Charles Schwab Investment Management Inc. Has $11.51 Million Stock Holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Charles Schwab Investment Management Inc. raised its stake in Rocket Lab USA, Inc. (NASDAQ:RKLBFree Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,081,839 shares of the rocket manufacturer’s stock after buying an additional 24,232 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.43% of Rocket Lab USA worth $11,513,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in shares of Rocket Lab USA during the 4th quarter worth $34,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Rocket Lab USA during the 3rd quarter worth $40,000. CenterBook Partners LP acquired a new position in shares of Rocket Lab USA during the 3rd quarter worth $44,000. MQS Management LLC acquired a new position in shares of Rocket Lab USA during the 3rd quarter worth $44,000. Finally, Rathbones Group PLC acquired a new position in shares of Rocket Lab USA during the 3rd quarter worth $48,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RKLB. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price objective on shares of Rocket Lab USA in a report on Tuesday. Citigroup decreased their price objective on shares of Rocket Lab USA from $6.00 to $5.45 and set a “buy” rating for the company in a report on Tuesday, May 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating for the company in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Rocket Lab USA has a consensus rating of “Moderate Buy” and an average price target of $7.39.

Read Our Latest Stock Analysis on Rocket Lab USA

Rocket Lab USA Price Performance

Shares of Rocket Lab USA stock opened at $4.18 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.12 and a quick ratio of 2.69. Rocket Lab USA, Inc. has a fifty-two week low of $3.47 and a fifty-two week high of $8.05. The firm has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $4.44. The company has a market cap of $2.06 billion, a PE ratio of -11.30 and a beta of 1.18.

Rocket Lab USA (NASDAQ:RKLBGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The rocket manufacturer reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Rocket Lab USA had a negative net margin of 64.15% and a negative return on equity of 32.50%. The firm had revenue of $92.80 million during the quarter, compared to the consensus estimate of $94.98 million. During the same period in the prior year, the firm earned ($0.10) EPS. The business’s revenue was up 69.0% on a year-over-year basis. Analysts expect that Rocket Lab USA, Inc. will post -0.41 EPS for the current year.

Insider Activity

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 value of $285,430.00. Following the completion of the transaction, the chief financial officer now owns 1,442,206 shares in the company, valued at approximately $6,129,375.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, General Counsel Arjun Kampani sold 29,026 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $4.22, for a total value of $122,489.72. Following the completion of the transaction, the general counsel now owns 666,121 shares in the company, valued at approximately $2,811,030.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the chief financial officer now owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,109 shares of company stock worth $809,437. 13.70% of the stock is currently owned by corporate insiders.

Rocket Lab USA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rocket Lab USA (NASDAQ:RKLB)

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