Intuitive Machines (NASDAQ:LUNR) Shares Down 6.7% on Insider Selling

Intuitive Machines, Inc. (NASDAQ:LUNR) shares dropped 6.7% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $18.82 and last traded at $18.9490. Approximately 3,587,610 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 10,974,862 shares. The stock had previously closed at $20.31.

Specifically, SVP Timothy Price Crain II sold 150,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $17.55, for a total value of $2,632,500.00. Following the completion of the transaction, the senior vice president owned 359,726 shares of the company’s stock, valued at $6,313,191.30. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LUNR shares. Stifel Nicolaus lifted their price target on Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intuitive Machines from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday, March 20th. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.94.

More Intuitive Machines News

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

• Positive Sentiment: NASA awarded Intuitive Machines a $180.4 million CLPS contract to deliver seven science/technology payloads to the lunar south pole — a meaningful, near-term revenue and program validation win that expands the company’s lunar surface capabilities and customer backlog. NASA awards Intuitive Machines $180.4 million lunar payload contract
• Positive Sentiment: Stifel Nicolaus published a bullish note saying LUNR’s stock price is expected to rise (analyst commentary can lift sentiment and attract buyers). Intuitive Machines (NASDAQ:LUNR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Unusually large call-option volume: ~39,245 calls were bought Wednesday (≈33% above typical daily call volume). Heavy call buying signals short-term bullish positioning by traders/retail investors and likely added upward pressure to the stock.
• Neutral Sentiment: Recent short-interest reports show zero shares / NaN changes — the data appears erroneous or uninformative, so it provides little evidence of genuine short-seller pressure at this time.
• Neutral Sentiment: Recent quarter: EPS slightly beat estimates but revenue missed consensus — mixed fundamentals that milden but do not negate the positive contract news.
• Negative Sentiment: Insider selling: SVP Timothy Price Crain II sold 150,000 shares (disclosed SEC filing). Large insider sales can temper sentiment by raising questions about insider timing or diversification, though the insider still retains a significant position. Timothy Price Crain II Sells 150,000 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines Stock Up 14.7%

The company has a market cap of $3.70 billion, a price-to-earnings ratio of -27.77 and a beta of 1.40. The firm has a 50 day moving average price of $18.44 and a two-hundred day moving average price of $14.22.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million during the quarter, compared to analyst estimates of $53.37 million. On average, equities analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Trustees of the University of Pennsylvania acquired a new position in shares of Intuitive Machines in the 4th quarter worth approximately $52,689,000. First Trust Advisors LP increased its position in shares of Intuitive Machines by 3,582.9% during the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after buying an additional 2,386,688 shares during the period. Jump Financial LLC raised its stake in Intuitive Machines by 5,262.9% during the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after buying an additional 1,314,888 shares during the last quarter. Geode Capital Management LLC raised its stake in Intuitive Machines by 78.6% during the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after buying an additional 1,141,454 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Intuitive Machines by 523.7% in the fourth quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock valued at $20,457,000 after buying an additional 1,058,376 shares during the period. Institutional investors own 72.21% of the company’s stock.

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.