Valeo Financial Advisors LLC Invests $233,000 in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Valeo Financial Advisors LLC purchased a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,163 shares of the rocket manufacturer's stock, valued at approximately $233,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Roman Butler Fullerton & Co. bought a new stake in shares of Rocket Lab USA in the 4th quarter valued at about $191,000. Van ECK Associates Corp lifted its stake in shares of Rocket Lab USA by 26.9% in the 4th quarter. Van ECK Associates Corp now owns 166,369 shares of the rocket manufacturer's stock valued at $4,237,000 after acquiring an additional 35,293 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Rocket Lab USA in the 4th quarter valued at about $40,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Rocket Lab USA in the 4th quarter valued at about $76,000. Finally, Entropy Technologies LP purchased a new position in Rocket Lab USA during the 4th quarter valued at about $1,044,000. Institutional investors own 71.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RKLB. The Goldman Sachs Group boosted their price target on Rocket Lab USA from $12.00 to $13.50 and gave the company a "neutral" rating in a report on Thursday, January 16th. KeyCorp upped their target price on Rocket Lab USA from $27.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Cantor Fitzgerald upped their target price on Rocket Lab USA from $7.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Stifel Nicolaus upped their target price on Rocket Lab USA from $26.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Bank of America upped their target price on Rocket Lab USA from $10.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Rocket Lab USA presently has an average rating of "Moderate Buy" and a consensus target price of $22.28.

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Insider Transactions at Rocket Lab USA

In related news, Director Alexander R. Slusky sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 534,675 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, Director Nina Armagno sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 132,294 shares in the company, valued at $3,126,107.22. This trade represents a 7.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,530 shares of company stock valued at $2,944,700 in the last ninety days. 13.70% of the stock is currently owned by corporate insiders.

Rocket Lab USA Stock Down 6.8 %

Shares of RKLB traded down $1.71 during mid-day trading on Friday, reaching $23.55. The company had a trading volume of 16,180,700 shares, compared to its average volume of 17,805,348. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. The firm has a 50-day moving average price of $27.09 and a 200 day moving average price of $17.27. Rocket Lab USA, Inc. has a 52 week low of $3.47 and a 52 week high of $33.34. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of -63.65 and a beta of 1.99.

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.