Legacy Capital Wealth Partners LLC Has $373,000 Position in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Legacy Capital Wealth Partners LLC reduced its position in shares of Rocket Lab USA, Inc. (NASDAQ:RKLB) by 49.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,643 shares of the rocket manufacturer’s stock after selling 14,404 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Rocket Lab USA were worth $373,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its stake in Rocket Lab USA by 0.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 79,943 shares of the rocket manufacturer’s stock valued at $2,187,000 after purchasing an additional 334 shares during the period. New Millennium Group LLC grew its holdings in shares of Rocket Lab USA by 105.0% during the 4th quarter. New Millennium Group LLC now owns 2,050 shares of the rocket manufacturer’s stock valued at $52,000 after acquiring an additional 1,050 shares in the last quarter. Smith Anglin Financial LLC grew its holdings in shares of Rocket Lab USA by 10.3% during the 4th quarter. Smith Anglin Financial LLC now owns 11,746 shares of the rocket manufacturer’s stock valued at $299,000 after acquiring an additional 1,096 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Rocket Lab USA by 14.0% during the 4th quarter. Spire Wealth Management now owns 11,400 shares of the rocket manufacturer’s stock valued at $290,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Rocket Lab USA during the 4th quarter valued at $40,000. 71.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rocket Lab USA

In other news, Director Alexander R. Slusky sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $23.00, for a total transaction of $1,150,000.00. Following the completion of the transaction, the director now owns 534,675 shares of the company’s stock, valued at approximately $12,297,525. This represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nina Armagno sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.63, for a total transaction of $236,300.00. Following the transaction, the director now directly owns 132,294 shares of the company’s stock, valued at $3,126,107.22. This represents a 7.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,530 shares of company stock worth $2,944,700 over the last ninety days. Company insiders own 13.70% of the company’s stock.

Rocket Lab USA Stock Down 1.0 %

RKLB stock opened at $28.02 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. Rocket Lab USA, Inc. has a 52-week low of $3.47 and a 52-week high of $33.34. The company has a 50-day moving average of $26.80 and a two-hundred day moving average of $16.69. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of -75.73 and a beta of 1.99.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen upgraded shares of Rocket Lab USA to a “strong-buy” rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their price target on shares of Rocket Lab USA from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Citigroup upped their price objective on shares of Rocket Lab USA from $22.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of Rocket Lab USA from $13.50 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Finally, KeyCorp upped their price objective on shares of Rocket Lab USA from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.28.

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.