Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Sells $292,255.26 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Peter Mcgrath sold 37,906 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This represents a 7.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Intuitive Machines Stock Up 0.8 %

Shares of NASDAQ LUNR traded up $0.06 during midday trading on Tuesday, reaching $7.79. 5,074,051 shares of the company were exchanged, compared to its average volume of 11,963,351. The stock has a market cap of $1.39 billion, a P/E ratio of -2.65 and a beta of 1.33. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95. The stock’s 50-day moving average price is $11.67 and its 200-day moving average price is $13.00.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LUNR. Cantor Fitzgerald lowered their price target on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 25th. Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. B. Riley restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 1,017,706 shares during the period. Two Sigma Investments LP bought a new stake in shares of Intuitive Machines during the 4th quarter valued at about $33,255,000. Renaissance Technologies LLC grew its stake in Intuitive Machines by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after purchasing an additional 609,118 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Intuitive Machines by 3,991.5% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Intuitive Machines by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after buying an additional 191,733 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.