Investors Buy Large Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw some unusual options trading on Wednesday. Stock investors bought 42,825 call options on the company. This represents an increase of 61% compared to the typical volume of 26,576 call options.

Insider Buying and Selling

In related news, insider Steven Vontur sold 4,343 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total transaction of $75,741.92. Following the completion of the transaction, the insider directly owned 117,047 shares in the company, valued at $2,041,299.68. This represents a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter Mcgrath sold 25,541 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total transaction of $445,435.04. Following the transaction, the chief financial officer owned 425,800 shares of the company’s stock, valued at $7,425,952. This represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,689,913 shares of company stock valued at $62,240,781 over the last quarter. Company insiders own 39.75% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. GAMMA Investing LLC boosted its stake in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares during the period. Sigma Planning Corp boosted its position in shares of Intuitive Machines by 8.8% in the fourth quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock valued at $178,000 after acquiring an additional 886 shares during the period. Tealwood Asset Management Inc. grew its stake in shares of Intuitive Machines by 4.4% in the third quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock worth $224,000 after acquiring an additional 900 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after acquiring an additional 1,127 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on LUNR. KeyCorp boosted their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Canaccord Genuity Group increased their price target on Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a research note on Monday, January 12th. Bank of America boosted their price objective on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Finally, Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the company a “hold” rating in a research note on Friday, January 9th. Nine research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.27.

Intuitive Machines Stock Up 11.2%

Intuitive Machines stock opened at $17.67 on Friday. Intuitive Machines has a 12 month low of $6.14 and a 12 month high of $23.32. The stock has a market cap of $3.18 billion, a P/E ratio of -7.15 and a beta of 1.37. The company’s fifty day simple moving average is $18.09 and its 200-day simple moving average is $12.97.

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.