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 stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $34.25, for a total value of $4,860,383.25. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $119,695,804. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were 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 shares were sold at an average price of $23.20, for a total value 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 Price Performance

Shares of LUNR stock opened at $34.24 on Friday. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $38.55. The stock’s 50 day simple moving average is $24.67 and its two-hundred day simple moving average is $18.47. The company has a market cap of $7.42 billion, a PE ratio of -38.91 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data 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 business had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. Equities research analysts expect that Intuitive Machines, Inc. will post -0.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Roth Mkm upped their price objective on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Cantor Fitzgerald increased their price target on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Wall Street Zen lowered Intuitive Machines from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.50.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Intuitive Machines by 188.9% during the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after acquiring an additional 1,231,188 shares during the last quarter. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Intuitive Machines during the 1st quarter worth approximately $59,000. Janus Henderson Group PLC lifted its stake in shares of Intuitive Machines by 38.9% during the 1st quarter. Janus Henderson Group PLC now owns 51,100 shares of the company’s stock worth $947,000 after acquiring an additional 14,300 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Intuitive Machines by 28.2% during the 1st quarter. California State Teachers Retirement System now owns 126,442 shares of the company’s stock worth $2,347,000 after acquiring an additional 27,793 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Intuitive Machines by 2.4% in the first quarter. The Manufacturers Life Insurance Company now owns 53,679 shares of the company’s stock worth $996,000 after purchasing an additional 1,235 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

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.