Intuitive Machines (NASDAQ:LUNR) SVP Sells $2,133,000.00 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.22, for a total value of $2,133,000.00. Following the completion of the sale, the senior vice president directly owned 298,435 shares of the company’s stock, valued at approximately $4,243,745.70. This trade represents a 33.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The stock was sold at an average price of $16.04, for a total value of $3,208,000.00.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $16.44 on Friday. The company has a market capitalization of $2.96 billion, a P/E ratio of -6.65 and a beta of 1.44. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $24.95. The stock has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $10.71.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tealwood Asset Management Inc. increased its position in shares of Intuitive Machines by 4.4% during the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after acquiring an additional 900 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after purchasing an additional 1,127 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Intuitive Machines by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock valued at $147,000 after buying an additional 1,499 shares during the period. Golden State Wealth Management LLC increased its holdings in Intuitive Machines by 180.0% during the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after buying an additional 1,800 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in Intuitive Machines by 5.3% in the third quarter. SBI Securities Co. Ltd. now owns 38,115 shares of the company’s stock worth $401,000 after acquiring an additional 1,911 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of analyst reports. Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. B. Riley raised their target price on Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group reduced their price target on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Friday, November 7th. Stifel Nicolaus assumed coverage on Intuitive Machines in a report on Monday, November 3rd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Intuitive Machines currently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

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.