Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 150,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $21.87, for a total value of $3,280,500.00. Following the completion of the transaction, the senior vice president directly owned 351,279 shares of the company’s stock, valued at $7,682,471.73. This represents a 29.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock. The stock was sold at an average price of $23.61, for a total transaction of $199,433.67.

Intuitive Machines Stock Down 3.8%

NASDAQ:LUNR traded down $0.86 during mid-day trading on Monday, reaching $21.99. 12,498,720 shares of the company were exchanged, compared to its average volume of 13,691,705. The stock has a market cap of $4.77 billion, a PE ratio of -24.99 and a beta of 1.68. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The company has a fifty day moving average of $29.90 and a 200 day moving average of $21.83.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results 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 business had revenue of $186.73 million for the quarter, compared to the consensus estimate of $202.95 million. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LUNR shares. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a report on Friday, May 15th. B. Riley Financial boosted their target price on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Roth Mkm upped their price target on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, KeyCorp lifted 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. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Intuitive Machines has a consensus rating of “Hold” and a consensus target price of $31.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in Intuitive Machines by 188.9% in the first quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after purchasing an additional 1,231,188 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Intuitive Machines in the 1st quarter valued at $59,000. Janus Henderson Group PLC increased its position in shares of Intuitive Machines by 38.9% in the 1st quarter. Janus Henderson Group PLC now owns 51,100 shares of the company’s stock valued at $947,000 after buying an additional 14,300 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Intuitive Machines by 28.2% in the 1st quarter. California State Teachers Retirement System now owns 126,442 shares of the company’s stock valued at $2,347,000 after buying an additional 27,793 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Intuitive Machines by 2.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 53,679 shares of the company’s stock worth $996,000 after buying an additional 1,235 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.