Rocket Lab USA, Inc. (NASDAQ:RKLB) Director Nina Armagno Sells 10,000 Shares

Rocket Lab USA, Inc. (NASDAQ:RKLB) Director Nina Armagno sold 10,000 shares of the firm’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 transaction of $236,300.00. Following the completion of the transaction, the director now owns 132,294 shares of the company’s stock, valued at $3,126,107.22. This trade represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rocket Lab USA Stock Down 3.2 %

RKLB opened at $27.68 on Friday. 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 stock’s 50 day simple moving average is $26.28 and its 200 day simple moving average is $15.49. Rocket Lab USA, Inc. has a 1 year low of $3.47 and a 1 year high of $33.34.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RKLB. KeyCorp upped their price target on shares of Rocket Lab USA from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus raised their price target on Rocket Lab USA from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. 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 report on Wednesday, December 11th. TD Cowen upgraded Rocket Lab USA to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Bank of America upped their price objective 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 investment 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.28.

Institutional Trading of Rocket Lab USA

Institutional investors have recently made changes to their positions in the stock. Spectrum Wealth Counsel LLC bought a new stake in Rocket Lab USA during the 4th quarter valued at $25,000. Wingate Wealth Advisors Inc. bought a new stake in Rocket Lab USA in the 4th quarter worth $40,000. Smartleaf Asset Management LLC increased its position in shares of Rocket Lab USA by 1,565.3% in 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 during the period. New Millennium Group LLC raised its stake in shares of Rocket Lab USA by 105.0% during the fourth quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer’s stock valued at $52,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Rocket Lab USA during the fourth quarter worth about $58,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

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.