67,492 Shares in Rocket Lab USA, Inc. (NASDAQ:RKLB) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) during the fourth quarter, Holdings Channel reports. The fund bought 67,492 shares of the rocket manufacturer’s stock, valued at approximately $1,719,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Rocket Lab USA by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 36,195,577 shares of the rocket manufacturer’s stock worth $921,901,000 after purchasing an additional 668,093 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Rocket Lab USA by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 8,285,693 shares of the rocket manufacturer’s stock valued at $211,084,000 after buying an additional 32,658 shares during the last quarter. FMR LLC lifted its position in shares of Rocket Lab USA by 30,853.3% during the fourth quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer’s stock valued at $94,141,000 after buying an additional 3,684,195 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Rocket Lab USA by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,902,212 shares of the rocket manufacturer’s stock worth $73,919,000 after buying an additional 23,855 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Rocket Lab USA by 41.1% in the 4th quarter. Invesco Ltd. now owns 2,394,732 shares of the rocket manufacturer’s stock worth $60,994,000 after buying an additional 697,574 shares during the last quarter. Institutional investors own 71.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RKLB shares. Wells Fargo & Company lowered their target price on shares of Rocket Lab USA from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. TD Cowen upgraded Rocket Lab USA to a “strong-buy” rating in a research note on Monday, February 24th. KeyCorp reduced their target price on Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Morgan Stanley raised their price target on Rocket Lab USA from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Rocket Lab USA from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.72.

Insider Activity at Rocket Lab USA

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

Rocket Lab USA Stock Down 2.5 %

RKLB stock opened at $19.13 on Tuesday. The company has a market capitalization of $8.68 billion, a P/E ratio of -51.70 and a beta of 2.08. Rocket Lab USA, Inc. has a 12 month low of $3.47 and a 12 month high of $33.34. The firm’s fifty day simple moving average is $20.99 and its 200-day simple moving average is $20.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $132.39 million for the quarter, compared to analyst estimates of $130.58 million. Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. As a group, equities research analysts forecast that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.

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.