94,024 Shares in Rocket Lab USA, Inc. (NASDAQ:RKLB) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 94,024 shares of the rocket manufacturer's stock, valued at approximately $2,395,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RKLB. Geode Capital Management LLC lifted its stake 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 purchasing an additional 898,223 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Rocket Lab USA by 22.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,878,357 shares of the rocket manufacturer's stock valued at $28,006,000 after buying an additional 532,207 shares during the period. American Century Companies Inc. boosted its holdings in shares of Rocket Lab USA by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 2,856,973 shares of the rocket manufacturer's stock worth $13,713,000 after buying an additional 284,360 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Rocket Lab USA during the 2nd quarter worth approximately $5,469,000. Finally, Mizuho Markets Americas LLC bought a new stake in shares of Rocket Lab USA in the 3rd quarter valued at $8,930,000. Institutional investors and hedge funds own 71.78% of the company's stock.

Insider Transactions at Rocket Lab USA

In other Rocket Lab USA news, General Counsel Arjun Kampani sold 28,562 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.15, for a total value of $689,772.30. Following the completion of the transaction, the general counsel now owns 608,996 shares in the company, valued at $14,707,253.40. This represents a 4.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander R. Slusky sold 50,000 shares of Rocket Lab USA stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $23.00, for a total value of $1,150,000.00. Following the sale, the director now owns 534,675 shares in the company, valued at $12,297,525. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,114,530 shares of company stock worth $38,168,400 in the last quarter. 13.70% of the stock is currently owned by corporate insiders.

Rocket Lab USA Stock Down 1.6 %

NASDAQ RKLB traded down $0.45 on Friday, reaching $26.91. The company had a trading volume of 15,304,898 shares, compared to its average volume of 18,567,434. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. The company's fifty day moving average is $22.88 and its 200 day moving average is $12.69. Rocket Lab USA, Inc. has a 52-week low of $3.47 and a 52-week high of $30.26. The stock has a market capitalization of $13.45 billion, a P/E ratio of -72.73 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RKLB shares. Cantor Fitzgerald increased their target price on shares of Rocket Lab USA from $7.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. KeyCorp raised their target price 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. Citigroup upped their price target on Rocket Lab USA from $13.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Stifel Nicolaus increased their price target on Rocket Lab USA from $26.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Rocket Lab USA from $13.50 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rocket Lab USA currently has an average rating of "Moderate Buy" and a consensus target price of $18.44.

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.