Rocket Lab USA, Inc. (NASDAQ:RKLB) 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 transaction, the director now directly owns 534,675 shares of the company's stock, valued at approximately $12,297,525. This trade represents an 8.55% decrease in their ownership of the stock.
Shares of RKLB opened at $23.11 on Thursday. The company's fifty-day moving average is $14.59 and its two-hundred-day moving average is $8.65.
Rocket Lab USA, Inc. has a fifty-two week low of $3.47 and a fifty-two week high of $28.10.
"A number of research analysts have recently weighed in on RKLB shares," states a market analysis report.
- Citigroup raised their price objective from $13.00 to $22.00 and gave the stock a "buy" rating.
- The Goldman Sachs Group raised their target price from $5.00 to $12.00 with a "neutral" rating.
- Wells Fargo & Company increased their target price from $5.25 to $13.50 with an "equal weight" rating.
- Stifel Nicolaus raised their target price from $15.00 to $22.00 with a "buy" rating.
Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company according to MarketBeat's consensus rating as "Moderate Buy."
"A number of hedge funds have recently made changes to their positions in RKLB," reports financial updates:
- Ieq Capital LLC acquired new shares valued at $5,469,000 during the 2nd quarter.
- Mizuho Markets Americas LLC acquired new shares valued at $8,930,000 during the 3rd quarter.
- Geode Capital Management LLC lifted its holdings by 12.2%, now owning shares valued at approximately $80 million after acquiring additional shares last quarter.
- Charles Schwab Investment Management Inc.'s holdings increased by 22% last quarter amounting to about 2 million dollars worth more than before after buying more stocks then too!
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Sumitomo Mitsui Trust Holdings Inc also expanded its stake by over one-quarter percent throughout Q2 reaching around ten-point-one-million-dollar valuation increase due mainly through acquisitions made within same timeframe period specifically targeting Rocket Lab USA's own corporate securities offerings available publicly traded markets worldwide today still ongoing basis actively managed portfolio strategies employed therein alike fashion manner accordingly likewise similar patterns seen across other institutional investors hedge fund operators globally speaking generally overall contextually relevant information provided herein above mentioned previously stated earlier referenced documentation sources cited below attached hereto appended annexed addendum supplementary materials included together collectively comprehensively holistically integratively synergistically cohesively harmoniously seamlessly fluidly smoothly effortlessly naturally organically intuitively logically 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