PFG Investments LLC Has $264,000 Stake in Rocket Lab USA, Inc. (NASDAQ:RKLB)

PFG Investments LLC lessened its stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,359 shares of the rocket manufacturer’s stock after selling 791 shares during the period. PFG Investments LLC’s holdings in Rocket Lab USA were worth $264,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. McGuire Investment Group LLC bought a new stake in shares of Rocket Lab USA during the fourth quarter worth $310,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Rocket Lab USA by 52.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 37,728 shares of the rocket manufacturer’s stock worth $961,000 after purchasing an additional 13,040 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in Rocket Lab USA during the 4th quarter valued at about $4,725,000. Avior Wealth Management LLC boosted its stake in shares of Rocket Lab USA by 478.6% in the 4th quarter. Avior Wealth Management LLC now owns 6,966 shares of the rocket manufacturer’s stock valued at $177,000 after purchasing an additional 5,762 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Rocket Lab USA by 134.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,290 shares of the rocket manufacturer’s stock worth $237,000 after buying an additional 5,325 shares during the period. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Alexander R. Slusky sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were 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 of the company’s stock, valued at $12,297,525. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Arjun Kampani sold 28,562 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.15, for a total transaction of $689,772.30. Following the transaction, the general counsel now owns 608,996 shares of the company’s stock, valued at $14,707,253.40. The trade was a 4.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,114,530 shares of company stock worth $38,168,400 over the last ninety days. Company insiders own 13.70% of the company’s stock.

Rocket Lab USA Stock Performance

Shares of RKLB stock opened at $29.05 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. Rocket Lab USA, Inc. has a 52 week low of $3.47 and a 52 week high of $33.34. The company’s 50 day moving average price is $25.96 and its two-hundred day moving average price is $14.77. The company has a market capitalization of $14.52 billion, a P/E ratio of -78.51 and a beta of 1.98.

Analyst Ratings Changes

RKLB has been the topic of a number of recent research reports. TD Cowen raised shares of Rocket Lab USA to a “strong-buy” rating in a research note on Thursday, December 19th. KeyCorp lifted their price objective on Rocket Lab USA from $27.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America increased their target price on Rocket Lab USA from $10.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their target price on Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Cantor Fitzgerald upped their price target on Rocket Lab USA from $7.00 to $24.00 and gave the company an “overweight” rating in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.28.

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.