Connective Portfolio Management LLC Sells 19,000 Shares of Rocket Lab Corporation $RKLB

Connective Portfolio Management LLC reduced its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 39.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,000 shares of the rocket manufacturer’s stock after selling 19,000 shares during the quarter. Rocket Lab comprises about 2.4% of Connective Portfolio Management LLC’s portfolio, making the stock its 16th biggest position. Connective Portfolio Management LLC’s holdings in Rocket Lab were worth $1,363,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Rocket Lab by 67.0% during the second quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock valued at $223,287,000 after buying an additional 2,504,054 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Rocket Lab in the second quarter valued at about $192,918,000. Norges Bank purchased a new stake in Rocket Lab in the second quarter worth about $164,751,000. American Century Companies Inc. grew its holdings in Rocket Lab by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 2,251,130 shares of the rocket manufacturer’s stock worth $80,523,000 after acquiring an additional 131,996 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Rocket Lab by 6.4% during the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer’s stock valued at $38,057,000 after purchasing an additional 128,907 shares during the period. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab News Roundup

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. Rocket Lab Corporation has a 1-year low of $14.71 and a 1-year high of $79.83. The business has a fifty day moving average price of $55.35 and a 200-day moving average price of $48.71. 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 price-to-earnings ratio of -185.92 and a beta of 2.20.

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

Wall Street Analyst Weigh In

RKLB has been the subject of several recent research reports. Needham & Company LLC boosted their price target on shares of Rocket Lab from $63.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp upped their target price on Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, December 3rd. Stifel Nicolaus boosted their price target on Rocket Lab from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Citigroup restated a “market perform” rating on shares of Rocket Lab in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.25.

Insider Buying and Selling

In other news, SVP Arjun Kampani sold 10,554 shares of Rocket Lab stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $42.08, for a total transaction of $444,112.32. Following the completion of the sale, the senior vice president directly owned 450,460 shares in the company, valued at approximately $18,955,356.80. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Peter Beck sold 939,746 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $54.73, for a total value of $51,432,298.58. The SEC filing for this sale provides additional information. Insiders sold 2,729,485 shares of company stock worth $151,832,870 over the last ninety days. Company insiders own 11.90% of the company’s stock.

About Rocket Lab

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.