Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,253,035 shares of the rocket manufacturer’s stock after purchasing an additional 898,223 shares during the quarter. Geode Capital Management LLC’s holdings in Rocket Lab USA were worth $80,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted 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 worth $92,000 after buying an additional 8,992 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Rocket Lab USA in the second quarter worth about $46,000. Smith Anglin Financial LLC purchased a new position in Rocket Lab USA in the third quarter valued at about $104,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in Rocket Lab USA during the 3rd quarter valued at approximately $107,000. Finally, Tamar Securities LLC purchased a new stake in Rocket Lab USA during the 3rd quarter worth approximately $108,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Rocket Lab USA Stock Up 7.1 %

NASDAQ:RKLB opened at $24.87 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average of $18.08 and a 200-day moving average of $10.26. The firm has a market capitalization of $12.43 billion, a PE ratio of -67.21 and a beta of 1.96. Rocket Lab USA, Inc. has a 52 week low of $3.47 and a 52 week high of $28.10.

Analysts Set New Price Targets

RKLB has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Rocket Lab USA from $10.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus raised their price objective 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. Citigroup upped their target price on shares of Rocket Lab USA from $13.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their price target on shares of Rocket Lab USA from $13.50 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, KeyCorp boosted their price objective on Rocket Lab USA from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. 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 stock. Based on data from MarketBeat, Rocket Lab USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.44.

Insider Activity at Rocket Lab USA

In other Rocket Lab USA news, Director Alexander R. Slusky sold 50,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $23.00, for a total transaction of $1,150,000.00. Following the completion of the transaction, the director now directly owns 534,675 shares of the company’s stock, valued at $12,297,525. The trade was a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank Klein sold 35,968 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.15, for a total transaction of $868,627.20. Following the completion of the sale, the insider now owns 1,464,032 shares in the company, valued at $35,356,372.80. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,114,530 shares of company stock worth $38,168,400 in the last 90 days. 13.70% of the stock is currently owned by company insiders.

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.