Intuitive Machines (NASDAQ:LUNR) Director Sells $3,710,920.35 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $26.15, for a total transaction of $3,710,920.35. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $91,388,183.20. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $39.02, for a total transaction of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total transaction of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $25.14, for a total value of $3,567,592.26.
• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $28.16, for a total value of $3,996,157.44.
• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $23.20, for a total value of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Trading Down 2.7%

Shares of LUNR stock traded down $0.64 during trading hours on Wednesday, reaching $22.72. The stock had a trading volume of 12,118,512 shares, compared to its average volume of 13,658,290. The stock’s fifty day simple moving average is $29.91 and its 200 day simple moving average is $21.54. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The firm has a market capitalization of $4.93 billion, a PE ratio of -25.82 and a beta of 1.68.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. As a group, equities research analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on LUNR shares. Zacks Research downgraded shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research note on Friday, May 15th. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. KeyCorp lifted their price objective on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald lifted their price target on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.50.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in 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 last quarter. Trustees of the University of Pennsylvania bought a new stake in Intuitive Machines in the 4th quarter worth approximately $52,689,000. UBS Group AG lifted its position in Intuitive Machines by 22.0% in the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock worth $50,238,000 after buying an additional 557,517 shares during the last quarter. Geode Capital Management LLC lifted its position in Intuitive Machines by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock worth $44,399,000 after buying an additional 61,084 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after buying an additional 415,359 shares during the last quarter. Institutional investors own 72.21% 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.