Insider Selling: Intuitive Machines (NASDAQ:LUNR) Director Sells $27,168.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 1,698 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $16.00, for a total value of $27,168.00. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at $55,916,288. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock. The shares were sold at an average price of $15.40, for a total value of $1,456,932.40.
• 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 shares were 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 stock was 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 Performance

Shares of LUNR stock opened at $14.35 on Friday. The company 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 fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock has a 50 day moving average price of $15.44 and a two-hundred day moving average price of $21.64.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LUNR shares. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and lowered their price objective for the company from $32.00 to $26.00 in a research note on Friday, August 14th. Cantor Fitzgerald dropped their target price on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 14th. B. Riley Financial cut their target price on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Roth Capital set a $30.00 price target on Intuitive Machines in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Trustees of the University of Pennsylvania bought a new stake in shares of Intuitive Machines during the 4th quarter valued at about $52,689,000. Tema ETFs LLC raised its stake in Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after buying an additional 3,102,854 shares in the last quarter. Tidal Investments LLC bought a new position in Intuitive Machines in the second quarter worth about $64,452,000. California State Teachers Retirement System lifted its holdings in Intuitive Machines by 2,309.3% in the second quarter. California State Teachers Retirement System now owns 3,046,364 shares of the company’s stock worth $65,162,000 after buying an additional 2,919,922 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after buying an additional 2,386,688 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

About Intuitive Machines

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.