Rocket Lab USA, Inc. (NASDAQ:RKLB) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC grew its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 84.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,718 shares of the rocket manufacturer's stock after acquiring an additional 128,789 shares during the quarter. Gotham Asset Management LLC owned 0.06% of Rocket Lab USA worth $7,175,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Spectrum Wealth Counsel LLC bought a new stake in Rocket Lab USA in the 4th quarter valued at $25,000. Sandy Spring Bank bought a new position in shares of Rocket Lab USA in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Rocket Lab USA in the fourth quarter worth $40,000. Quarry LP bought a new position in shares of Rocket Lab USA in the fourth quarter worth $48,000. Finally, NewEdge Advisors LLC increased its position in shares of Rocket Lab USA by 1,000.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,925 shares of the rocket manufacturer's stock worth $49,000 after purchasing an additional 1,750 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Wall Street Analyst Weigh In

RKLB has been the topic of a number of recent analyst reports. KeyCorp decreased their price target on Rocket Lab USA from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $28.00 target price on shares of Rocket Lab USA in a research report on Tuesday. Citigroup decreased their target price on Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company decreased their target price on Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.50.

Insiders Place Their Bets

In other news, insider Frank Klein sold 44,553 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $18.18, for a total value of $809,973.54. Following the sale, the insider now directly owns 1,419,479 shares of the company's stock, valued at approximately $25,806,128.22. The trade was a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.70% of the stock is owned by insiders.

Rocket Lab USA Trading Up 4.5%

Shares of RKLB traded up $1.09 during trading hours on Thursday, reaching $25.22. 27,417,558 shares of the company traded hands, compared to its average volume of 15,777,493. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The stock's fifty day moving average price is $19.88 and its 200 day moving average price is $22.21. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of -68.16 and a beta of 2.04. Rocket Lab USA, Inc. has a 12-month low of $4.15 and a 12-month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last issued its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) 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 firm had revenue of $122.57 million during the quarter, compared to analysts' expectations of $120.74 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Rocket Lab USA's quarterly revenue was up 32.1% on a year-over-year basis. Sell-side analysts forecast that Rocket Lab USA, Inc. will post -0.38 earnings per share for the current year.

About Rocket Lab USA

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.