Janus Henderson Group PLC Purchases 28,300 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

Janus Henderson Group PLC raised its holdings in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,641 shares of the rocket manufacturer's stock after acquiring an additional 28,300 shares during the period. Janus Henderson Group PLC's holdings in Rocket Lab USA were worth $3,757,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ariose Capital Management Ltd acquired a new stake in Rocket Lab USA in the 4th quarter valued at about $1,871,000. Nisa Investment Advisors LLC lifted its stake in Rocket Lab USA by 134.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 9,290 shares of the rocket manufacturer's stock valued at $237,000 after purchasing an additional 5,325 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Rocket Lab USA by 478.6% during the fourth quarter. Avior Wealth Management LLC now owns 6,966 shares of the rocket manufacturer's stock worth $177,000 after buying an additional 5,762 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in Rocket Lab USA in the fourth quarter worth approximately $4,725,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Rocket Lab USA by 52.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 37,728 shares of the rocket manufacturer's stock valued at $961,000 after buying an additional 13,040 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Rocket Lab USA Stock Performance

Shares of Rocket Lab USA stock traded down $0.83 during trading on Wednesday, reaching $25.17. The company's stock had a trading volume of 16,959,111 shares, compared to its average volume of 15,974,208. The business's fifty day moving average price is $20.51 and its 200-day moving average price is $22.69. Rocket Lab USA, Inc. has a one year low of $4.15 and a one year high of $33.34. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of -68.03 and a beta of 2.04. 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 (NASDAQ:RKLB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $122.57 million during the quarter, compared to the consensus estimate of $120.74 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The firm's revenue was up 32.1% compared to the same quarter last year. As a group, equities research analysts predict that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RKLB has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley boosted their target price on 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. The Goldman Sachs Group raised their price target on Rocket Lab USA from $14.35 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. TD Cowen raised Rocket Lab USA to a "strong-buy" rating in a research note on Monday, February 24th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $28.00 target price on shares of Rocket Lab USA in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

Insider Transactions at Rocket Lab USA

In other news, insider Frank Klein sold 1,835 shares of Rocket Lab USA stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the sale, the insider now directly owns 1,417,644 shares in the company, valued at approximately $28,253,644.92. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.70% of the company's stock.

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.