Rocket Lab USA, Inc. (NASDAQ:RKLB) Holdings Trimmed by Gilbert & Cook Inc.

Gilbert & Cook Inc. lowered its holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,665 shares of the rocket manufacturer’s stock after selling 1,272 shares during the period. Gilbert & Cook Inc.’s holdings in Rocket Lab USA were worth $415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in Rocket Lab USA by 9.2% during the first quarter. Vanguard Group Inc. now owns 29,000,578 shares of the rocket manufacturer’s stock valued at $119,192,000 after buying an additional 2,448,789 shares during the period. International Assets Investment Management LLC lifted its position in shares of Rocket Lab USA by 934.5% in the third quarter. International Assets Investment Management LLC now owns 98,176 shares of the rocket manufacturer’s stock worth $10,090,000 after purchasing an additional 88,686 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Rocket Lab USA by 40.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 91,619 shares of the rocket manufacturer’s stock worth $440,000 after purchasing an additional 26,605 shares during the period. Mizuho Markets Americas LLC purchased a new position in Rocket Lab USA during the third quarter valued at approximately $8,930,000. Finally, Venture Visionary Partners LLC acquired a new position in Rocket Lab USA in the 3rd quarter valued at approximately $886,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Arjun Kampani sold 28,563 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $6.96, for a total value of $198,798.48. Following the sale, the general counsel now owns 637,558 shares of the company’s stock, valued at approximately $4,437,403.68. This represents a 4.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Adam C. Spice sold 62,512 shares of Rocket Lab USA stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $6.96, for a total transaction of $435,083.52. Following the completion of the transaction, the chief financial officer now owns 1,321,165 shares of the company’s stock, valued at $9,195,308.40. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,521 shares of company stock worth $906,059 over the last three months. 13.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RKLB shares. Citigroup raised their price target on Rocket Lab USA from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JMP Securities assumed coverage on shares of Rocket Lab USA in a report on Thursday, September 12th. They set a “market perform” rating for the company. KeyCorp boosted their price objective on Rocket Lab USA from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their target price on Rocket Lab USA from $15.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their price target on Rocket Lab USA from $5.25 to $13.50 and gave the stock an “equal weight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.72.

Rocket Lab USA Price Performance

Rocket Lab USA stock opened at $19.00 on Friday. The business has a 50 day simple moving average of $10.38 and a 200 day simple moving average of $6.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.43. The company has a market capitalization of $9.44 billion, a PE ratio of -51.35 and a beta of 1.29. Rocket Lab USA, Inc. has a one year low of $3.47 and a one year high of $22.55.

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.