McGuire Investment Group LLC Takes Position in Rocket Lab USA, Inc. (NASDAQ:RKLB)

McGuire Investment Group LLC purchased a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,188 shares of the rocket manufacturer's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also bought and sold shares of RKLB. Amalgamated Bank raised its holdings in shares of Rocket Lab USA by 26.7% during the second quarter. Amalgamated Bank now owns 12,038 shares of the rocket manufacturer's stock worth $58,000 after purchasing an additional 2,538 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Rocket Lab USA during the 2nd quarter worth about $76,000. Allworth Financial LP raised its stake in shares of Rocket Lab USA by 1,827.6% during the 3rd quarter. Allworth Financial LP now owns 9,484 shares of the rocket manufacturer's stock valued at $92,000 after buying an additional 8,992 shares during the last quarter. Smith Anglin Financial LLC acquired a new position in shares of Rocket Lab USA in the 3rd quarter valued at about $104,000. Finally, Xponance Inc. lifted its holdings in shares of Rocket Lab USA by 29.1% in the 2nd quarter. Xponance Inc. now owns 22,185 shares of the rocket manufacturer's stock valued at $106,000 after buying an additional 4,997 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab USA Price Performance

RKLB stock traded down $1.21 during trading on Friday, hitting $30.36. The stock had a trading volume of 23,808,445 shares, compared to its average volume of 16,796,540. Rocket Lab USA, Inc. has a twelve month low of $3.47 and a twelve 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 company's 50-day moving average price is $25.29 and its two-hundred day moving average price is $14.12. The stock has a market capitalization of $15.18 billion, a P/E ratio of -82.05 and a beta of 1.98.

Analyst Ratings Changes

Several research analysts recently weighed in on RKLB shares. KeyCorp lifted their price target on Rocket Lab USA from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Bank of America lifted their target price on shares of Rocket Lab USA from $10.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Stifel Nicolaus raised their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, TD Cowen upgraded Rocket Lab USA to a "strong-buy" rating in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.06.

Insider Buying and Selling

In other Rocket Lab USA news, insider Frank Klein sold 35,968 shares of Rocket Lab USA stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.15, for a total transaction of $868,627.20. Following the transaction, the insider now directly owns 1,464,032 shares of the company's stock, valued at $35,356,372.80. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander R. Slusky sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $23.00, for a total transaction of $1,150,000.00. Following the completion of the sale, the director now directly owns 534,675 shares of the company's stock, valued at approximately $12,297,525. This trade represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,114,530 shares of company stock worth $38,168,400. 13.70% of the stock is owned by insiders.

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.