Rocket Lab USA, Inc. (NASDAQ:RKLB – Get Rating) insider Arjun Kampani sold 22,532 shares of the business's stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $4.23, for a total value of $95,310.36. Following the completion of the transaction, the insider now owns 568,493 shares of the company's stock, valued at $2,404,725.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rocket Lab USA Price Performance

Shares of NASDAQ RKLB opened at $3.92 on Thursday. Rocket Lab USA, Inc. has a 12-month low of $3.48 and a 12-month high of $9.49. The company has a current ratio of 4.06, a quick ratio of 3.50 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.57.

Analyst Ratings Changes

Several research analysts have weighed in on RKLB shares. Wells Fargo & Company cut their price target on Rocket Lab USA from $5.75 to $5.50 and set an "equal weight" rating for the company in a report on Monday, March 6th. Stifel Nicolaus dropped their price objective on Rocket Lab USA from $14.00 to $12.00 in a report on Friday, December 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Rocket Lab USA from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.72.

Institutional Trading of Rocket Lab USA

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Rocket Lab USA by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 21,527,157 shares of the rocket manufacturer's stock valued at $87,615,000 after purchasing an additional 1,377,884 shares in the last quarter. BlackRock Inc. increased its holdings in Rocket Lab USA by 8.7% in the 3rd quarter. BlackRock Inc. now owns 21,364,059 shares of the rocket manufacturer's stock valued at $86,953,000 after purchasing an additional 1,706,729 shares in the last quarter. State Street Corp increased its holdings in Rocket Lab USA by 88.7% in the 2nd quarter. State Street Corp now owns 14,983,509 shares of the rocket manufacturer's stock valued at $56,787,000 after purchasing an additional 7,041,376 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in Rocket Lab USA by 13.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 9,177,786 shares of the rocket manufacturer's stock valued at $34,600,000 after purchasing an additional 1,094,796 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Rocket Lab USA by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,131,819 shares of the rocket manufacturer's stock valued at $15,576,000 after purchasing an additional 103,979 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

About Rocket Lab USA

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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 engineering and 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.

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