Mizuho Markets Americas LLC Makes New Investment in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Mizuho Markets Americas LLC purchased a new position in Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 917,750 shares of the rocket manufacturer's stock, valued at approximately $8,930,000. Mizuho Markets Americas LLC owned 0.18% of Rocket Lab USA as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RKLB. Vanguard Group Inc. increased its holdings in shares of Rocket Lab USA by 9.2% in the first quarter. Vanguard Group Inc. now owns 29,000,578 shares of the rocket manufacturer's stock worth $119,192,000 after purchasing an additional 2,448,789 shares during the period. Ieq Capital LLC purchased a new position in Rocket Lab USA in the second quarter worth $5,469,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Rocket Lab USA by 25.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,123,591 shares of the rocket manufacturer's stock worth $10,193,000 after acquiring an additional 432,501 shares in the last quarter. ARK Investment Management LLC grew its position in Rocket Lab USA by 6.6% in the second quarter. ARK Investment Management LLC now owns 6,297,073 shares of the rocket manufacturer's stock worth $30,226,000 after acquiring an additional 391,778 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Rocket Lab USA by 11.1% in the second quarter. American Century Companies Inc. now owns 2,856,973 shares of the rocket manufacturer's stock worth $13,713,000 after acquiring an additional 284,360 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Wall Street Analysts Forecast Growth

RKLB has been the subject of several research reports. Stifel Nicolaus upped their target price on shares of Rocket Lab USA from $15.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of Rocket Lab USA from $4.50 to $5.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. KeyCorp upped their target price on shares of Rocket Lab USA from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Cantor Fitzgerald upped 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 report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Rocket Lab USA from $5.25 to $13.50 and gave the company an "equal weight" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.72.

Insider Buying and Selling

In related news, Director Michael D. Griffin sold 39,446 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $6.90, for a total value of $272,177.40. Following the completion of the transaction, the director now owns 42,353 shares of the company's stock, valued at approximately $292,235.70. This represents a 48.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Arjun Kampani sold 28,563 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $6.96, for a total transaction of $198,798.48. Following the completion of the transaction, the general counsel now directly owns 637,558 shares of the company's stock, valued at $4,437,403.68. This represents a 4.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,521 shares of company stock worth $906,059. 13.70% of the stock is owned by insiders.

Rocket Lab USA Stock Up 9.4 %

Shares of RKLB traded up $1.64 on Friday, hitting $19.00. 42,280,047 shares of the stock traded hands, compared to its average volume of 20,334,120. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.43. The business has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $6.87. Rocket Lab USA, Inc. has a one year low of $3.47 and a one year high of $22.55.

Rocket Lab USA 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.