Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 94,606 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $15.40, for a total transaction of $1,456,932.40. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at $53,819,427.20. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Wednesday, September 9th, Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock. The stock was sold at an average price of $16.00, for a total value of $27,168.00.
• On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $16.87, for a total value of $2,394,004.83.
• On Monday, August 10th, Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock. The shares were sold at an average price of $16.17, for a total value of $4,324,634.16.
• On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The shares were sold at an average price of $13.20, for a total value of $624,399.60.
• On Monday, June 29th, Kamal 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 Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $14.62 on Friday. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The stock has a market capitalization of $3.35 billion, a PE ratio of -15.39 and a beta of 1.85. The stock’s fifty day moving average is $15.54 and its 200-day moving average is $21.69.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. As a group, analysts forecast that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Institutional Trading of Intuitive Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trustees of the University of Pennsylvania acquired a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $52,689,000. Tema ETFs LLC lifted its holdings 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 valued at $66,418,000 after buying an additional 3,102,854 shares during the period. Tidal Investments LLC acquired a new position in Intuitive Machines in the second quarter valued at approximately $64,452,000. California State Teachers Retirement System lifted its holdings in Intuitive Machines by 2,309.3% in the second quarter. California State Teachers Retirement System now owns 3,046,364 shares of the company’s stock valued at $65,162,000 after buying an additional 2,919,922 shares during the period. Finally, First Trust Advisors LP boosted its stake in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after acquiring an additional 2,386,688 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LUNR shares. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Roth Capital set a $30.00 price target on shares of Intuitive Machines in a research note on Thursday, August 13th. Bank of America raised their price target on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, August 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Finally, Cantor Fitzgerald dropped their price objective on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

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.