rocket Lab during the 4th quarter worth $25,000. UMB Bank n.a. lifted its holdings in Rocket Lab by 352.5% in the 3rd quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after buying an additional 423 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Rocket Lab in the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Insider Buying and Selling at Rocket Lab

In other news, CEO Peter Beck sold 18,857 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $1,312,258.63. Following the transaction, the chief executive officer owned 884,085 shares of the company’s stock, valued at approximately $61,523,475.15. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frank Klein sold 100,000 shares of Rocket Lab 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 completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,810,114 shares of company stock valued at $136,520,096. Corporate insiders own 11.90% of the company’s stock.

Rocket Lab Price Performance

Shares of RKLB stock opened at $67.23 on Monday. The firm 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 debt-to-equity ratio of 0.10, a current ratio of 4.08 and a quick ratio of 3.61. Rocket Lab Corporation has a 1-year low of $14.71 and a 1-year high of $99.58. The firm has a fifty day moving average of $76.31 and a two-hundred day moving average of $63.94.

Wall Street Analyst Weigh In

RKLB has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Rocket Lab from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Needham & Company LLC cut their price target on Rocket Lab from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. The Goldman Sachs Group increased their price target on Rocket Lab from $47.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Morgan Stanley upgraded Rocket Lab from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $67.00 to $105.00 in a research note on Friday, January 16th. Finally, Clear Str upgraded Rocket Lab to a “strong-buy” rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.92.

More Rocket Lab News

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.