Insider Selling: Intuitive Machines (NASDAQ:LUNR) SVP Sells $3,413,911.10 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 170,185 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $20.06, for a total transaction of $3,413,911.10. Following the completion of the transaction, the senior vice president owned 298,435 shares in the company, valued at approximately $5,986,606.10. The trade was a 36.32% decrease in their ownership of the stock. The transaction 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, January 16th, Timothy Price Crain II sold 24,155 shares of Intuitive Machines stock. The stock was sold at an average price of $20.04, for a total transaction of $484,066.20.
• On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The shares were sold at an average price of $20.00, for a total value of $113,200.00.
• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The shares were sold at an average price of $16.04, for a total value of $3,208,000.00.
• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The stock was sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Price Performance

Shares of LUNR opened at $20.61 on Friday. Intuitive Machines, Inc. has a 1 year low of $6.14 and a 1 year high of $24.95. The stock’s fifty day moving average price is $14.13 and its two-hundred day moving average price is $11.81. The firm has a market cap of $3.71 billion, a PE ratio of -8.34 and a beta of 1.37.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LUNR shares. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on shares of Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Canaccord Genuity Group raised their price objective on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a report on Monday, January 12th. Bank of America lifted their price objective on shares of Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research note on Wednesday, November 19th. Finally, Roth Mkm restated 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, eight have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LUNR. Palisades Investment Partners LLC lifted its holdings in shares of Intuitive Machines by 2.1% during the 4th quarter. Palisades Investment Partners LLC now owns 406,999 shares of the company’s stock worth $6,606,000 after acquiring an additional 8,428 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Intuitive Machines during the fourth quarter valued at about $194,000. CoreCap Advisors LLC bought a new stake in Intuitive Machines during the fourth quarter worth about $104,000. Green Alpha Advisors LLC purchased a new position in shares of Intuitive Machines in the 4th quarter worth about $468,000. Finally, GAMMA Investing LLC increased its position in shares of Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 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.