Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 86,803 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 86,803 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $16.01, for a total transaction of $1,389,716.03. Following the completion of the transaction, the chief executive officer owned 1,176,246 shares of the company’s stock, valued at approximately $18,831,698.46. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intuitive Machines Stock Up 2.6%

Shares of Intuitive Machines stock traded up $0.41 during trading on Friday, hitting $16.13. The stock had a trading volume of 5,930,927 shares, compared to its average volume of 10,358,101. Intuitive Machines, Inc. has a 1 year low of $6.14 and a 1 year high of $23.32. The stock has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $12.57. The company has a market capitalization of $2.91 billion, a PE ratio of -6.53 and a beta of 1.37.

Analyst Ratings Changes

A number of analysts have recently issued reports on LUNR shares. Deutsche Bank Aktiengesellschaft set a $18.00 target price on Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Bank of America raised their price objective on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 19th. Finally, Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the company a “hold” rating in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.27.

Institutional Trading of Intuitive Machines

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after purchasing an additional 2,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Intuitive Machines by 43.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Intuitive Machines during the 1st quarter valued at about $139,000. KLP Kapitalforvaltning AS grew its stake in shares of Intuitive Machines by 34.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,600 shares of the company’s stock valued at $235,000 after buying an additional 5,500 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Intuitive Machines by 44.4% in the second quarter. Concurrent Investment Advisors LLC now owns 33,500 shares of the company’s stock worth $364,000 after buying an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.