Rocket Lab Corporation $RKLB Stock Position Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 464.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,541 shares of the rocket manufacturer’s stock after buying an additional 20,195 shares during the quarter. D.A. Davidson & CO.’s holdings in Rocket Lab were worth $1,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Sara Bay Financial lifted its holdings in Rocket Lab by 0.7% during the 4th quarter. Sara Bay Financial now owns 15,905 shares of the rocket manufacturer’s stock worth $1,121,000 after buying an additional 117 shares during the last quarter. ORG Partners LLC lifted its holdings in Rocket Lab by 9.1% during the 4th quarter. ORG Partners LLC now owns 1,458 shares of the rocket manufacturer’s stock worth $102,000 after buying an additional 121 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Rocket Lab by 1.9% in the 4th quarter. Traynor Capital Management Inc. now owns 7,191 shares of the rocket manufacturer’s stock worth $502,000 after purchasing an additional 133 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of Rocket Lab by 1.0% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 13,466 shares of the rocket manufacturer’s stock worth $939,000 after purchasing an additional 136 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of Rocket Lab by 2.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 10,432 shares of the rocket manufacturer’s stock worth $500,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab

In related news, Director Merline Saintil sold 18,126 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $75.04, for a total value of $1,360,175.04. Following the sale, the director directly owned 261,903 shares in the company, valued at $19,653,201.12. This trade represents a 6.47% decrease in their position. 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 62,744 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $4,366,354.96. Following the completion of the sale, the chief financial officer owned 1,296,824 shares in the company, valued at approximately $90,245,982.16. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 233,449 shares of company stock worth $16,487,233 over the last quarter. Insiders own 8.40% of the company’s stock.

Rocket Lab Stock Down 4.5%

RKLB opened at $78.81 on Friday. Rocket Lab Corporation has a 12 month low of $20.23 and a 12 month high of $99.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.08 and a quick ratio of 3.61. The stock has a market cap of $44.88 billion, a P/E ratio of -212.99 and a beta of 2.30. The stock’s 50 day moving average price is $72.26 and its 200 day moving average price is $68.22.

Analysts Set New Price Targets

Several brokerages recently issued reports on RKLB. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of Rocket Lab in a report on Monday, April 20th. Morgan Stanley raised Rocket Lab from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $67.00 to $105.00 in a report on Friday, January 16th. TD Cowen reissued a “buy” rating on shares of Rocket Lab in a report on Thursday, January 22nd. Zacks Research downgraded Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Roth Mkm raised their price target on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.31.

Key Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: High-profile endorsement: Jim Cramer said on Mad Money that “I think that Rocket Lab is a winner,” a bullish retail-media signal that can drive short-term buying interest and confidence among long-term holders. Jim Cramer Says “I Think That Rocket Lab Is a Winner”
• Positive Sentiment: Echoed coverage: Independent financial sites republished Cramer’s comments, reinforcing the same bullish narrative and broadening reach to investors who follow newsletters and aggregation sites. Jim Cramer Says “I Think That Rocket Lab Is a Winner” (InsiderMonkey)
• Neutral Sentiment: Sector product development (possible competitive context): Planet Labs and Carbon Mapper announced a specialized Tanager spacecraft for shortwave infrared (SWIR) imaging — a development in the small-sat remote-sensing market that could affect demand dynamics for satellite platforms and data services but does not directly announce business with or against Rocket Lab. Monitor whether this spurs new customer spending or demand for launch and spacecraft buses. Planet Labs & Carbon Mapper To Develop Specialized Tanager Spacecraft

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.