Swiss National Bank grew its position in Rocket Lab USA, Inc. (NASDAQ:RKLB – Free Report) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 526,100 shares of the rocket manufacturer’s stock after purchasing an additional 6,100 shares during the period. Swiss National Bank owned approximately 0.11% of Rocket Lab USA worth $2,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of RKLB. Vanguard Group Inc. increased its holdings in Rocket Lab USA by 806.4% during the 1st quarter. Vanguard Group Inc. now owns 21,373,494 shares of the rocket manufacturer’s stock worth $172,057,000 after purchasing an additional 19,015,363 shares during the last quarter. State Street Corp grew its stake in Rocket Lab USA by 1,164.6% in the first quarter. State Street Corp now owns 7,942,133 shares of the rocket manufacturer’s stock valued at $63,934,000 after purchasing an additional 7,314,121 shares in the last quarter. BlackRock Inc. grew its stake in Rocket Lab USA by 165.6% in the first quarter. BlackRock Inc. now owns 6,444,486 shares of the rocket manufacturer’s stock valued at $51,878,000 after purchasing an additional 4,017,797 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Rocket Lab USA by 20.8% in the second quarter. ArrowMark Colorado Holdings LLC now owns 8,591,899 shares of the rocket manufacturer’s stock valued at $51,551,000 after purchasing an additional 1,478,505 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Rocket Lab USA by 460.0% during the 2nd quarter. Northern Trust Corp now owns 1,759,047 shares of the rocket manufacturer’s stock worth $6,666,000 after acquiring an additional 1,444,907 shares in the last quarter. 54.19% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, General Counsel Arjun Kampani sold 19,443 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $4.46, for a total value of $86,715.78. Following the completion of the transaction, the general counsel now directly owns 505,947 shares in the company, valued at approximately $2,256,523.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Adam C. Spice sold 57,721 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $4.46, for a total value of $257,435.66. Following the completion of the sale, the chief financial officer now directly owns 1,509,366 shares in the company, valued at approximately $6,731,772.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Arjun Kampani sold 19,443 shares of Rocket Lab USA stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $4.46, for a total value of $86,715.78. Following the transaction, the general counsel now owns 505,947 shares of the company’s stock, valued at approximately $2,256,523.62. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company’s stock.
Rocket Lab USA Trading Down 1.4 %
Shares of NASDAQ:RKLB opened at $4.38 on Friday. Rocket Lab USA, Inc. has a 12-month low of $3.62 and a 12-month high of $8.05. The stock has a market cap of $2.13 billion, a PE ratio of -12.17 and a beta of 1.25. The business has a 50 day moving average of $4.92 and a 200-day moving average of $4.91. The company has a quick ratio of 1.33, a current ratio of 1.67 and a debt-to-equity ratio of 0.03.
Wall Street Analyst Weigh In
Several research firms have commented on RKLB. KeyCorp initiated coverage on Rocket Lab USA in a report on Wednesday, January 17th. They issued an “overweight” rating and a $8.00 price target for the company. Citigroup reaffirmed a “buy” rating and set a $6.00 price target on shares of Rocket Lab USA in a report on Monday, February 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price objective on shares of Rocket Lab USA in a research report on Friday, December 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.88.
View Our Latest Stock Report on RKLB
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.
See Also
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