Rocket Lab USA, Inc. (NASDAQ:RKLB - Get Free Report) insider Arjun Kampani sold 5,194 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $30.00, for a total value of $155,820.00. Following the completion of the sale, the insider now owns 530,230 shares in the company, valued at approximately $15,906,900. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Arjun Kampani also recently made the following trade(s):
- On Monday, June 2nd, Arjun Kampani sold 5,194 shares of Rocket Lab USA stock. The stock was sold at an average price of $26.52, for a total value of $137,744.88.
- On Friday, May 30th, Arjun Kampani sold 28,988 shares of Rocket Lab USA stock. The shares were sold at an average price of $26.66, for a total value of $772,820.08.
- On Wednesday, May 28th, Arjun Kampani sold 5,277 shares of Rocket Lab USA stock. The stock was sold at an average price of $29.97, for a total transaction of $158,151.69.
Rocket Lab USA Stock Up 0.7%
Shares of Rocket Lab USA stock traded up $0.19 during trading hours on Wednesday, reaching $27.36. 21,234,679 shares of the company were exchanged, compared to its average volume of 17,011,983. The firm has a market cap of $12.41 billion, a PE ratio of -73.94 and a beta of 2.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.16 and a current ratio of 2.58. Rocket Lab USA, Inc. has a 1 year low of $4.20 and a 1 year high of $33.34. The stock's fifty day moving average is $23.20 and its 200 day moving average is $23.77.
Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The company had revenue of $122.57 million during the quarter, compared to analyst estimates of $120.74 million. During the same period in the prior year, the business earned ($0.09) EPS. Rocket Lab USA's revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities research analysts forecast that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.
Analysts Set New Price Targets
RKLB has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Rocket Lab USA from $14.35 to $16.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Morgan Stanley upped their price target on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Needham & Company LLC lifted their price objective on shares of Rocket Lab USA from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Stifel Nicolaus boosted their price objective on shares of Rocket Lab USA from $29.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Cantor Fitzgerald raised their target price on Rocket Lab USA from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.18.
Read Our Latest Analysis on RKLB
Institutional Investors Weigh In On Rocket Lab USA
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Rocket Lab USA by 10.6% during the first quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after purchasing an additional 3,833,969 shares in the last quarter. FMR LLC lifted its holdings in Rocket Lab USA by 30,853.3% during the 4th quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer's stock worth $94,141,000 after buying an additional 3,684,195 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Rocket Lab USA during the 4th quarter worth about $72,623,000. BNP Paribas Financial Markets acquired a new stake in shares of Rocket Lab USA during the 4th quarter worth about $56,977,000. Finally, Two Sigma Investments LP purchased a new stake in Rocket Lab USA during the fourth quarter worth approximately $47,074,000. 71.78% of the stock is owned by hedge funds and other institutional investors.
About Rocket Lab USA
(
Get 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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