Insider Selling: Intuitive Machines (NASDAQ:LUNR) Director Sells 18,321 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $29.87, for a total value of $547,248.27. Following the transaction, the director directly owned 68,875 shares of the company’s stock, valued at $2,057,296.25. The trade was a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Intuitive Machines Trading Up 1.3%

LUNR traded up $0.38 on Monday, hitting $29.74. 9,050,288 shares of the company were exchanged, compared to its average volume of 13,532,454. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The company has a market cap of $6.45 billion, a price-to-earnings ratio of -33.80 and a beta of 1.68. The firm has a 50-day moving average price of $28.90 and a two-hundred day moving average price of $20.64.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. Equities analysts expect that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in LUNR. Trustees of the University of Pennsylvania purchased a new stake in shares of Intuitive Machines in the 4th quarter valued at about $52,689,000. First Trust Advisors LP lifted its holdings in shares of Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after purchasing an additional 2,386,688 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter valued at about $35,895,000. Jump Financial LLC lifted its holdings in shares of Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Intuitive Machines by 188.9% in the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock valued at $34,948,000 after purchasing an additional 1,231,188 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. KeyCorp upped their price objective on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Roth Mkm upped their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Finally, B. Riley Financial upped their price objective on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.50.

About Intuitive Machines

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.