Headlands Technologies LLC Has $306,000 Holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Headlands Technologies LLC lifted its holdings in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 1,190.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,327 shares of the rocket manufacturer’s stock after purchasing an additional 51,041 shares during the period. Headlands Technologies LLC’s holdings in Rocket Lab USA were worth $306,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Rocket Lab USA in the fourth quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC bought a new position in shares of Rocket Lab USA in the third quarter valued at $40,000. Wealthfront Advisers LLC acquired a new position in Rocket Lab USA during the third quarter worth $44,000. CenterBook Partners LP bought a new stake in Rocket Lab USA during the third quarter worth $44,000. Finally, MQS Management LLC acquired a new stake in Rocket Lab USA in the third quarter valued at $44,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Insiders Place Their Bets

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

Rocket Lab USA Price Performance

Shares of RKLB stock opened at $3.77 on Friday. Rocket Lab USA, Inc. has a 12-month low of $3.47 and a 12-month high of $8.05. The firm has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $4.47. 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 announced its earnings results 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). The firm had revenue of $59.99 million for the quarter, compared to the consensus estimate of $62.90 million. Rocket Lab USA had a negative return on equity of 30.54% and a negative net margin of 74.64%. Rocket Lab USA’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. Research analysts predict that Rocket Lab USA, Inc. will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RKLB shares. Wells Fargo & Company dropped their target price on shares of Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. KeyCorp began coverage on Rocket Lab USA in a research note on Wednesday, January 17th. They issued an “overweight” rating and a $8.00 price objective on the stock. Finally, Citigroup reiterated a “buy” rating and set a $6.00 target price on shares of Rocket Lab USA in a research note on Monday, February 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.46.

Rocket Lab USA 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.