Atria Wealth Solutions Inc. Trims Position in Rocket Lab USA, Inc. (NASDAQ:RKLB)

Atria Wealth Solutions Inc. trimmed its position in Rocket Lab USA, Inc. (NASDAQ:RKLB) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,585 shares of the rocket manufacturer’s stock after selling 3,815 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Rocket Lab USA were worth $881,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wingate Wealth Advisors Inc. purchased a new stake in Rocket Lab USA in the 4th quarter worth approximately $40,000. New Millennium Group LLC increased its holdings in shares of 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 purchasing an additional 1,050 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Rocket Lab USA during the fourth quarter valued at $76,000. Principal Securities Inc. boosted its stake in Rocket Lab USA by 137.3% during the fourth quarter. Principal Securities Inc. now owns 5,356 shares of the rocket manufacturer’s stock valued at $136,000 after buying an additional 3,099 shares during the period. Finally, Avior Wealth Management LLC grew its position in Rocket Lab USA by 478.6% during the fourth quarter. Avior Wealth Management LLC now owns 6,966 shares of the rocket manufacturer’s stock worth $177,000 after buying an additional 5,762 shares in the last quarter. 71.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Rocket Lab USA from $22.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald lifted their target price on shares of Rocket Lab USA from $7.00 to $24.00 and gave the company an “overweight” rating in a research report 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 report on Wednesday, January 8th. TD Cowen raised shares of Rocket Lab USA to a “strong-buy” rating in a report on Thursday, December 19th. Finally, KeyCorp increased their target price on Rocket Lab USA from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.28.

Rocket Lab USA Stock Performance

NASDAQ RKLB opened at $22.49 on Tuesday. The company has a 50-day simple moving average of $27.09 and a two-hundred day simple moving average of $17.45. Rocket Lab USA, Inc. has a 12-month low of $3.47 and a 12-month high of $33.34. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of -60.78 and a beta of 1.99. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97.

Insider Activity

In other Rocket Lab USA news, Director Nina Armagno sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.63, for a total value of $236,300.00. Following the completion of the sale, the director now owns 132,294 shares in the company, valued at approximately $3,126,107.22. The trade was a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander R. Slusky sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 in the company, valued at $12,297,525. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. 13.70% of the stock is currently owned by corporate insiders.

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.