Insider Selling: Intuitive Machines (NASDAQ:LUNR) SVP Sells $3,280,500.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the sale, the senior vice president owned 351,279 shares in the company, valued at $7,682,471.73. The trade was a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Wednesday, April 15th, Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock. The stock was sold at an average price of $23.61, for a total transaction of $199,433.67.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $19.11 on Thursday. The firm has a market capitalization of $4.15 billion, a PE ratio of -21.71 and a beta of 1.68. The business’s fifty day moving average price is $29.74 and its 200 day moving average price is $22.05. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75.

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

Analyst Ratings Changes

LUNR has been the subject of a number of research analyst reports. Cantor Fitzgerald upped their price target on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Wednesday. Zacks Research downgraded shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Canaccord Genuity Group upped their target price on shares of Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after buying an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Intuitive Machines by 43.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock valued at $184,000 after acquiring an additional 7,528 shares during the period. Caxton Associates LLP purchased a new position in shares of Intuitive Machines during the first quarter worth approximately $139,000. Creative Planning grew its position in shares of Intuitive Machines by 29.3% during the second 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 last quarter. Finally, Cetera Investment Advisers grew its position in shares of Intuitive Machines by 15.3% during the second 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 last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.