Rocket Lab USA, Inc. (NASDAQ:RKLB) Holdings Decreased by Barclays PLC

Barclays PLC reduced its holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 20.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,184,394 shares of the rocket manufacturer's stock after selling 560,125 shares during the quarter. Barclays PLC owned approximately 0.44% of Rocket Lab USA worth $21,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RKLB. Allworth Financial LP boosted its holdings in shares of Rocket Lab USA by 1,827.6% in the 3rd quarter. Allworth Financial LP now owns 9,484 shares of the rocket manufacturer's stock valued at $92,000 after purchasing an additional 8,992 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Rocket Lab USA in the second quarter valued at $46,000. Smith Anglin Financial LLC purchased a new stake in Rocket Lab USA during the third quarter valued at about $104,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in Rocket Lab USA during the third quarter worth about $107,000. Finally, Tamar Securities LLC acquired a new stake in Rocket Lab USA during the third quarter worth about $108,000. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab USA Stock Up 8.1 %

RKLB stock traded up $1.84 during trading on Friday, reaching $24.42. The stock had a trading volume of 18,758,537 shares, compared to its average volume of 25,292,344. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of $16.57 and a 200 day moving average price of $9.59. The company has a market capitalization of $12.21 billion, a P/E ratio of -66.00 and a beta of 1.96. Rocket Lab USA, Inc. has a 1-year low of $3.47 and a 1-year high of $28.10.

Insider Transactions at Rocket Lab USA

In other news, Director Matthew Ocko sold 2,000,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $17.73, for a total transaction of $35,460,000.00. Following the completion of the sale, the director now owns 2,351,135 shares of the company's stock, valued at approximately $41,685,623.55. This trade represents a 45.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank Klein sold 35,968 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.15, for a total transaction of $868,627.20. Following the completion of the sale, the insider now directly owns 1,464,032 shares in the company, valued at $35,356,372.80. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,114,530 shares of company stock valued at $38,168,400. 13.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RKLB shares. KeyCorp lifted their price objective on Rocket Lab USA from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Cantor Fitzgerald lifted their price target on shares of Rocket Lab USA from $7.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of Rocket Lab USA from $5.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. JMP Securities assumed coverage on shares of Rocket Lab USA in a report on Thursday, September 12th. They set a "market perform" rating on the stock. Finally, Bank of America upped their price target on shares of Rocket Lab USA from $10.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.44.

About Rocket Lab USA

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.