Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Acquired by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC increased its holdings in shares of Rocket Lab USA, Inc. (NASDAQ:RKLBFree Report) by 188.6% in the third quarter, Holdings Channel reports. The firm owned 261,395 shares of the rocket manufacturer’s stock after buying an additional 170,830 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Rocket Lab USA were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in Rocket Lab USA in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC acquired a new position in Rocket Lab USA in the 3rd quarter valued at about $40,000. Tower Research Capital LLC TRC grew its position in Rocket Lab USA by 79.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,014 shares of the rocket manufacturer’s stock valued at $40,000 after acquiring an additional 4,435 shares in the last quarter. Baxter Bros Inc. acquired a new position in Rocket Lab USA in the 1st quarter valued at about $40,000. Finally, International Assets Investment Management LLC acquired a new position in Rocket Lab USA in the 3rd quarter valued at about $41,000. 54.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RKLB has been the subject of several research reports. KeyCorp initiated coverage on Rocket Lab USA in a research report on Wednesday, January 17th. They issued an “overweight” rating and a $8.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 target price on shares of Rocket Lab USA in a research report on Friday, December 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $6.00 target price on shares of Rocket Lab USA in a research report on Monday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Rocket Lab USA presently has an average rating of “Moderate Buy” and a consensus target price of $7.88.

Check Out Our Latest Report on RKLB

Rocket Lab USA Trading Up 8.8 %

Shares of RKLB stock opened at $4.72 on Tuesday. Rocket Lab USA, Inc. has a 12 month low of $3.62 and a 12 month high of $8.05. The company has a current ratio of 1.67, a quick ratio of 1.33 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $4.92 and a 200 day moving average price of $5.03.

Insider Transactions at Rocket Lab USA

In other news, General Counsel Arjun Kampani sold 19,443 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $4.46, for a total transaction of $86,715.78. Following the sale, the general counsel now owns 505,947 shares of the company’s stock, valued at approximately $2,256,523.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Arjun Kampani sold 19,443 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $4.46, for a total transaction of $86,715.78. Following the completion of the sale, the general counsel now owns 505,947 shares in the company, valued at approximately $2,256,523.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Adam C. Spice sold 57,721 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $4.46, for a total transaction of $257,435.66. Following the sale, the chief financial officer now owns 1,509,366 shares of the company’s stock, valued at approximately $6,731,772.36. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

Rocket Lab USA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rocket Lab USA (NASDAQ:RKLB)

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