Intuitive Machines (NASDAQ:LUNR) Director Sells $3,710,920.35 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at $91,388,183.20. This represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $39.02, for a total transaction of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total transaction of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $25.14, for a total value of $3,567,592.26.
• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $28.16, for a total value of $3,996,157.44.
• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $23.20, for a total transaction of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $22.85 on Friday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -25.97 and a beta of 1.68. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75. The stock’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $21.74.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LUNR shares. Roth Mkm raised their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Stifel Nicolaus set a $32.00 target price on shares of Intuitive Machines in a research note on Friday, May 15th. Zacks Research downgraded shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Intuitive Machines in the fourth quarter valued at approximately $28,000. State of Wyoming acquired a new position in shares of Intuitive Machines in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC boosted its holdings in shares of Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares during the period. Larson Financial Group LLC increased its holdings in Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after buying an additional 2,337 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.