Insider Selling: Intuitive Machines (NASDAQ:LUNR) SVP Sells 150,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the completion of the transaction, the senior vice president directly owned 359,726 shares of the company’s stock, valued at approximately $6,313,191.30. The trade was a 29.43% 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.

Timothy Price Crain II also recently made the following trade(s):

• On Wednesday, February 11th, Timothy Price Crain II sold 23,226 shares of Intuitive Machines stock. The stock was sold at an average price of $17.44, for a total transaction of $405,061.44.
• On Friday, January 16th, Timothy Price Crain II sold 24,155 shares of Intuitive Machines stock. The stock was sold at an average price of $20.04, for a total value of $484,066.20.
• On Thursday, January 15th, Timothy Price Crain II sold 170,185 shares of Intuitive Machines stock. The shares were sold at an average price of $20.06, for a total value of $3,413,911.10.
• On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The stock was sold at an average price of $20.00, for a total value of $113,200.00.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $2.48 during trading on Monday, reaching $20.31. The company’s stock had a trading volume of 18,975,042 shares, compared to its average volume of 11,128,229. The firm has a fifty day moving average of $18.40 and a 200 day moving average of $14.03. Intuitive Machines, Inc. has a one year low of $6.14 and a one year high of $23.32. The stock has a market capitalization of $3.66 billion, a PE ratio of -27.45 and a beta of 1.40.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $44.79 million for the quarter, compared to analysts’ expectations of $53.37 million. Research analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LUNR. Stifel Nicolaus boosted their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Canaccord Genuity Group upped their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp lifted their price target on Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines currently has an average rating of “Moderate Buy” and a consensus price target of $19.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LUNR. Rockefeller Capital Management L.P. boosted its holdings in Intuitive Machines by 7.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 63,925 shares of the company’s stock valued at $1,038,000 after acquiring an additional 4,500 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Intuitive Machines in the 4th quarter worth approximately $2,612,000. Sunbelt Securities Inc. lifted its position in Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after purchasing an additional 1,738 shares during the last quarter. Invesco Ltd. lifted its position in Intuitive Machines by 7.6% in the fourth quarter. Invesco Ltd. now owns 63,475 shares of the company’s stock valued at $1,030,000 after purchasing an additional 4,462 shares during the last quarter. Finally, Virtue Capital Management LLC boosted its stake in shares of Intuitive Machines by 151.4% during the fourth quarter. Virtue Capital Management LLC now owns 54,342 shares of the company’s stock valued at $972,000 after purchasing an additional 32,730 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.