Insider Selling: Intuitive Machines (NASDAQ:LUNR) CEO Sells $1,178,324.84 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 58,828 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $20.03, for a total transaction of $1,178,324.84. Following the sale, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at approximately $20,558,832.06. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $20.61 on Friday. The firm’s 50 day moving average price is $14.13 and its two-hundred day moving average price is $11.81. Intuitive Machines, Inc. has a 52-week low of $6.14 and a 52-week high of $24.95. The stock has a market cap of $3.71 billion, a PE ratio of -8.34 and a beta of 1.37.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LUNR. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, B. Riley lifted their price target on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.73.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after acquiring an additional 717,256 shares during the period. Bank of America Corp DE increased its holdings in Intuitive Machines by 18.4% during the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after purchasing an additional 415,359 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Intuitive Machines by 56.1% in the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after purchasing an additional 954,778 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Intuitive Machines by 78.6% in the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after purchasing an additional 1,141,454 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Intuitive Machines by 53.4% during the third quarter. UBS Group AG now owns 2,537,866 shares of the company’s stock worth $26,698,000 after buying an additional 883,513 shares during the period. 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.