Sanders Morris Harris LLC Has $201,000 Stake in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Sanders Morris Harris LLC lifted its holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 6.3% during the 2nd quarter, Holdings Channel reports. The fund owned 33,500 shares of the rocket manufacturer’s stock after acquiring an additional 2,000 shares during the quarter. Sanders Morris Harris LLC’s holdings in Rocket Lab USA were worth $201,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RKLB. Vanguard Group Inc. boosted its stake in Rocket Lab USA by 6.8% in the third quarter. Vanguard Group Inc. now owns 21,527,157 shares of the rocket manufacturer’s stock worth $87,615,000 after purchasing an additional 1,377,884 shares in the last quarter. BlackRock Inc. lifted its position in Rocket Lab USA by 8.7% during the 3rd quarter. BlackRock Inc. now owns 21,364,059 shares of the rocket manufacturer’s stock worth $86,953,000 after buying an additional 1,706,729 shares in the last quarter. State Street Corp grew its holdings in Rocket Lab USA by 6.1% during the 1st quarter. State Street Corp now owns 16,150,861 shares of the rocket manufacturer’s stock worth $65,249,000 after acquiring an additional 932,306 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in Rocket Lab USA by 13.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 9,177,786 shares of the rocket manufacturer’s stock valued at $34,600,000 after acquiring an additional 1,094,796 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Rocket Lab USA by 4.6% in the first quarter. Geode Capital Management LLC now owns 4,320,605 shares of the rocket manufacturer’s stock worth $17,455,000 after acquiring an additional 188,786 shares during the last quarter. 54.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Rocket Lab USA from $5.50 to $6.75 and gave the company an “equal weight” rating in a research note on Wednesday, August 9th. Citigroup lifted their target price on Rocket Lab USA from $4.55 to $7.40 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rocket Lab USA presently has a consensus rating of “Hold” and an average price target of $9.16.

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, CEO Peter Beck sold 3,600,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $5.62, for a total value of $20,232,000.00. Following the transaction, the chief executive officer now directly owns 50,951,250 shares of the company’s stock, valued at $286,346,025. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Michael D. Griffin sold 38,090 shares of Rocket Lab USA stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $6.34, for a total transaction of $241,490.60. Following the transaction, the director now directly owns 39,446 shares of the company’s stock, valued at $250,087.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Peter Beck sold 3,600,000 shares of Rocket Lab USA stock in a transaction on Monday, September 11th. The stock was sold at an average price of $5.62, for a total transaction of $20,232,000.00. Following the transaction, the chief executive officer now directly owns 50,951,250 shares in the company, valued at $286,346,025. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,720,142 shares of company stock valued at $20,944,469. 15.00% of the stock is currently owned by insiders.

Rocket Lab USA Price Performance

Shares of RKLB stock opened at $5.12 on Friday. Rocket Lab USA, Inc. has a 52-week low of $3.48 and a 52-week high of $8.05. The stock has a market cap of $2.47 billion, a PE ratio of -14.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 1.83. The firm’s 50 day moving average price is $6.43 and its two-hundred day moving average price is $5.19.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings data on Tuesday, August 8th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). Rocket Lab USA had a negative net margin of 70.47% and a negative return on equity of 24.98%. The firm had revenue of $62.05 million for the quarter, compared to analysts’ expectations of $61.68 million. As a group, analysts forecast that Rocket Lab USA, Inc. will post -0.37 EPS for the current year.

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.