Insider Selling: Intuitive Machines (NASDAQ:LUNR) CEO Sells $1,389,716.03 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 86,803 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $16.01, for a total transaction of $1,389,716.03. Following the sale, the chief executive officer owned 1,176,246 shares of the company’s stock, valued at $18,831,698.46. This represents a 6.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $16.13 on Monday. The company’s fifty day moving average price is $17.01 and its 200 day moving average price is $12.58. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $23.32. The firm has a market capitalization of $2.91 billion, a P/E ratio of -6.53 and a beta of 1.37.

Key Headlines Impacting Intuitive Machines

Here are the key news stories impacting Intuitive Machines this week:

• Neutral Sentiment: Short-interest reports for Feb. 12–13 show 0 shares shorted and a 0.0 days short-interest ratio; filings include nonsensical “NaN” increases, indicating a reporting error or data artifact rather than a genuine change in bearish positioning.
• Negative Sentiment: CEO Stephen J. Altemus sold 86,803 shares at an average price of $16.01 (reducing his stake ~6.87%). This is the largest insider sale disclosed and may be viewed negatively by investors. SEC Filing: Altemus Sale
• Negative Sentiment: CFO Peter McGrath sold 25,541 shares at an average price of $17.44 (a ~5.66% stake reduction), a sizable executive sale that could raise governance or confidence questions for some investors. SEC Filing: McGrath Sale
• Negative Sentiment: SVP Timothy Price Crain II sold 23,226 shares at an average price of $17.44 (a ~6.06% reduction), another insider sale adding to the pattern of executive liquidity taking. SEC Filing: Crain Sale
• Negative Sentiment: Insider Steven Vontur sold 4,343 shares at an average price of $17.44 (a ~3.58% stake reduction), a smaller but similar directional trade by management. SEC Filing: Vontur Sale

Analyst Upgrades and Downgrades

LUNR has been the topic of several research analyst reports. Stifel Nicolaus set a $20.00 price target on Intuitive Machines and gave the stock a “hold” rating in a research report on Friday, January 9th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Cantor Fitzgerald reissued an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group upped their target price on shares of Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.27.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of LUNR. Vanguard Group Inc. boosted its holdings 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 valued at $64,067,000 after acquiring an additional 717,256 shares in the last quarter. Trustees of the University of Pennsylvania acquired a new stake in Intuitive Machines in the fourth quarter valued at about $52,689,000. UBS Group AG boosted its holdings in Intuitive Machines by 22.0% in the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock valued at $50,238,000 after purchasing an additional 557,517 shares in the last quarter. Geode Capital Management LLC increased its position in Intuitive Machines by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock worth $44,399,000 after purchasing an additional 61,084 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Intuitive Machines by 18.4% during the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after buying an additional 415,359 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.