Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Sells 4,528 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 4,528 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Steven Vontur also recently made the following trade(s):

• On Friday, January 31st, Steven Vontur sold 9,266 shares of Intuitive Machines stock. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00.
• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $18.00, for a total transaction of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR traded down $1.79 during trading on Tuesday, hitting $18.14. The company had a trading volume of 10,854,094 shares, compared to its average volume of 14,024,799. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The firm has a market capitalization of $2.55 billion, a P/E ratio of -6.17 and a beta of 0.92. The stock has a 50 day simple moving average of $17.68 and a 200 day simple moving average of $11.09.

Institutional Investors Weigh In On Intuitive Machines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after acquiring an additional 3,381 shares during the period. Waldron Private Wealth LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at approximately $83,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines during the 3rd quarter valued at approximately $85,000. Steward Partners Investment Advisory LLC lifted its holdings in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after purchasing an additional 3,300 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Intuitive Machines in the 3rd quarter worth approximately $93,000. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark lifted their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America initiated coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target for the company. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.83.

Intuitive Machines Company Profile

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.