Intuitive Machines (NASDAQ:LUNR) CFO Peter Mcgrath Sells 25,541 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Peter Mcgrath sold 25,541 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total transaction of $445,435.04. Following the sale, the chief financial officer owned 425,800 shares in the company, valued at $7,425,952. This represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intuitive Machines Price Performance

Intuitive Machines stock traded up $0.41 during midday trading on Friday, reaching $16.13. The stock had a trading volume of 5,930,927 shares, compared to its average volume of 10,358,101. 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 firm’s fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $12.57.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares in the last quarter. Sigma Planning Corp raised its position in Intuitive Machines by 8.8% during the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after acquiring an additional 886 shares in the last quarter. Tealwood Asset Management Inc. lifted its stake in Intuitive Machines by 4.4% in the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after acquiring an additional 900 shares during the last quarter. Larson Financial Group LLC lifted its stake in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after acquiring an additional 1,127 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LUNR has been the topic of a number of research analyst reports. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. B. Riley Financial raised their price objective on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Roth Mkm reaffirmed 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 stock a “buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Nine 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.27.

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.