Insider Selling: Intuitive Machines (NASDAQ:LUNR) SVP Sells $3,208,000.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 200,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $16.04, for a total value of $3,208,000.00. Following the completion of the transaction, the senior vice president directly owned 298,435 shares in the company, valued at approximately $4,786,897.40. This represents a 40.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Timothy Price Crain II also recently made the following trade(s):

• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The shares were sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Stock Down 0.5%

Shares of NASDAQ:LUNR opened at $16.44 on Friday. The firm has a market cap of $2.96 billion, a P/E ratio of -6.65 and a beta of 1.44. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $24.95. The company’s 50-day moving average price is $11.16 and its two-hundred day moving average price is $10.71.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Vanguard Group Inc. boosted its stake in shares of Intuitive Machines by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock valued at $32,939,000 after purchasing an additional 373,741 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Intuitive Machines by 27.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock worth $1,045,000 after buying an additional 30,447 shares during the last quarter. Deutsche Bank AG lifted its holdings in Intuitive Machines by 92.1% in the first quarter. Deutsche Bank AG now owns 34,475 shares of the company’s stock valued at $257,000 after buying an additional 16,528 shares during the period. Swiss National Bank bought a new stake in Intuitive Machines during the first quarter valued at $1,203,000. Finally, Invesco Ltd. boosted its position in Intuitive Machines by 19.7% during the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after acquiring an additional 2,643 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on LUNR shares. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Roth Capital reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Canaccord Genuity Group reduced their target price on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Friday, November 7th. Bank of America upped their price target on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research note on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 price objective on shares of Intuitive Machines and gave the stock a “buy” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.25.

Intuitive Machines Company Profile

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.