Kamal Seyed Ghaffarian Sells 94,606 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $15.40, for a total transaction of $1,456,932.40. Following the completion of the transaction, the director owned 3,494,768 shares in the company, valued at $53,819,427.20. This trade represents a 2.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Wednesday, September 9th, Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock. The shares were sold at an average price of $16.00, for a total transaction of $27,168.00.
• On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $16.87, for a total value of $2,394,004.83.
• On Monday, August 10th, Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock. The stock was sold at an average price of $16.17, for a total value of $4,324,634.16.
• On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total value of $624,399.60.
• On Monday, June 29th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $20.43, for a total value of $2,899,200.87.
• On Monday, June 15th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $26.15, for a total value of $3,710,920.35.

Intuitive Machines Stock Down 1.8%

LUNR opened at $14.35 on Friday. The stock’s 50 day moving average price is $15.44 and its two-hundred day moving average price is $21.64. The firm has a market capitalization of $3.29 billion, a P/E ratio of -15.11 and a beta of 1.85. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) 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 the consensus estimate of $212.32 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of research reports. Bank of America increased their price target on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, August 31st. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and cut their price objective for the company from $32.00 to $26.00 in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Canaccord Genuity Group cut their price target on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Institutional Trading of Intuitive Machines

A number of large investors have recently bought and sold shares of the stock. Nykredit A S acquired a new stake in shares of Intuitive Machines during the 2nd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in Intuitive Machines in the fourth quarter valued at about $28,000. State of Wyoming bought a new stake in Intuitive Machines during the first quarter worth about $39,000. Larson Financial Group LLC grew its stake in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings 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. 72.21% of the stock is currently owned by institutional investors.

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.