Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 267,448 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 267,448 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.17, for a total value of $4,324,634.16. Following the sale, the director owned 3,494,768 shares of the company’s stock, valued at approximately $56,510,398.56. This represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, July 27th, Kamal Seyed Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total value of $624,399.60.
• On Monday, June 29th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87.
• On Monday, June 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $26.15, for a total transaction of $3,710,920.35.
• On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $39.02, for a total transaction of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $34.25, for a total transaction of $4,860,383.25.

Intuitive Machines Trading Up 2.9%

LUNR opened at $16.95 on Thursday. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75. The company has a market cap of $3.68 billion, a price-to-earnings ratio of -19.26 and a beta of 1.83. The company’s fifty day moving average price is $18.70 and its two-hundred day moving average price is $21.94.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. As a group, equities analysts forecast that Intuitive Machines, Inc. will post -0.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.31.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors have recently modified their holdings of LUNR. PNC Financial Services Group Inc. lifted its holdings in Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after acquiring an additional 712 shares during the period. Sigma Planning Corp grew its stake in Intuitive Machines by 8.8% in the 4th quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after purchasing an additional 886 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in Intuitive Machines by 9.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock valued at $206,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC increased its position in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Intuitive Machines by 3.6% during the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock valued at $558,000 after purchasing an additional 1,200 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

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.