Intuitive Machines (NASDAQ:LUNR) Director Sells $3,567,592.26 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.14, for a total value of $3,567,592.26. Following the transaction, the director owned 3,494,768 shares in the company, valued at approximately $87,858,467.52. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $28.16, for a total value of $3,996,157.44.
• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $23.20, for a total value of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Trading Up 20.2%

Shares of LUNR opened at $28.97 on Friday. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $31.15. The stock has a market cap of $6.28 billion, a P/E ratio of -39.15 and a beta of 1.47. The stock’s 50-day moving average price is $21.51 and its two-hundred day moving average price is $16.98.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million for the quarter, compared to the consensus estimate of $53.37 million. As a group, equities analysts forecast that Intuitive Machines, Inc. will post -0.04 EPS for the current year.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. International Assets Investment Management LLC acquired a new stake in Intuitive Machines in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC raised its position in 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 during the last quarter. Larson Financial Group LLC raised its position in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares during the last quarter. CWM LLC raised its position in Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after buying an additional 2,337 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after buying an additional 1,738 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

LUNR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, March 20th. KeyCorp lifted their price target on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Roth Mkm lifted their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.55.

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.