Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 23,226 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 23,226 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total transaction of $405,061.44. Following the transaction, the senior vice president directly owned 359,726 shares in the company, valued at approximately $6,273,621.44. This represents a 6.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 15th, Timothy Price Crain II sold 170,185 shares of Intuitive Machines stock. The shares were sold at an average price of $20.06, for a total transaction of $3,413,911.10.
• 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 stock was 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 shares were sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Stock Performance

LUNR traded up $0.41 on Friday, hitting $16.13. 5,930,927 shares of the company were exchanged, compared to its average volume of 10,358,101. The firm has a fifty day simple moving average of $17.01 and a two-hundred day simple moving average of $12.57. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $23.32. The stock has a market capitalization of $2.91 billion, a PE ratio of -6.53 and a beta of 1.37.

Hedge Funds Weigh In On Intuitive Machines

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after buying an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after buying an additional 7,528 shares during the period. Caxton Associates LLP bought a new position in shares of Intuitive Machines in the 1st quarter worth about $139,000. KLP Kapitalforvaltning AS increased its stake in shares of Intuitive Machines by 34.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,600 shares of the company’s stock worth $235,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in Intuitive Machines by 44.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,500 shares of the company’s stock valued at $364,000 after acquiring an additional 10,300 shares during the period. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Intuitive Machines in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the stock a “buy” rating in a report on Friday, October 17th. B. Riley Financial upped their price objective on shares of Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. KeyCorp increased their target price on shares of Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.27.

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.