Intuitive Machines (NASDAQ:LUNR) CEO Sells $30,887,011.61 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 1,958,593 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $15.77, for a total transaction of $30,887,011.61. Following the completion of the sale, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at $16,186,359.54. The trade was a 65.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Intuitive Machines Trading Down 0.5%

LUNR stock opened at $16.44 on Friday. The firm’s 50-day moving average is $11.16 and its two-hundred day moving average is $10.71. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -6.65 and a beta of 1.44. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently modified their holdings of LUNR. CIBC Bancorp USA Inc. acquired a new stake in Intuitive Machines during the 3rd quarter worth about $123,000. PharVision Advisers LLC acquired a new position in shares of Intuitive Machines in the third quarter worth about $405,000. XTX Topco Ltd increased its position in shares of Intuitive Machines by 950.7% in the third quarter. XTX Topco Ltd now owns 193,544 shares of the company’s stock worth $2,036,000 after acquiring an additional 175,124 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Intuitive Machines by 177.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company’s stock valued at $15,041,000 after acquiring an additional 913,650 shares during the period. Finally, Voleon Capital Management LP purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $480,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LUNR shares. Stifel Nicolaus initiated coverage on Intuitive Machines in a research report on Monday, November 3rd. They set a “buy” rating and a $18.00 price target on the stock. KeyCorp started coverage on Intuitive Machines in a report on Thursday, December 18th. They set an “overweight” rating and a $20.00 target price on the stock. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. Finally, Bank of America boosted their target price on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a report on Wednesday, November 19th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.