Nisa Investment Advisors LLC Purchases 5,325 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

Nisa Investment Advisors LLC grew its position in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 134.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,290 shares of the rocket manufacturer’s stock after purchasing an additional 5,325 shares during the period. Nisa Investment Advisors LLC’s holdings in Rocket Lab USA were worth $237,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RKLB. Ariose Capital Management Ltd purchased a new stake in Rocket Lab USA in the 4th quarter valued at about $1,871,000. Udine Wealth Management Inc. purchased a new stake in shares of Rocket Lab USA during the fourth quarter valued at approximately $1,342,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Rocket Lab USA by 3.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 91,872 shares of the rocket manufacturer’s stock worth $2,340,000 after acquiring an additional 3,479 shares during the period. Connective Portfolio Management LLC bought a new stake in Rocket Lab USA during the fourth quarter worth $586,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Rocket Lab USA in the 4th quarter valued at $1,758,000. 71.78% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Arjun Kampani sold 28,562 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.15, for a total transaction of $689,772.30. Following the completion of the transaction, the general counsel now owns 608,996 shares of the company’s stock, valued at approximately $14,707,253.40. The trade was a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander R. Slusky sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 approximately $12,297,525. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,114,530 shares of company stock worth $38,168,400 over the last ninety days. Company insiders own 13.70% of the company’s stock.

Rocket Lab USA Stock Performance

Shares of RKLB opened at $28.87 on Thursday. Rocket Lab USA, Inc. has a 52-week low of $3.47 and a 52-week high of $33.34. The stock’s 50-day simple moving average is $25.66 and its 200 day simple moving average is $14.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -78.02 and a beta of 1.98.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Rocket Lab USA from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Citigroup boosted their target price on shares of Rocket Lab USA from $22.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. KeyCorp raised their price target on shares of Rocket Lab USA from $27.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America upped their price objective on Rocket Lab USA from $10.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company raised their target price on 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. Five investment 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 company. According to MarketBeat.com, Rocket Lab USA currently has an average rating of “Moderate Buy” and an average target price of $22.28.

Rocket Lab USA 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.