Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 634,900 shares of the rocket manufacturer’s stock after acquiring an additional 57,700 shares during the period. Swiss National Bank’s holdings in Rocket Lab USA were worth $16,171,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RKLB. GSA Capital Partners LLP purchased a new stake in shares of Rocket Lab USA in the 3rd quarter valued at approximately $139,000. Victory Capital Management Inc. raised its stake in shares of Rocket Lab USA by 4.4% in the 3rd quarter. Victory Capital Management Inc. now owns 40,587 shares of the rocket manufacturer’s stock valued at $395,000 after acquiring an additional 1,709 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of Rocket Lab USA in the 3rd quarter valued at approximately $128,000. Advisors Asset Management Inc. raised its stake in shares of Rocket Lab USA by 28.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,438 shares of the rocket manufacturer’s stock valued at $140,000 after acquiring an additional 3,220 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Rocket Lab USA in the 3rd quarter valued at approximately $921,000. 71.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Frank Klein sold 44,553 shares of the company’s stock in a transaction on 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 13.70% of the company’s stock.

Rocket Lab USA Trading Down 5.9 %

Shares of NASDAQ:RKLB opened at $17.98 on Wednesday. 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 is $24.71 and its two-hundred day moving average is $19.01. 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 company has a market cap of $8.15 billion, a PE ratio of -48.59 and a beta of 2.06.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The firm had revenue of $132.39 million during the quarter, compared to analysts’ expectations of $130.58 million. Equities analysts predict that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RKLB shares. Morgan Stanley boosted their price target on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on shares of Rocket Lab USA from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group upped their target price on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. TD Cowen raised shares of Rocket Lab USA to a “strong-buy” rating in a research note on Monday, February 24th. Finally, KeyCorp cut their target price on shares of Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.06.

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.