Intuitive Machines (NASDAQ:LUNR) SVP Sells $752,500.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Crain, II sold 50,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $15.05, for a total value of $752,500.00. Following the completion of the transaction, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $5,286,748.95. This represents a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 18th, Timothy Crain, II sold 100,000 shares of Intuitive Machines stock. The shares were sold at an average price of $13.98, for a total transaction of $1,398,000.00.

Intuitive Machines Trading Up 3.3%

LUNR stock traded up $0.52 during mid-day trading on Tuesday, reaching $16.24. The company’s stock had a trading volume of 8,317,020 shares, compared to its average volume of 12,179,369. The company’s 50 day moving average is $15.12 and its two-hundred day moving average is $21.53. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock has a market cap of $3.72 billion, a PE ratio of -17.09 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. On average, analysts forecast that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Institutional Trading of Intuitive Machines

Several institutional investors have recently added to or reduced their stakes in the stock. Nykredit A S purchased a new stake in Intuitive Machines in the second quarter valued at approximately $25,000. State of Wyoming purchased a new position in Intuitive Machines in the 1st quarter valued at approximately $39,000. Larson Financial Group LLC grew its stake in Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 buying an additional 712 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Intuitive Machines during the first quarter worth approximately $59,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

LUNR has been the subject of a number of recent research reports. Canaccord Genuity Group cut their target price on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 18th. Roth Capital set a $30.00 price target on shares of Intuitive Machines in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Bank of America lifted their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, August 31st. Finally, Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.50.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines’ Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA’s Commercial Lunar Payload Services program.