Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 74,423 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 74,423 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $3.93, for a total value of $292,482.39. Following the completion of the sale, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $1,425,843.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, July 11th, Timothy Price Crain II sold 143,989 shares of Intuitive Machines stock. The stock was sold at an average price of $4.04, for a total value of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total value of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total value of $168,000.00.

Intuitive Machines Trading Down 5.6 %

NASDAQ:LUNR traded down $0.20 during trading hours on Monday, hitting $3.34. 3,413,844 shares of the stock were exchanged, compared to its average volume of 5,650,551. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The firm’s fifty day moving average price is $4.11 and its 200 day moving average price is $4.92. The company has a market cap of $416.27 million, a P/E ratio of 8.15 and a beta of 0.21.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The firm had revenue of $73.07 million during the quarter, compared to analyst estimates of $45.00 million. During the same period in the previous year, the business earned ($0.24) EPS. Equities analysts expect that Intuitive Machines, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LUNR. Sanders Morris Harris LLC acquired a new position in Intuitive Machines during the first quarter worth $119,000. Hemington Wealth Management acquired a new position in Intuitive Machines during the fourth quarter worth $26,000. Inscription Capital LLC acquired a new position in Intuitive Machines during the first quarter worth $304,000. Tealwood Asset Management Inc. acquired a new position in Intuitive Machines during the first quarter worth $131,000. Finally, Deuterium Capital Management LLC acquired a new position in Intuitive Machines during the first quarter worth $125,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Monday, July 22nd. Canaccord Genuity Group cut their price target on Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Roth Mkm cut their price target on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, B. Riley began coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 price target for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $9.80.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.