Intuitive Machines (NASDAQ:LUNR) Director Sells $4,860,383.25 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $34.25, for a total value of $4,860,383.25. Following the completion of the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $119,695,804. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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, 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 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.
• 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 value of $5,330,102.04.

Intuitive Machines Stock Up 11.7%

LUNR opened at $38.26 on Friday. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $38.55. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of -43.48 and a beta of 1.47. The business has a 50 day moving average of $25.06 and a 200-day moving average of $18.61.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data 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 firm had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. As a group, analysts expect that Intuitive Machines, Inc. will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Intuitive Machines during the 4th quarter worth $28,000. State of Wyoming bought a new position in Intuitive Machines during the 1st quarter worth $39,000. GAMMA Investing LLC increased its stake in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the period. Larson Financial Group LLC increased its stake in Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the period. Finally, CWM LLC increased its stake in Intuitive Machines by 406.4% during the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares during the period. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. B. Riley Financial lifted their price target on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Cantor Fitzgerald lifted their price target on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday. Canaccord Genuity Group lifted their price target on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Stifel Nicolaus set a $32.00 price target on Intuitive Machines in a report on Friday, May 15th. Finally, Zacks Research cut Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.