Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 40,254 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction on Friday, June 6th. The stock was sold at an average price of $12.04, for a total transaction of $484,658.16. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $42,077,006.72. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60.

Intuitive Machines Trading Up 0.7%

LUNR traded up $0.08 during midday trading on Monday, hitting $11.79. The company’s stock had a trading volume of 7,752,571 shares, compared to its average volume of 12,759,434. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The firm has a market cap of $2.11 billion, a P/E ratio of -4.01 and a beta of 1.47. The firm has a 50-day moving average price of $9.46 and a two-hundred day moving average price of $13.30.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. On average, equities analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Roth Capital reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Roth Mkm decreased their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target on the stock. Barclays assumed coverage on Intuitive Machines in a research report on Thursday, May 22nd. They set a “neutral” rating on the stock. Finally, Canaccord Genuity Group increased their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a “buy” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LUNR. Rhumbline Advisers raised its position in Intuitive Machines by 19.7% in the first quarter. Rhumbline Advisers now owns 52,260 shares of the company’s stock worth $389,000 after acquiring an additional 8,612 shares in the last quarter. Northeast Financial Consultants Inc acquired a new stake in Intuitive Machines during the 1st quarter worth about $224,000. Caxton Associates LLP purchased a new stake in Intuitive Machines in the 1st quarter worth approximately $139,000. Jones Financial Companies Lllp increased its position in Intuitive Machines by 4,835.4% in the 1st quarter. Jones Financial Companies Lllp now owns 189,074 shares of the company’s stock worth $1,409,000 after purchasing an additional 185,243 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Intuitive Machines by 43.8% in 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 during the last quarter. Institutional investors own 72.21% of the company’s stock.

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.