Natixis Has $944,000 Stake in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Natixis decreased its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,055 shares of the rocket manufacturer's stock after selling 38,106 shares during the quarter. Natixis' holdings in Rocket Lab USA were worth $944,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Spectrum Wealth Counsel LLC acquired a new position in shares of Rocket Lab USA during the 4th quarter valued at $25,000. Sandy Spring Bank bought a new position in Rocket Lab USA in the fourth quarter worth approximately $26,000. Wingate Wealth Advisors Inc. acquired a new stake in Rocket Lab USA in the fourth quarter valued at approximately $40,000. NewEdge Advisors LLC increased its holdings in shares of Rocket Lab USA by 1,000.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock valued at $49,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Rocket Lab USA by 1,565.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,015 shares of the rocket manufacturer's stock valued at $53,000 after acquiring an additional 1,894 shares in the last quarter. Institutional investors own 71.78% of the company's stock.

Rocket Lab USA Price Performance

Shares of NASDAQ RKLB opened at $20.33 on Thursday. 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 has a market capitalization of $9.22 billion, a PE ratio of -54.94 and a beta of 2.08. The stock's 50 day moving average price is $19.80 and its 200-day moving average price is $20.98. Rocket Lab USA, Inc. has a twelve month low of $3.56 and a twelve month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The business had revenue of $132.39 million during the quarter, compared to the consensus estimate 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, equities analysts anticipate that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Rocket Lab USA news, insider Frank Klein sold 44,553 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $18.18, for a total value of $809,973.54. Following the completion of the sale, the insider now directly owns 1,419,479 shares of the company's stock, valued at $25,806,128.22. This trade represents a 3.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.70% of the stock is currently owned by corporate insiders.

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.

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