Intuitive Machines, Inc. $LUNR Shares Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 403.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 191,783 shares of the company’s stock after purchasing an additional 153,668 shares during the period. SBI Securities Co. Ltd.’s holdings in Intuitive Machines were worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 13.3% during the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after purchasing an additional 717,256 shares during the period. UBS Group AG boosted its holdings in shares of Intuitive Machines by 22.0% in the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock valued at $50,238,000 after buying an additional 557,517 shares during the period. Bank of America Corp DE grew its position in shares of Intuitive Machines by 18.4% during the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock valued at $28,165,000 after buying an additional 415,359 shares during the last quarter. First Trust Advisors LP grew its position in shares of Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after buying an additional 2,386,688 shares during the last quarter. Finally, ARK Investment Management LLC raised its stake in Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after acquiring an additional 914,458 shares during the period. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Up 6.2%

Shares of NASDAQ:LUNR opened at $26.33 on Thursday. The firm’s 50 day moving average is $21.41 and its two-hundred day moving average is $16.90. The firm has a market capitalization of $5.71 billion, a P/E ratio of -35.58 and a beta of 1.47. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $31.15.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. Analysts predict that Intuitive Machines, Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of research reports. KeyCorp lifted their target price on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, March 20th. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Canaccord Genuity Group increased their target price on Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with 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, the company presently has an average rating of “Hold” and a consensus price target of $21.55.

Insiders Place Their Bets

In related news, CFO Peter Mcgrath sold 24,554 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the transaction, the chief financial officer owned 401,246 shares in the company, valued at $9,473,418.06. This represents a 5.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $23.61, for a total transaction of $324,661.11. Following the transaction, the chief executive officer directly owned 1,162,495 shares in the company, valued at approximately $27,446,506.95. The trade was a 1.17% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,046,210 shares of company stock worth $22,238,410 over the last 90 days. Insiders own 54.10% of the company’s stock.

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.