Kamal Seyed Ghaffarian Sells 80,508 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 80,508 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.05, for a total transaction of $970,121.40. Following the transaction, the director owned 3,494,768 shares in the company, valued at $42,111,954.40. This represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, June 6th, Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock. The shares were sold at an average price of $12.04, for a total transaction of $484,658.16.
• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60.

Intuitive Machines Stock Up 9.2%

Shares of NASDAQ LUNR opened at $12.25 on Friday. The firm’s 50-day moving average price is $11.06 and its two-hundred day moving average price is $12.62. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The stock has a market capitalization of $2.19 billion, a P/E ratio of -4.49 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, equities research analysts expect that Intuitive Machines, Inc. will post 0.73 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 bought and sold shares of the business. Gotham Asset Management LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $15,739,000. Two Sigma Investments LP acquired a new position in shares of Intuitive Machines during the 4th quarter worth about $33,255,000. Voya Investment Management LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $11,311,000. D. E. Shaw & Co. Inc. increased its stake in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock worth $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LUNR shares. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Barclays started coverage on shares of Intuitive Machines in a research report on Thursday, May 22nd. They issued a “neutral” rating for the company. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Finally, Bank of America cut their price target on shares of Intuitive Machines from $16.00 to $10.50 and set an “underperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.44.

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.