Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) by 48.9% in the 4th quarter, HoldingsChannel reports. The firm owned 54,275 shares of the rocket manufacturer’s stock after selling 51,900 shares during the period. J.W. Cole Advisors Inc.’s holdings in Rocket Lab USA were worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Rocket Lab USA by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 26,100,419 shares of the rocket manufacturer’s stock worth $114,320,000 after purchasing an additional 1,167,403 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of Rocket Lab USA during the 3rd quarter worth about $221,000. American Century Companies Inc. boosted its position in shares of Rocket Lab USA by 12.0% during the 3rd quarter. American Century Companies Inc. now owns 3,701,611 shares of the rocket manufacturer’s stock worth $16,213,000 after acquiring an additional 396,501 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Rocket Lab USA by 13.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 256,088 shares of the rocket manufacturer’s stock worth $1,122,000 after acquiring an additional 29,990 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Rocket Lab USA by 25.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 83,514 shares of the rocket manufacturer’s stock worth $366,000 after acquiring an additional 17,181 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RKLB shares. Citigroup reaffirmed a “buy” rating and set a $6.00 price objective on shares of Rocket Lab USA in a research report on Monday, February 12th. Wells Fargo & Company lowered their price objective on Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating for the company in a research report on Thursday, April 4th. Finally, KeyCorp assumed coverage on Rocket Lab USA in a research report on Wednesday, January 17th. They issued an “overweight” rating and a $8.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.46.

Insider Buying and Selling at Rocket Lab USA

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

Rocket Lab USA Stock Up 0.3 %

RKLB opened at $3.69 on Thursday. The business has a 50 day moving average price of $4.14 and a two-hundred day moving average price of $4.48. The company has a quick ratio of 1.65, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. Rocket Lab USA, Inc. has a 52 week low of $3.47 and a 52 week high of $8.05.

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

Rocket Lab USA 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.