Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $6,935,804.55 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. The trade was a 9.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The stock was sold at an average price of $15.04, for a total value of $5,684,713.92.
• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The shares were sold at an average price of $8.03, for a total value of $596,211.44.
• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13.

Intuitive Machines Stock Up 13.3 %

LUNR opened at $21.89 on Friday. The stock has a market cap of $3.07 billion, a P/E ratio of -7.45 and a beta of 0.93. The company has a fifty day simple moving average of $13.04 and a 200 day simple moving average of $8.05. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $22.12.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LUNR. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Benchmark boosted their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Roth Mkm reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. B. Riley lifted their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Cantor Fitzgerald lifted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $14.10.

Institutional Trading of Intuitive Machines

Large investors have recently bought and sold shares of the business. FORA Capital LLC acquired a new position in shares of Intuitive Machines in the third quarter valued at approximately $458,000. Geode Capital Management LLC increased its holdings in Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after purchasing an additional 222,136 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $536,000. Stifel Financial Corp bought a new stake in shares of Intuitive Machines in the third quarter valued at about $525,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after buying an additional 32,015 shares during the period. 72.21% of the stock is owned by institutional investors.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.