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 firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $34.25, for a total transaction of $4,860,383.25. Following the completion of the sale, the director owned 3,494,768 shares in the company, valued at $119,695,804. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 transaction 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 transaction 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 transaction 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 transaction of $5,330,102.04.

Intuitive Machines Price Performance

Shares of LUNR traded up $1.21 during midday trading on Wednesday, reaching $33.67. The stock had a trading volume of 12,872,585 shares, compared to its average volume of 12,827,686. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $38.55. The company’s fifty day simple moving average is $24.02 and its two-hundred day simple moving average is $18.15. The company has a market cap of $7.30 billion, a price-to-earnings ratio of -38.26 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Intuitive Machines during the fourth quarter worth about $28,000. State of Wyoming acquired a new position in shares of Intuitive Machines during the first quarter worth about $39,000. GAMMA Investing LLC increased its stake in shares of Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the period. Larson Financial Group LLC increased its stake in shares of Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the period. Finally, CWM LLC increased its stake in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after acquiring an additional 2,337 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LUNR. Wall Street Zen cut shares of Intuitive Machines from a “sell” rating to a “strong sell” rating in a research report on Saturday. B. Riley Financial boosted their price target on shares of Intuitive Machines to $45.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Cantor Fitzgerald boosted their price target on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Roth Mkm boosted their price target on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.65.

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.