Insider Selling: Intuitive Machines (NASDAQ:LUNR) SVP Sells $752,500.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Crain, II sold 50,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $15.05, for a total value of $752,500.00. Following the sale, the senior vice president owned 351,279 shares of the company’s stock, valued at approximately $5,286,748.95. This trade represents a 12.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, Timothy Crain, II sold 100,000 shares of Intuitive Machines stock. The shares were sold at an average price of $13.98, for a total value of $1,398,000.00.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $15.70 on Friday. The stock’s 50-day simple moving average is $15.20 and its two-hundred day simple moving average is $21.48. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of -16.53 and a beta of 1.85. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. As a group, equities analysts forecast that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after purchasing an additional 712 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Intuitive Machines by 9.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock worth $206,000 after purchasing an additional 1,000 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares in the last quarter. Nykredit A S bought a new position in Intuitive Machines in the 2nd quarter worth approximately $25,000. Finally, Handelsbanken Fonder AB boosted its stake in 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 purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Monday. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Finally, Bank of America lifted their target price on Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, August 31st. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines’ Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA’s Commercial Lunar Payload Services program.