Roman Butler Fullerton & Co. Invests $191,000 in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Roman Butler Fullerton & Co. bought a new position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) in the fourth quarter, HoldingsChannel reports. The firm bought 7,500 shares of the rocket manufacturer’s stock, valued at approximately $191,000.

A number of other institutional investors also recently modified their holdings of RKLB. Wingate Wealth Advisors Inc. purchased a new stake in shares of Rocket Lab USA during the fourth quarter worth about $40,000. New Millennium Group LLC raised its stake in Rocket Lab USA by 105.0% in the fourth quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer’s stock worth $52,000 after buying an additional 1,050 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Rocket Lab USA in the second quarter worth about $76,000. Newbridge Financial Services Group Inc. bought a new position in Rocket Lab USA in the fourth quarter worth about $76,000. Finally, Allworth Financial LP raised its stake in Rocket Lab USA by 1,827.6% in the third quarter. Allworth Financial LP now owns 9,484 shares of the rocket manufacturer’s stock worth $92,000 after buying an additional 8,992 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.

Rocket Lab USA Trading Down 1.0 %

Shares of RKLB stock opened at $28.02 on Friday. Rocket Lab USA, Inc. has a 12-month low of $3.47 and a 12-month high of $33.34. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average is $26.80 and its 200 day moving average is $16.61. The stock has a market capitalization of $14.01 billion, a P/E ratio of -75.73 and a beta of 1.99.

Insider Buying and Selling

In other news, General Counsel Arjun Kampani sold 28,562 shares of Rocket Lab USA stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.15, for a total transaction of $689,772.30. Following the transaction, the general counsel now owns 608,996 shares in the company, valued at $14,707,253.40. This trade represents a 4.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank Klein sold 35,968 shares of Rocket Lab USA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.15, for a total transaction of $868,627.20. Following the transaction, the insider now owns 1,464,032 shares in the company, valued at $35,356,372.80. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,530 shares of company stock worth $2,944,700. 13.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RKLB shares. Bank of America increased their price target on shares of Rocket Lab USA from $10.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stifel Nicolaus increased their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. TD Cowen raised shares of Rocket Lab USA to a “strong-buy” rating in a research note on Thursday, December 19th. KeyCorp increased their price target on shares of Rocket Lab USA from $27.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of Rocket Lab USA from $13.50 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Rocket Lab USA presently has a consensus rating of “Moderate Buy” and an average price target of $22.28.

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.