Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 200,000 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $16.04, for a total value of $3,208,000.00. Following the completion of the transaction, the senior vice president owned 298,435 shares in the company, valued at $4,786,897.40. The trade was a 40.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The shares were sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR traded down $0.18 during midday trading on Tuesday, reaching $16.51. The company had a trading volume of 17,038,241 shares, compared to its average volume of 9,479,507. The company has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average 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. Intuitive Machines, Inc. has a 1-year low of $6.14 and a 1-year high of $24.95.

Institutional Trading of Intuitive Machines

Several large investors have recently modified their holdings of LUNR. Golden State Wealth Management LLC grew its position in shares of Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after purchasing an additional 1,800 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake 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 purchasing an additional 1,127 shares during the period. Quarry LP grew its holdings in Intuitive Machines by 151.4% in the 3rd 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. acquired a new stake in Intuitive Machines in the 3rd quarter valued at approximately $94,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Intuitive Machines in the 3rd quarter worth approximately $109,000. 72.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LUNR shares. B. Riley lifted their price objective on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus started coverage on Intuitive Machines in a research report on Monday, November 3rd. They issued a “buy” rating and a $18.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. Bank of America raised their price objective on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 19th. Finally, Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.