Intuitive Machines (NASDAQ:LUNR) CEO Sells $621,519.07 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 41,407 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $15.01, for a total value of $621,519.07. Following the completion of the transaction, the chief executive officer owned 1,026,402 shares of the company’s stock, valued at $15,406,294.02. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Intuitive Machines Stock Down 1.1%

NASDAQ:LUNR traded down $0.18 on Tuesday, reaching $16.51. The company’s stock had a trading volume of 17,038,241 shares, compared to its average volume of 9,479,507. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95. The stock has a 50 day moving average price of $10.95 and a 200 day moving average price of $10.60. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -6.68 and a beta of 1.44.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. B. Riley lifted their price target on shares of Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Stifel Nicolaus initiated coverage on Intuitive Machines in a research note on Monday, November 3rd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 price objective on Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.25.

Hedge Funds Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently made changes to their positions in LUNR. Tealwood Asset Management Inc. increased its stake in shares of Intuitive Machines by 4.4% during the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock worth $224,000 after buying an additional 900 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after purchasing an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Intuitive Machines by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock worth $147,000 after purchasing an additional 1,499 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after purchasing an additional 1,800 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Intuitive Machines by 5.3% in the third quarter. SBI Securities Co. Ltd. now owns 38,115 shares of the company’s stock valued at $401,000 after buying an additional 1,911 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.