3,013,162 Shares in Intuitive Machines, Inc. $LUNR Bought by Tidal Investments LLC

Tidal Investments LLC purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,013,162 shares of the company’s stock, valued at approximately $64,452,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nykredit A S purchased a new position in shares of Intuitive Machines during the 2nd quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intuitive Machines in the fourth quarter worth about $28,000. State of Wyoming acquired a new stake in Intuitive Machines during the first quarter worth about $39,000. Larson Financial Group LLC raised its position in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Intuitive Machines by 144.8% during the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after acquiring an additional 1,738 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on LUNR. Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $32.00 to $26.00 in a research report on Friday, August 14th. Bank of America boosted their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a research note on Monday, August 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 price target on shares of Intuitive Machines in a report on Wednesday, May 20th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Intuitive Machines has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $14.94 on Thursday. The company’s fifty day moving average price is $15.64 and its 200 day moving average price is $21.71. The stock has a market capitalization of $3.42 billion, a P/E ratio of -15.73 and a beta of 1.85. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. Sell-side analysts predict that Intuitive Machines, Inc. will post -0.6 EPS for the current year.

Insider Transactions at Intuitive Machines

In other news, SVP Timothy Crain, II sold 150,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the sale, the senior vice president owned 351,279 shares of the company’s stock, valued at $7,682,471.73. This represents a 29.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Vontur sold 3,050 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.13, for a total transaction of $49,196.50. Following the completion of the sale, the insider owned 113,997 shares of the company’s stock, valued at $1,838,771.61. This trade represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 12,389,042 shares of company stock worth $164,885,256. 54.10% of the stock is owned by insiders.

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.