AtonRa Partners Sells 16,303 Shares of Rocket Lab USA, Inc. (NASDAQ:RKLB)

AtonRa Partners lessened its holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,526 shares of the rocket manufacturer’s stock after selling 16,303 shares during the period. Rocket Lab USA accounts for 1.1% of AtonRa Partners’ holdings, making the stock its 29th biggest position. AtonRa Partners’ holdings in Rocket Lab USA were worth $545,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Headlands Technologies LLC lifted its stake in shares of Rocket Lab USA by 1,190.9% during the 4th quarter. Headlands Technologies LLC now owns 55,327 shares of the rocket manufacturer’s stock worth $306,000 after buying an additional 51,041 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Rocket Lab USA by 9.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 50,400 shares of the rocket manufacturer’s stock worth $279,000 after acquiring an additional 4,500 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Rocket Lab USA by 2.5% during the fourth quarter. New York State Common Retirement Fund now owns 114,781 shares of the rocket manufacturer’s stock worth $635,000 after acquiring an additional 2,845 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Rocket Lab USA by 61.9% during the fourth quarter. Handelsbanken Fonder AB now owns 48,400 shares of the rocket manufacturer’s stock worth $268,000 after acquiring an additional 18,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rocket Lab USA by 13.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,933 shares of the rocket manufacturer’s stock valued at $315,000 after purchasing an additional 6,759 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab USA

In related news, CFO Adam C. Spice sold 67,160 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction of $285,430.00. Following the completion of the transaction, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Rocket Lab USA news, General Counsel Arjun Kampani sold 31,394 shares of Rocket Lab USA stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $133,424.50. Following the transaction, the general counsel now directly owns 695,147 shares of the company’s stock, valued at approximately $2,954,374.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Adam C. Spice sold 67,160 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $285,430.00. Following the completion of the sale, the chief financial officer now owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Rocket Lab USA Price Performance

NASDAQ:RKLB traded up $0.03 during trading hours on Monday, hitting $3.80. The company’s stock had a trading volume of 3,861,303 shares, compared to its average volume of 8,290,647. The stock has a fifty day simple moving average of $4.09 and a 200-day simple moving average of $4.46. Rocket Lab USA, Inc. has a twelve month low of $3.47 and a twelve month high of $8.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 2.13.

Rocket Lab USA (NASDAQ:RKLB) last issued its quarterly earnings data on Tuesday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Rocket Lab USA had a negative return on equity of 30.54% and a negative net margin of 74.64%. The firm had revenue of $59.99 million for the quarter, compared to the consensus estimate of $62.90 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that Rocket Lab USA, Inc. will post -0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RKLB. Citigroup reissued a “buy” rating and set a $6.00 price target on shares of Rocket Lab USA in a report on Monday, February 12th. KeyCorp started coverage on Rocket Lab USA in a report on Wednesday, January 17th. They set an “overweight” rating and a $8.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.46.

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.