Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 12,669 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 12,669 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $20.00, for a total value of $253,380.00. Following the completion of the transaction, the chief executive officer owned 1,026,402 shares of the company’s stock, valued at $20,528,040. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intuitive Machines Stock Performance

NASDAQ LUNR traded up $0.64 during trading hours on Monday, hitting $19.20. The company had a trading volume of 10,426,356 shares, compared to its average volume of 12,508,742. The firm has a 50 day simple moving average of $12.44 and a 200 day simple moving average of $11.30. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -7.77 and a beta of 1.37. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95.

Institutional Investors Weigh In On Intuitive Machines

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Intuitive Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after acquiring an additional 717,256 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock valued at $28,165,000 after buying an additional 415,359 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Intuitive Machines by 56.1% during the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after purchasing an additional 954,778 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Intuitive Machines by 78.6% during the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after acquiring an additional 1,141,454 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Intuitive Machines by 53.4% in the third quarter. UBS Group AG now owns 2,537,866 shares of the company’s stock valued at $26,698,000 after buying an additional 883,513 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LUNR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Bank of America upped their price objective on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. B. Riley increased their price objective on shares of Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Finally, KeyCorp began coverage on shares of Intuitive Machines in a research report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.