GSA Capital Partners LLP Makes New Investment in Rocket Lab USA, Inc. (NASDAQ:RKLB)

GSA Capital Partners LLP bought a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,328 shares of the rocket manufacturer’s stock, valued at approximately $139,000.

A number of other hedge funds have also modified their holdings of RKLB. Allworth Financial LP grew its holdings in Rocket Lab USA by 1,827.6% in the 3rd quarter. Allworth Financial LP now owns 9,484 shares of the rocket manufacturer’s stock valued at $92,000 after buying an additional 8,992 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Rocket Lab USA in the second quarter valued at about $46,000. Baxter Bros Inc. acquired a new stake in Rocket Lab USA during the second quarter worth about $48,000. Smith Anglin Financial LLC purchased a new position in Rocket Lab USA during the third quarter worth about $104,000. Finally, Advisors Asset Management Inc. boosted its holdings in Rocket Lab USA by 59.4% in the 1st quarter. Advisors Asset Management Inc. now owns 10,816 shares of the rocket manufacturer’s stock valued at $44,000 after purchasing an additional 4,032 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab USA Stock Up 3.4 %

Shares of NASDAQ:RKLB opened at $24.06 on Tuesday. The firm has a market capitalization of $12.03 billion, a PE ratio of -65.03 and a beta of 1.29. Rocket Lab USA, Inc. has a 1 year low of $3.47 and a 1 year high of $25.58. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The firm’s 50-day moving average is $12.16 and its two-hundred day moving average is $7.66.

Analyst Ratings Changes

A number of analysts have recently issued reports on RKLB shares. Stifel Nicolaus raised their price target on shares of Rocket Lab USA from $15.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Cantor Fitzgerald lifted their target price on Rocket Lab USA from $7.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Bank of America upped their price target 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. Citigroup raised their price objective on Rocket Lab USA from $13.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, The Goldman Sachs Group upped their target price on shares of Rocket Lab USA from $5.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Rocket Lab USA has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Insider Activity at Rocket Lab USA

In related news, Director Matthew Ocko sold 2,000,000 shares of Rocket Lab USA stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $17.73, for a total value of $35,460,000.00. Following the completion of the transaction, the director now directly owns 2,351,135 shares in the company, valued at approximately $41,685,623.55. This trade represents a 45.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.70% 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.