Intuitive Machines (NASDAQ:LUNR) SVP Sells $2,133,000.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $14.22, for a total transaction of $2,133,000.00. Following the completion of the sale, the senior vice president directly owned 298,435 shares in the company, valued at approximately $4,243,745.70. The trade was a 33.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Timothy Price Crain II also recently made the following trade(s):

• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The stock was sold at an average price of $16.04, for a total transaction of $3,208,000.00.

Intuitive Machines Price Performance

NASDAQ LUNR traded down $0.18 during trading 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. The firm has a fifty day moving average of $10.95 and a 200 day moving average of $10.60. Intuitive Machines, Inc. has a one year low of $6.14 and a one year high of $24.95. The stock has a market capitalization of $2.98 billion, a PE ratio of -6.68 and a beta of 1.44.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its position in shares of Intuitive Machines by 180.0% in the 2nd 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. Nisa Investment Advisors LLC increased its position in Intuitive Machines by 35.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after buying an additional 1,127 shares in the last quarter. Quarry LP raised its stake in Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after buying an additional 3,889 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Intuitive Machines in the third quarter worth $94,000. Finally, Freedom Investment Management Inc. grew its stake in shares of Intuitive Machines by 30.4% in the first quarter. Freedom Investment Management Inc. now owns 14,061 shares of the company’s stock worth $105,000 after acquiring an additional 3,281 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LUNR. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a report on Friday, November 7th. B. Riley lifted their target price on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. KeyCorp began coverage on Intuitive Machines in a research note on Thursday. They set an “overweight” rating and a $20.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

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.