Insider Selling: Intuitive Machines (NASDAQ:LUNR) Director Sells 283,818 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 283,818 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $65,631,743.04. This represents a 7.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $17.52 on Friday. The business’s fifty day moving average price is $18.35 and its two-hundred day moving average price is $14.32. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -23.68 and a beta of 1.40.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in Intuitive Machines during the 4th quarter worth about $28,000. Larson Financial Group LLC increased its position in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares in the last quarter. GAMMA Investing LLC raised its stake 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 worth $43,000 after acquiring an additional 781 shares during the last quarter. CWM LLC raised its stake in shares of Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Intuitive Machines by 144.8% during the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after purchasing an additional 1,738 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LUNR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Stifel Nicolaus upped their price objective on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. KeyCorp raised their price objective on shares of Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned 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.

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.