Stephen Altemus Sells 416,086 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 416,086 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $18.08, for a total value of $7,522,834.88. Following the completion of the transaction, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at approximately $18,557,348.16. The trade was a 28.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $0.46 on Tuesday, reaching $18.82. The company’s stock had a trading volume of 8,688,275 shares, compared to its average volume of 11,179,374. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $24.95. The firm’s 50 day moving average is $11.86 and its two-hundred day moving average is $11.06.

Analyst Ratings Changes

Several research firms have recently weighed in on LUNR. Canaccord Genuity Group decreased their target price on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a research report on Friday, November 7th. Stifel Nicolaus began 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. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC grew its position in 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 during the last quarter. GAMMA Investing LLC increased its stake in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares during the period. Nisa Investment Advisors LLC increased its stake in Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after acquiring an additional 1,127 shares during the period. Quarry LP increased 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 acquiring an additional 3,889 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new position in Intuitive Machines in the 3rd quarter valued at approximately $94,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Company Profile

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.