Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 98.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,246 shares of the rocket manufacturer's stock after selling 569,994 shares during the period. GTS Securities LLC's holdings in Rocket Lab USA were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of RKLB. Nisa Investment Advisors LLC grew its holdings in shares of 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 worth $237,000 after buying an additional 5,325 shares during the last quarter. KBC Group NV boosted its position in Rocket Lab USA by 36.1% during the 4th quarter. KBC Group NV now owns 14,258 shares of the rocket manufacturer's stock worth $363,000 after purchasing an additional 3,779 shares during the period. Capital Investment Advisory Services LLC bought a new position in shares of Rocket Lab USA during the fourth quarter worth about $207,000. New Millennium Group LLC lifted its holdings in Rocket Lab USA by 105.0% in the fourth quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer's stock worth $52,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Rocket Lab USA by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer's stock worth $2,187,000 after buying an additional 334 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RKLB has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Morgan Stanley upped their price objective 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. Citigroup reduced their price objective on Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective 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. Finally, Wells Fargo & Company lowered their target price on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.18.

Insider Buying and Selling at Rocket Lab USA

In other Rocket Lab USA news, insider Frank Klein sold 2,569 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $29.97, for a total transaction of $76,992.93. Following the completion of the transaction, the insider now directly owns 1,415,075 shares in the company, valued at approximately $42,409,797.75. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Arjun Kampani sold 5,277 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $29.97, for a total transaction of $158,151.69. Following the completion of the transaction, the insider now directly owns 569,606 shares in the company, valued at $17,071,091.82. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,234 shares of company stock valued at $1,081,690. Company insiders own 13.70% of the company's stock.

Rocket Lab USA Stock Performance

RKLB traded down $0.70 during trading on Friday, hitting $26.65. The company's stock had a trading volume of 12,664,618 shares, compared to its average volume of 16,338,521. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. Rocket Lab USA, Inc. has a one year low of $4.20 and a one year high of $33.34. The firm has a market cap of $12.09 billion, a PE ratio of -72.03 and a beta of 2.04. The business's 50 day simple moving average is $21.60 and its 200-day simple moving average is $23.29.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last posted its earnings results 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). The company had revenue of $122.57 million for the quarter, compared to analysts' expectations of $120.74 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The business's revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) earnings per share. As a group, sell-side analysts predict that Rocket Lab USA, Inc. will post -0.38 EPS for the current fiscal year.

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.