Timothy Price Crain II Sells 5,660 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 5,660 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $20.00, for a total transaction of $113,200.00. Following the transaction, the senior vice president directly owned 298,435 shares in the company, valued at approximately $5,968,700. This represents a 1.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Timothy Price Crain II also recently made the following trade(s):

• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The stock was sold at an average price of $16.04, for a total value of $3,208,000.00.
• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The shares were sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Stock Performance

Shares of LUNR stock traded up $0.64 during trading hours on Monday, hitting $19.20. 10,426,356 shares of the company were exchanged, compared to its average volume of 12,508,742. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -7.77 and a beta of 1.37. The business’s 50-day simple moving average is $12.44 and its two-hundred day simple moving average is $11.30. Intuitive Machines, Inc. has a one year low of $6.14 and a one year high of $24.95.

Hedge Funds Weigh In On Intuitive Machines

Several large investors have recently made changes to their positions in LUNR. ARK Investment Management LLC grew its holdings in shares of Intuitive Machines by 56.1% during the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after purchasing an additional 416,337 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $373,000. Voya Investment Management LLC lifted its holdings in shares of Intuitive Machines by 56.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after acquiring an additional 954,778 shares during the period. Intech Investment Management LLC boosted its position in shares of Intuitive Machines by 96.6% during the 2nd quarter. Intech Investment Management LLC now owns 77,390 shares of the company’s stock valued at $841,000 after acquiring an additional 38,017 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in Intuitive Machines in the second quarter valued at about $314,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Roth Capital reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. B. Riley raised 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. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Finally, KeyCorp started coverage on shares of Intuitive Machines in a research report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.