DCVC Opportunity Fund II GP LLC Sells 3,814,786 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

DCVC Opportunity Fund II GP LLC trimmed its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) by 53.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,388,249 shares of the rocket manufacturer's stock after selling 3,814,786 shares during the period. Rocket Lab USA makes up approximately 76.4% of DCVC Opportunity Fund II GP LLC's holdings, making the stock its biggest holding. DCVC Opportunity Fund II GP LLC owned approximately 0.68% of Rocket Lab USA worth $86,299,000 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 RKLB. FMR LLC raised 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 valued at $94,141,000 after buying an additional 3,684,195 shares during the period. BNP Paribas Financial Markets bought a new position in Rocket Lab USA during the 4th quarter valued at about $56,977,000. Renaissance Technologies LLC raised its position in Rocket Lab USA by 1,765.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,818,800 shares of the rocket manufacturer's stock worth $46,325,000 after purchasing an additional 1,721,300 shares during the period. Hsbc Holdings PLC lifted its stake in Rocket Lab USA by 3,592.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,534,265 shares of the rocket manufacturer's stock worth $39,477,000 after purchasing an additional 1,492,708 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Rocket Lab USA during the fourth quarter valued at approximately $35,987,000. 71.78% of the stock is currently owned by institutional investors.

Rocket Lab USA Stock Down 11.0 %

Shares of Rocket Lab USA stock traded down $2.54 on Friday, reaching $20.56. The stock had a trading volume of 30,261,759 shares, compared to its average volume of 15,626,843. The stock has a market capitalization of $9.32 billion, a P/E ratio of -55.57 and a beta of 2.04. Rocket Lab USA, Inc. has a 1 year low of $3.98 and a 1 year high of $33.34. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average price of $19.69 and a 200 day moving average price of $21.98.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last announced its earnings results on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The business had revenue of $122.57 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) earnings per share. As a group, equities research analysts forecast that Rocket Lab USA, Inc. will post -0.38 EPS for the current year.

Insider Transactions at Rocket Lab USA

In other Rocket Lab USA news, insider Frank Klein sold 44,553 shares of Rocket Lab USA stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $18.18, for a total transaction of $809,973.54. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.70% of the company's stock.

Wall Street Analysts Forecast Growth

RKLB has been the subject of a number of recent analyst reports. Needham & Company LLC began coverage on Rocket Lab USA in a report on Friday, April 25th. They set a "buy" rating and a $28.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. TD Cowen upgraded shares of Rocket Lab USA to a "strong-buy" rating in a report on Monday, February 24th. KeyCorp reduced their target price on shares of 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. Finally, Wells Fargo & Company lowered their price target 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 equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.25.

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.