176,960 Shares in Rocket Lab USA, Inc. (NASDAQ:RKLB) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 176,960 shares of the rocket manufacturer's stock, valued at approximately $4,507,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spectrum Wealth Counsel LLC acquired a new position in Rocket Lab USA in the fourth quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Rocket Lab USA during the 4th quarter valued at $40,000. Smartleaf Asset Management LLC lifted its stake in shares of Rocket Lab USA by 1,565.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,015 shares of the rocket manufacturer's stock valued at $53,000 after purchasing an additional 1,894 shares during the period. New Millennium Group LLC boosted its position in shares of Rocket Lab USA by 105.0% in the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer's stock worth $52,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Rocket Lab USA in the 4th quarter worth $58,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RKLB has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Rocket Lab USA from $13.50 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 11th. Stifel Nicolaus increased their target price on shares of Rocket Lab USA from $26.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. KeyCorp decreased their price target on shares of Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Friday. TD Cowen raised Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group increased their price target on Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.61.

Insider Transactions at Rocket Lab USA

In related news, Director Alexander R. Slusky sold 50,000 shares of the 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 approximately $12,297,525. This represents a 8.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nina Armagno sold 10,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $23.63, for a total value of $236,300.00. Following the sale, the director now directly owns 132,294 shares of the company's stock, valued at $3,126,107.22. This represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.70% of the company's stock.

Rocket Lab USA Stock Up 3.1 %

Shares of RKLB stock traded up $0.61 during trading on Friday, reaching $20.44. The company's stock had a trading volume of 37,408,315 shares, compared to its average volume of 20,412,555. The company has a market cap of $10.22 billion, a price-to-earnings ratio of -55.25 and a beta of 1.99. Rocket Lab USA, Inc. has a one year low of $3.47 and a one year high of $33.34. The business has a fifty day moving average price of $26.71 and a 200-day moving average price of $17.91. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The business had revenue of $132.39 million for the quarter, compared to analyst estimates of $130.58 million. Analysts anticipate that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.

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.