Insider Selling: Intuitive Machines (NASDAQ:LUNR) Director Sells 18,321 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director William John Liquori, Jr. sold 18,321 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the sale, the director directly owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intuitive Machines Stock Up 1.3%

LUNR traded up $0.38 on Monday, hitting $29.74. 9,050,288 shares of the company traded hands, compared to its average volume of 13,532,454. The company has a 50 day moving average of $28.90 and a 200-day moving average of $20.64. The stock has a market capitalization of $6.45 billion, a PE ratio of -33.80 and a beta of 1.68. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. On average, research analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on LUNR shares. Roth Mkm upped their price objective on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Canaccord Genuity Group boosted their target price on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Intuitive Machines currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of LUNR. Invesco Ltd. grew its holdings in shares of Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after acquiring an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after acquiring an additional 7,528 shares during the period. Caxton Associates LLP acquired a new stake in shares of Intuitive Machines in the 1st quarter worth approximately $139,000. Creative Planning grew its holdings in shares of Intuitive Machines by 29.3% in the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after acquiring an additional 6,886 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Intuitive Machines by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after acquiring an additional 2,506 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.