Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $484,658.16 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $12.04, for a total transaction of $484,658.16. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $42,077,006.72. This represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $11.21 on Wednesday. The stock has a market capitalization of $2.00 billion, a PE ratio of -3.81 and a beta of 1.47. The company’s fifty day simple moving average is $9.61 and its 200-day simple moving average is $13.26. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analyst estimates of $66.07 million. As a group, research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LUNR shares. Benchmark restated a “buy” rating and set a $16.00 price target on shares of Intuitive Machines in a report on Tuesday, March 25th. Cantor Fitzgerald lifted their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. Roth Mkm reduced their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, B. Riley reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.06.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Intuitive Machines in the 4th quarter worth approximately $44,000. Rossby Financial LCC purchased a new position in shares of Intuitive Machines in the first quarter worth $67,000. Jones Financial Companies Lllp lifted its holdings in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after buying an additional 3,381 shares in the last quarter. Sigma Planning Corp bought a new position in shares of Intuitive Machines during the first quarter worth $78,000. Finally, Park Avenue Securities LLC purchased a new position in Intuitive Machines during the first quarter valued at $81,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.