Intuitive Machines (NASDAQ:LUNR) CEO Sells $1,389,716.03 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 86,803 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $16.01, for a total value of $1,389,716.03. Following the transaction, the chief executive officer owned 1,176,246 shares of the company’s stock, valued at $18,831,698.46. This represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intuitive Machines Stock Up 2.6%

NASDAQ LUNR traded up $0.41 during trading hours on Friday, hitting $16.13. The company had a trading volume of 5,930,927 shares, compared to its average volume of 10,358,101. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32. The business has a fifty day simple moving average of $17.01 and a 200-day simple moving average of $12.57. The firm has a market cap of $2.91 billion, a P/E ratio of -6.53 and a beta of 1.37.

Wall Street Analyst Weigh In

Several research analysts have commented on LUNR shares. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. KeyCorp upped their price objective on shares of Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the stock a “hold” rating in a report on Friday, January 9th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.27.

Institutional Trading of Intuitive Machines

Large investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC boosted its stake 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 acquiring an additional 416,337 shares in the last quarter. LBP AM SA raised its position in shares of Intuitive Machines by 87.2% during the third quarter. LBP AM SA now owns 256,417 shares of the company’s stock worth $2,698,000 after purchasing an additional 119,419 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Intuitive Machines by 36.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock valued at $5,121,000 after purchasing an additional 129,896 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Intuitive Machines in the 3rd quarter valued at $3,134,000. Finally, Ensign Peak Advisors Inc purchased a new position in Intuitive Machines in the 2nd quarter worth about $373,000. 72.21% of the stock is currently owned by institutional investors.

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.