11,545 Shares in Rocket Lab Corporation $RKLB Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new position in Rocket Lab Corporation (NASDAQ:RKLB) during the 4th quarter, HoldingsChannel reports. The fund acquired 11,545 shares of the rocket manufacturer’s stock, valued at approximately $805,000.

Other institutional investors have also bought and sold shares of the company. Aventura Private Wealth LLC bought a new stake in Rocket Lab during the fourth quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in Rocket Lab during the fourth quarter valued at $32,000. DecisionPoint Financial LLC boosted its position in Rocket Lab by 91.1% during the fourth quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer’s stock valued at $33,000 after acquiring an additional 225 shares during the last quarter. Asset Dedication LLC bought a new stake in Rocket Lab during the fourth quarter valued at $33,000. Finally, Eagle Bay Advisors LLC bought a new stake in Rocket Lab during the fourth quarter valued at $35,000. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Price Performance

Shares of NASDAQ RKLB opened at $78.81 on Friday. The firm’s 50-day moving average price is $72.26 and its 200-day moving average price is $68.20. Rocket Lab Corporation has a 1-year low of $20.23 and a 1-year high of $99.58. The firm has a market capitalization of $44.88 billion, a P/E ratio of -212.99 and a beta of 2.30. The company has a current ratio of 4.08, a quick ratio of 3.61 and a debt-to-equity ratio of 0.10.

Insider Activity

In other news, SVP Arjun Kampani sold 28,761 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $2,001,477.99. Following the transaction, the senior vice president owned 421,699 shares in the company, valued at approximately $29,346,033.41. This represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter Beck sold 18,857 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $69.59, for a total transaction of $1,312,258.63. Following the transaction, the chief executive officer owned 884,085 shares in the company, valued at $61,523,475.15. This represents a 2.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 233,449 shares of company stock valued at $16,487,233. Corporate insiders own 8.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on RKLB shares. Needham & Company LLC cut their price target on shares of Rocket Lab from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Citizens Jmp raised shares of Rocket Lab from a “market perform” rating to an “outperform” rating and set a $85.00 price target on the stock in a research report on Tuesday, April 7th. Bank of America upped their price target on shares of Rocket Lab from $60.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 price target on shares of Rocket Lab in a research report on Friday, March 13th. Finally, The Goldman Sachs Group upped their price target on shares of Rocket Lab from $47.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rocket Lab currently has an average rating of “Moderate Buy” and an average 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

Rocket Lab Profile

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.