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

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $20.43, for a total transaction of $2,899,200.87. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $71,398,110.24. This represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was 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 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 stock was 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 shares were 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 value of $3,292,288.80.

Intuitive Machines Trading Down 5.6%

Intuitive Machines stock opened at $20.20 on Thursday. The stock has a fifty day moving average price of $29.16 and a 200 day moving average price of $22.34. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The firm has a market capitalization of $4.38 billion, a P/E ratio of -22.95 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last issued 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 analysts’ expectations of $202.95 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in Intuitive Machines by 188.9% during the first quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock valued at $34,948,000 after buying an additional 1,231,188 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Intuitive Machines in the 1st quarter valued at $59,000. Janus Henderson Group PLC raised its stake in shares of Intuitive Machines by 38.9% in the 1st quarter. Janus Henderson Group PLC now owns 51,100 shares of the company’s stock valued at $947,000 after acquiring an additional 14,300 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Intuitive Machines by 28.2% during the 1st quarter. California State Teachers Retirement System now owns 126,442 shares of the company’s stock valued at $2,347,000 after acquiring an additional 27,793 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Intuitive Machines by 2.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 53,679 shares of the company’s stock valued at $996,000 after acquiring an additional 1,235 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th. KeyCorp increased their price target on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.50.

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.