Intuitive Machines (NASDAQ:LUNR) Director Sells $5,330,102.04 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 283,818 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at approximately $65,631,743.04. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intuitive Machines Stock Down 6.7%

Shares of LUNR opened at $16.35 on Tuesday. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $23.32. The stock has a market cap of $3.54 billion, a PE ratio of -22.09 and a beta of 1.40. The business’s 50-day moving average price is $18.25 and its 200-day moving average price is $14.46.

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

Analysts Set New Price Targets

LUNR has been the subject of several analyst reports. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Canaccord Genuity Group lifted their price objective on Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, March 20th. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. Eight investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.94.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after buying an additional 781 shares during the last quarter. Sigma Planning Corp grew its position in Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after acquiring an additional 886 shares during the last quarter. Tealwood Asset Management Inc. raised its stake in shares of Intuitive Machines by 4.4% during the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock worth $224,000 after acquiring an additional 900 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Intuitive Machines by 3.6% in the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock worth $558,000 after acquiring an additional 1,200 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Company Profile

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.