Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 83,914 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 83,914 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $1,513,808.56. Following the transaction, the chief executive officer directly owned 1,026,402 shares in the company, valued at approximately $18,516,292.08. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Intuitive Machines Price Performance

LUNR opened at $18.82 on Wednesday. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95. The firm’s fifty day moving average price is $11.86 and its 200 day moving average price is $11.06. The stock has a market capitalization of $3.39 billion, a PE ratio of -7.62 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Stifel Nicolaus began coverage on shares of Intuitive Machines in a research report on Monday, November 3rd. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. KeyCorp started coverage on shares of Intuitive Machines in a research report on Thursday, December 18th. They issued an “overweight” rating and a $20.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. One research 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 MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

Institutional Trading of Intuitive Machines

Large investors have recently modified their holdings of the company. ARK Investment Management LLC boosted its holdings in Intuitive Machines by 56.1% during the second quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock valued at $12,596,000 after acquiring an additional 416,337 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Intuitive Machines during the 2nd quarter worth about $373,000. Voya Investment Management LLC lifted its position in shares of Intuitive Machines by 56.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock worth $27,948,000 after purchasing an additional 954,778 shares during the last quarter. Intech Investment Management LLC boosted its stake in Intuitive Machines by 96.6% during the 2nd quarter. Intech Investment Management LLC now owns 77,390 shares of the company’s stock valued at $841,000 after purchasing an additional 38,017 shares during the period. Finally, AXQ Capital LP acquired a new stake in Intuitive Machines in the 2nd quarter valued at approximately $314,000. 72.21% of the stock is owned by institutional investors.

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.