GSA Capital Partners LLP Buys Shares of 14,328 Rocket Lab USA, Inc. (NASDAQ:RKLB)

GSA Capital Partners LLP bought a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,328 shares of the rocket manufacturer’s stock, valued at approximately $139,000.

A number of other institutional investors have also added to or reduced their stakes in RKLB. Concurrent Investment Advisors LLC bought a new position in shares of Rocket Lab USA in the 3rd quarter worth $132,000. AlphaCentric Advisors LLC bought a new position in Rocket Lab USA in the third quarter worth about $146,000. Van ECK Associates Corp lifted its position in shares of Rocket Lab USA by 33.1% during the third quarter. Van ECK Associates Corp now owns 131,076 shares of the rocket manufacturer’s stock valued at $1,275,000 after buying an additional 32,618 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of 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. Finally, International Assets Investment Management LLC grew its position in shares of Rocket Lab USA by 934.5% in the 3rd quarter. International Assets Investment Management LLC now owns 98,176 shares of the rocket manufacturer’s stock worth $10,090,000 after buying an additional 88,686 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RKLB. Stifel Nicolaus lifted 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. JMP Securities began coverage on Rocket Lab USA in a research note on Thursday, September 12th. They set a “market perform” rating on the stock. Wells Fargo & Company increased their price target on Rocket Lab USA from $5.25 to $13.50 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald boosted their price target on Rocket Lab USA from $7.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Bank of America increased their price objective on shares of Rocket Lab USA from $10.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Rocket Lab USA has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Rocket Lab USA Trading Up 3.4 %

RKLB stock opened at $24.06 on Tuesday. The firm has a market cap of $12.03 billion, a P/E ratio of -65.03 and a beta of 1.29. Rocket Lab USA, Inc. has a 52-week low of $3.47 and a 52-week high of $25.58. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. The company’s 50-day simple moving average is $12.16 and its 200-day simple moving average is $7.66.

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, Director Matthew Ocko sold 2,000,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $17.73, for a total transaction 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 represents a 45.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.70% of the stock is owned by corporate 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.