Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 141,909 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.15, for a total transaction of $3,710,920.35. Following the sale, the director directly owned 3,494,768 shares in the company, valued at $91,388,183.20. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $39.02, for a total transaction of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total transaction of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $25.14, for a total transaction of $3,567,592.26.
• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $28.16, for a total transaction of $3,996,157.44.
• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $23.20, for a total transaction of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The stock was sold at an average price of $18.78, for a total transaction of $5,330,102.04.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $22.72 on Thursday. The company has a market capitalization of $4.93 billion, a PE ratio of -25.82 and a beta of 1.68. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75. The company’s fifty day moving average price is $29.90 and its 200 day moving average price is $21.64.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. On average, equities analysts expect that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on LUNR shares. Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a report on Friday, May 15th. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Roth Mkm increased their price objective on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Zacks Research downgraded shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Machines has an average rating of “Hold” and an average target price of $31.50.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. lifted its stake in shares of Intuitive Machines by 627.6% in the third quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock worth $11,026,000 after buying an additional 904,065 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Intuitive Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after buying an additional 717,256 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Intuitive Machines in the fourth quarter worth about $717,000. ARK Investment Management LLC lifted its stake in shares of Intuitive Machines by 78.9% in the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock worth $21,810,000 after buying an additional 914,458 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Intuitive Machines in the third quarter worth about $4,696,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.