D.A. Davidson & CO. Acquires 1,592 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

D.A. Davidson & CO. grew its holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,477 shares of the rocket manufacturer’s stock after acquiring an additional 1,592 shares during the period. D.A. Davidson & CO.’s holdings in Rocket Lab USA were worth $343,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RKLB. Citigroup Inc. boosted its holdings in Rocket Lab USA by 46.8% in the third quarter. Citigroup Inc. now owns 691,387 shares of the rocket manufacturer’s stock worth $6,727,000 after purchasing an additional 220,432 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Rocket Lab USA by 22.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,878,357 shares of the rocket manufacturer’s stock worth $28,006,000 after acquiring an additional 532,207 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Rocket Lab USA by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,253,035 shares of the rocket manufacturer’s stock valued at $80,317,000 after acquiring an additional 898,223 shares during the last quarter. FORA Capital LLC bought a new position in shares of Rocket Lab USA in the 3rd quarter valued at approximately $449,000. Finally, National Bank of Canada FI lifted its holdings in Rocket Lab USA by 149.2% in the 3rd quarter. National Bank of Canada FI now owns 50,408 shares of the rocket manufacturer’s stock worth $490,000 after purchasing an additional 30,178 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab USA Price Performance

Shares of RKLB stock opened at $21.25 on Thursday. The company has a market capitalization of $10.62 billion, a P/E ratio of -57.43 and a beta of 1.99. 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, Inc. has a 12 month low of $3.47 and a 12 month high of $33.34. The stock has a 50 day moving average of $26.86 and a two-hundred day moving average of $17.70.

Analyst Ratings Changes

A number of equities analysts have recently commented on RKLB shares. TD Cowen raised shares of Rocket Lab USA to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of 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. Bank of America raised their price target on Rocket Lab USA from $10.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup lifted their price objective on Rocket Lab USA from $22.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, KeyCorp increased their target price on Rocket Lab USA from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Rocket Lab USA has a consensus rating of “Moderate Buy” and a consensus price target of $22.28.

Insider Buying and Selling

In related news, Director Nina Armagno sold 10,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.63, for a total value of $236,300.00. Following the completion of the transaction, the director now owns 132,294 shares of the company’s stock, valued at $3,126,107.22. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander R. Slusky sold 50,000 shares of Rocket Lab USA stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $23.00, for a total value of $1,150,000.00. Following the sale, the director now directly owns 534,675 shares in the company, valued at $12,297,525. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.70% of the stock is owned by company 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.