SG Americas Securities LLC Purchases Shares of 22,448 Rocket Lab USA, Inc. (NASDAQ:RKLB)

SG Americas Securities LLC purchased a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 22,448 shares of the rocket manufacturer’s stock, valued at approximately $124,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Rocket Lab USA by 4.7% in the third quarter. Vanguard Group Inc. now owns 26,100,419 shares of the rocket manufacturer’s stock valued at $114,320,000 after buying an additional 1,167,403 shares in the last quarter. Wellington Management Group LLP boosted its position in Rocket Lab USA by 14.6% in the third quarter. Wellington Management Group LLP now owns 851,280 shares of the rocket manufacturer’s stock valued at $3,729,000 after buying an additional 108,451 shares in the last quarter. American Century Companies Inc. boosted its position in Rocket Lab USA by 12.0% in the third quarter. American Century Companies Inc. now owns 3,701,611 shares of the rocket manufacturer’s stock valued at $16,213,000 after buying an additional 396,501 shares in the last quarter. Deutsche Bank AG boosted its position in Rocket Lab USA by 14.8% in the third quarter. Deutsche Bank AG now owns 135,146 shares of the rocket manufacturer’s stock valued at $592,000 after buying an additional 17,374 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Rocket Lab USA during the third quarter worth approximately $221,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab USA Stock Up 0.3 %

Shares of NASDAQ:RKLB opened at $3.57 on Thursday. Rocket Lab USA, Inc. has a 52 week low of $3.47 and a 52 week high of $8.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 2.13. The company has a market capitalization of $1.75 billion, a PE ratio of -9.39 and a beta of 1.17. The company has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $4.51.

Rocket Lab USA (NASDAQ:RKLB) last issued its earnings results on Tuesday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 30.54%. The firm had revenue of $59.99 million during the quarter, compared to the consensus estimate of $62.90 million. During the same period in the previous year, the company posted ($0.08) EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts forecast that Rocket Lab USA, Inc. will post -0.42 earnings per share for the current year.

Insider Transactions at Rocket Lab USA

In other news, General Counsel Arjun Kampani sold 31,394 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $133,424.50. Following the completion of the sale, the general counsel now owns 695,147 shares of the company’s stock, valued at $2,954,374.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Adam C. Spice sold 67,160 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $285,430.00. Following the completion of the sale, the chief financial officer now owns 1,442,206 shares of the company’s stock, valued at $6,129,375.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Arjun Kampani sold 31,394 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction of $133,424.50. Following the sale, the general counsel now directly owns 695,147 shares of the company’s stock, valued at approximately $2,954,374.75. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 target price on shares of Rocket Lab USA in a research report on Friday, December 22nd. Citigroup reiterated a “buy” rating and set a $6.00 target price on shares of Rocket Lab USA in a research report on Monday, February 12th. KeyCorp initiated coverage on shares of Rocket Lab USA in a research report on Wednesday, January 17th. They set an “overweight” rating and a $8.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating on the stock in a research report on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.46.

Rocket Lab USA Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.