Intuitive Machines (NASDAQ:LUNR) Director Sells $1,456,932.40 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 94,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $15.40, for a total value of $1,456,932.40. Following the sale, 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 Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $16.00, for a total transaction of $27,168.00.
• On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $16.87, for a total transaction 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 transaction of $4,324,634.16.
• On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total transaction 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 transaction of $2,899,200.87.
• On Monday, June 15th, Kamal 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.

Intuitive Machines Trading Down 1.8%

NASDAQ LUNR opened at $14.35 on Friday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of -15.11 and a beta of 1.85. The business’s 50 day moving average is $15.44 and its two-hundred day moving average is $21.64. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC purchased a new stake in Intuitive Machines in the 2nd quarter valued at approximately $64,452,000. WINTON GROUP Ltd raised its holdings in shares of Intuitive Machines by 538.9% in the second quarter. WINTON GROUP Ltd now owns 171,857 shares of the company’s stock worth $3,676,000 after acquiring an additional 144,957 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Intuitive Machines in the second quarter valued at $1,732,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Intuitive Machines during the second quarter valued at $88,000. Finally, Connective Capital Management LLC purchased a new stake in Intuitive Machines during the 2nd quarter worth about $393,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LUNR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Roth Capital set a $30.00 price objective on Intuitive Machines in a research note on Thursday, August 13th. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.50.

About Intuitive Machines

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines’ Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA’s Commercial Lunar Payload Services program.