Kamal Seyed Ghaffarian Sells 47,303 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 47,303 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $13.20, for a total transaction of $624,399.60. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at $46,130,937.60. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 29th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87.
• On Monday, June 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $26.15, for a total value of $3,710,920.35.
• 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 value 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 value of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $25.14, for a total value of $3,567,592.26.

Intuitive Machines Trading Up 7.6%

Shares of Intuitive Machines stock opened at $12.25 on Friday. The firm has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $22.27. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -13.92 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. As a group, research analysts predict that Intuitive Machines, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Trustees of the University of Pennsylvania acquired a new stake in shares of Intuitive Machines during the 4th quarter valued at about $52,689,000. Tema ETFs LLC raised its position in Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after purchasing an additional 3,102,854 shares in the last quarter. First Trust Advisors LP lifted its stake in Intuitive Machines by 3,582.9% during the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after purchasing an additional 2,386,688 shares during the period. Renaissance Technologies LLC bought a new position in Intuitive Machines during the first quarter worth about $35,895,000. Finally, Jump Financial LLC boosted its holdings in Intuitive Machines by 5,262.9% during the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings reaffirmed 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, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.31.

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.