Rocket Lab USA, Inc. (NASDAQ:RKLB) Insider Sells $36,571.55 in Stock

Rocket Lab USA, Inc. (NASDAQ:RKLB) insider Frank Klein sold 1,835 shares of Rocket Lab USA stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the completion of the transaction, the insider now owns 1,417,644 shares of the company’s stock, valued at $28,253,644.92. This trade represents a 0.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Frank Klein also recently made the following trade(s):

• On Friday, March 14th, Frank Klein sold 44,553 shares of Rocket Lab USA stock. The stock was sold at an average price of $18.18, for a total transaction of $809,973.54.

Rocket Lab USA Stock Performance

Shares of Rocket Lab USA stock traded down $1.12 during trading on Tuesday, reaching $17.98. The company’s stock had a trading volume of 9,747,041 shares, compared to its average volume of 14,446,398. The company has a 50-day moving average price of $24.71 and a two-hundred day moving average price of $19.01. The firm has a market cap of $8.15 billion, a PE ratio of -48.59 and a beta of 2.06. Rocket Lab USA, Inc. has a fifty-two week low of $3.47 and a fifty-two week high of $33.34. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Rocket Lab USA from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. KeyCorp decreased their price target on shares of Rocket Lab USA from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus lifted their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their price target 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. Finally, Citigroup decreased their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating for the company 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.06.

Hedge Funds Weigh In On Rocket Lab USA

Several institutional investors have recently bought and sold shares of RKLB. FMR LLC increased its stake in Rocket Lab USA by 30,853.3% in the 4th quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer’s stock valued at $94,141,000 after buying an additional 3,684,195 shares during the period. Two Sigma Advisers LP acquired a new position in Rocket Lab USA in the 4th quarter valued at $72,623,000. BNP Paribas Financial Markets acquired a new position in Rocket Lab USA in the 4th quarter valued at $56,977,000. Two Sigma Investments LP acquired a new position in Rocket Lab USA in the 4th quarter valued at $47,074,000. Finally, Renaissance Technologies LLC increased its stake in Rocket Lab USA by 1,765.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,818,800 shares of the rocket manufacturer’s stock valued at $46,325,000 after buying an additional 1,721,300 shares during the period. 71.78% of the stock is owned by institutional investors and hedge funds.

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.