Rathbones Group PLC Acquires Shares of 13,583 Rocket Lab USA, Inc. (NASDAQ:RKLB)

Rathbones Group PLC purchased a new stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,583 shares of the rocket manufacturer's stock, valued at approximately $346,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of Rocket Lab USA by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,253,035 shares of the rocket manufacturer's stock valued at $80,317,000 after buying an additional 898,223 shares during the period. National Bank of Canada FI lifted its position in shares of Rocket Lab USA by 149.2% during the third quarter. National Bank of Canada FI now owns 50,408 shares of the rocket manufacturer's stock worth $490,000 after purchasing an additional 30,178 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Rocket Lab USA by 22.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 227,438 shares of the rocket manufacturer's stock worth $2,213,000 after purchasing an additional 41,551 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Rocket Lab USA in the third quarter valued at approximately $107,000. Finally, Udine Wealth Management Inc. acquired a new position in shares of Rocket Lab USA in the fourth quarter valued at approximately $1,342,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Frank Klein sold 1,835 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the completion of the sale, the insider now owns 1,417,644 shares in the company, valued at $28,253,644.92. This represents a 0.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.70% of the stock is currently owned by company insiders.

Rocket Lab USA Stock Down 2.0 %

Shares of NASDAQ:RKLB traded down $0.39 during trading on Monday, hitting $19.24. 5,423,070 shares of the company were exchanged, compared to its average volume of 15,139,179. The firm's 50 day moving average price is $21.18 and its 200-day moving average price is $20.57. Rocket Lab USA, Inc. has a 12-month low of $3.47 and a 12-month high of $33.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The stock has a market capitalization of $8.73 billion, a P/E ratio of -52.00 and a beta of 2.08.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The company had revenue of $132.39 million during the quarter, compared to analysts' expectations of $130.58 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. On average, research analysts predict that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley raised their price target on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Stifel Nicolaus boosted their target price on Rocket Lab USA from $26.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Citigroup reduced their price target on Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company lowered their price objective on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen raised shares of Rocket Lab USA to a "strong-buy" rating in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Rocket Lab USA has a consensus rating of "Moderate Buy" and an average price target of $22.72.

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.