Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 86,803 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 86,803 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $16.01, for a total value of $1,389,716.03. Following the sale, the chief executive officer directly owned 1,176,246 shares of the company’s stock, valued at $18,831,698.46. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Intuitive Machines Stock Up 2.6%

LUNR stock opened at $16.13 on Friday. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $23.32. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -6.53 and a beta of 1.37. The business’s fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $12.57.

Trending Headlines about Intuitive Machines

Here are the key news stories impacting Intuitive Machines this week:

• Neutral Sentiment: Short-interest reports for Feb. 12–13 show 0 shares shorted and a 0.0 days short-interest ratio; filings include nonsensical “NaN” increases, indicating a reporting error or data artifact rather than a genuine change in bearish positioning.
• Negative Sentiment: CEO Stephen J. Altemus sold 86,803 shares at an average price of $16.01 (reducing his stake ~6.87%). This is the largest insider sale disclosed and may be viewed negatively by investors. SEC Filing: Altemus Sale
• Negative Sentiment: CFO Peter McGrath sold 25,541 shares at an average price of $17.44 (a ~5.66% stake reduction), a sizable executive sale that could raise governance or confidence questions for some investors. SEC Filing: McGrath Sale
• Negative Sentiment: SVP Timothy Price Crain II sold 23,226 shares at an average price of $17.44 (a ~6.06% reduction), another insider sale adding to the pattern of executive liquidity taking. SEC Filing: Crain Sale
• Negative Sentiment: Insider Steven Vontur sold 4,343 shares at an average price of $17.44 (a ~3.58% stake reduction), a smaller but similar directional trade by management. SEC Filing: Vontur Sale

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LUNR. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. B. Riley Financial increased their price objective on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. KeyCorp lifted their target price on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Bank of America upped their target price on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a report on Wednesday, November 19th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.27.

Institutional Trading of Intuitive Machines

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock valued at $64,067,000 after buying an additional 717,256 shares during the period. Trustees of the University of Pennsylvania purchased a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $52,689,000. UBS Group AG lifted its position in shares of Intuitive Machines by 22.0% during the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock valued at $50,238,000 after buying an additional 557,517 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Intuitive Machines by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,084 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in 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. Hedge funds and other 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.