Intuitive Machines (NASDAQ:LUNR) Director Sells $2,899,200.87 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $71,398,110.24. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35.
• 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 value of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $34.25, for a total value of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $25.14, for a total value 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 value 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 value of $3,292,288.80.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $19.58 on Friday. The stock’s 50-day moving average price is $28.79 and its two-hundred day moving average price is $22.38. The company has a market cap of $4.25 billion, a PE ratio of -22.25 and a beta of 1.78. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. Research analysts forecast that Intuitive Machines, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently made changes to their positions in LUNR. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines during the fourth quarter worth approximately $28,000. State of Wyoming acquired a new position in Intuitive Machines in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC increased its stake in Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares during the period. Larson Financial Group LLC increased its stake in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares during the period. Finally, CWM LLC lifted its position in Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after buying an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Roth Mkm boosted their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Zacks Research downgraded shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a report on Friday, May 15th. Finally, KeyCorp raised their target price on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Eight equities research 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. According to data from MarketBeat.com, Intuitive Machines currently has an average rating of “Hold” and an average price target of $31.50.

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.