Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 150,000 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the transaction, the senior vice president owned 351,279 shares in the company, valued at $7,682,471.73. This represents a 29.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Price Crain II also recently made the following trade(s):

• On Wednesday, April 15th, Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock. The shares were sold at an average price of $23.61, for a total value of $199,433.67.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $21.99 on Tuesday. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75. The firm has a market cap of $4.77 billion, a P/E ratio of -24.99 and a beta of 1.68. The stock has a fifty day moving average price of $29.90 and a two-hundred day moving average price of $21.92.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Mkm increased their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. KeyCorp upped their price target on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, Cantor Fitzgerald raised their price objective on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. 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. According to data from MarketBeat, Intuitive Machines has an average rating of “Hold” and a consensus target price of $31.50.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock worth $120,000 after buying an additional 2,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Intuitive Machines by 43.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock valued at $184,000 after acquiring an additional 7,528 shares in the last quarter. Caxton Associates LLP acquired a new stake in Intuitive Machines in the first quarter valued at approximately $139,000. Creative Planning lifted its stake in Intuitive Machines by 29.3% in the second quarter. Creative Planning now owns 30,407 shares of the company’s stock valued at $331,000 after acquiring an additional 6,886 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Intuitive Machines by 15.3% in the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after acquiring an additional 2,506 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.