Kamal Seyed Ghaffarian Sells 141,909 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35. Following the sale, the director directly owned 3,494,768 shares in the company, valued at $91,388,183.20. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed 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, 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 value of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $25.14, for a total value of $3,567,592.26.
• 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 shares were sold at an average price of $23.20, for a total transaction of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total transaction of $5,330,102.04.

Intuitive Machines Trading Up 0.6%

Shares of LUNR opened at $22.85 on Friday. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of -25.97 and a beta of 1.68. The firm’s fifty day simple moving average is $29.91 and its 200-day simple moving average is $21.73. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. On average, analysts predict that Intuitive Machines, Inc. will post -0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on LUNR. Cantor Fitzgerald upped their price objective on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Zacks Research cut Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. B. Riley Financial upped their price target on Intuitive Machines to $45.00 and gave the company a “buy” rating in a report on Friday, May 15th. KeyCorp raised their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.50.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Intuitive Machines during the 4th quarter worth approximately $28,000. State of Wyoming purchased a new stake in Intuitive Machines in the first quarter valued at approximately $39,000. GAMMA Investing LLC lifted its stake in Intuitive Machines by 41.5% in the fourth 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 boosted its holdings in shares of Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the period. Finally, CWM LLC boosted its holdings in shares of Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after acquiring an additional 2,337 shares during the period. 72.21% of the stock is owned by hedge funds and other 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.