Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Sells 440,288 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 440,288 shares of Intuitive Machines stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $6.03, for a total value of $2,654,936.64. Following the completion of the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $5,492,841.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Intuitive Machines Stock Performance

NASDAQ:LUNR traded down $0.41 during trading hours on Monday, hitting $5.72. 7,935,749 shares of the company’s stock traded hands, compared to its average volume of 6,721,791. The firm has a market cap of $712.90 million, a P/E ratio of 13.95 and a beta of 0.26. Intuitive Machines, Inc. has a twelve month low of $2.09 and a twelve month high of $13.25. The stock’s fifty day moving average price is $4.50 and its two-hundred day moving average price is $4.86.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million for the quarter, compared to analyst estimates of $43.00 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wedbush Securities Inc. acquired a new position in Intuitive Machines in the 2nd quarter worth about $35,000. Baltimore Washington Financial Advisors Inc. acquired a new position in Intuitive Machines in the 1st quarter worth about $67,000. Sender Co & Partners Inc. acquired a new position in Intuitive Machines in the 2nd quarter worth about $56,000. Sanders Morris Harris LLC acquired a new position in Intuitive Machines in the 1st quarter worth about $119,000. Finally, Deuterium Capital Management LLC acquired a new position in Intuitive Machines in the 1st quarter worth about $125,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Roth Mkm lifted their target price on Intuitive Machines from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, August 14th. B. Riley assumed coverage on Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $9.80.

Intuitive Machines Company Profile

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.