Tamar Securities LLC Buys Shares of 11,084 Rocket Lab USA, Inc. (NASDAQ:RKLB)

Tamar Securities LLC bought a new stake in Rocket Lab USA, Inc. (NASDAQ:RKLB) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 11,084 shares of the rocket manufacturer’s stock, valued at approximately $108,000.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in Rocket Lab USA by 59.4% in the 1st quarter. Advisors Asset Management Inc. now owns 10,816 shares of the rocket manufacturer’s stock valued at $44,000 after acquiring an additional 4,032 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Rocket Lab USA during the second quarter worth about $46,000. Baxter Bros Inc. acquired a new position in shares of Rocket Lab USA during the second quarter worth about $48,000. Amalgamated Bank grew its position in shares of Rocket Lab USA by 26.7% during the second quarter. Amalgamated Bank now owns 12,038 shares of the rocket manufacturer’s stock worth $58,000 after buying an additional 2,538 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Rocket Lab USA during the second quarter worth about $67,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rocket Lab USA

In other news, Director Michael D. Griffin sold 39,446 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $6.90, for a total transaction of $272,177.40. Following the completion of the sale, the director now owns 42,353 shares in the company, valued at $292,235.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael D. Griffin sold 39,446 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $6.90, for a total transaction of $272,177.40. Following the transaction, the director now owns 42,353 shares of the company’s stock, valued at $292,235.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam C. Spice sold 62,512 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $6.96, for a total value of $435,083.52. Following the transaction, the chief financial officer now directly owns 1,321,165 shares in the company, valued at $9,195,308.40. This represents a 0.00 % 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 90 days. 13.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RKLB. KeyCorp boosted their price objective on Rocket Lab USA from $8.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 price objective on shares of Rocket Lab USA in a research report on Monday, September 30th. JMP Securities began coverage on Rocket Lab USA in a research report on Thursday, September 12th. They set a “market perform” rating for the company. Citigroup boosted their price objective on Rocket Lab USA from $5.45 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, BTIG Research began coverage on Rocket Lab USA in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Rocket Lab USA has an average rating of “Hold” and an average target price of $6.75.

Rocket Lab USA Price Performance

Shares of NASDAQ RKLB opened at $11.19 on Thursday. Rocket Lab USA, Inc. has a twelve month low of $3.47 and a twelve month high of $11.19. The company has a current ratio of 2.82, a quick ratio of 2.43 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average of $7.46 and a two-hundred day moving average of $5.51. The stock has a market cap of $5.56 billion, a P/E ratio of -31.97 and a beta of 1.32.

Rocket Lab USA (NASDAQ:RKLB) last released its quarterly earnings results on Thursday, August 8th. The rocket manufacturer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. Rocket Lab USA had a negative return on equity of 34.12% and a negative net margin of 54.17%. The business had revenue of $106.25 million during the quarter, compared to analysts’ expectations of $105.47 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The company’s quarterly revenue was up 71.2% compared to the same quarter last year. On average, research analysts forecast that Rocket Lab USA, Inc. will post -0.39 earnings per share for the current year.

Rocket Lab USA Company Profile

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.