Kamal Seyed Ghaffarian Sells 141,909 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $20.43, for a total value of $2,899,200.87. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at $71,398,110.24. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $26.15, for a total transaction of $3,710,920.35.
• 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 value 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 transaction of $3,567,592.26.
• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was 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.

Intuitive Machines Stock Down 3.1%

NASDAQ:LUNR opened at $19.58 on Friday. The company’s 50 day moving average price is $29.00 and its 200-day moving average price is $22.40. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of -22.25 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently modified their holdings of LUNR. International Assets Investment Management LLC purchased a new position in Intuitive Machines in the fourth quarter worth $28,000. State of Wyoming acquired a new position in Intuitive Machines during the 1st quarter valued at about $39,000. Larson Financial Group LLC raised its stake in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after acquiring an additional 712 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. KeyCorp boosted their target price on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Roth Mkm raised their price target on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research note on Friday, May 15th. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Finally, Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Intuitive Machines has a consensus rating of “Hold” and a consensus price target of $31.50.

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.