Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 47,303 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 47,303 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $13.20, for a total transaction of $624,399.60. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $46,130,937.60. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, June 29th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $20.43, for a total value of $2,899,200.87.
• On Monday, June 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $26.15, for a total value of $3,710,920.35.
• On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $39.02, for a total value of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25.
• On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $25.14, for a total value of $3,567,592.26.

Intuitive Machines Trading Down 7.9%

Intuitive Machines stock traded down $0.98 during midday trading on Wednesday, reaching $11.39. The stock had a trading volume of 7,818,688 shares, compared to its average volume of 9,092,409. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The firm’s 50-day moving average price is $23.52 and its 200 day moving average price is $22.31.

Intuitive Machines (NASDAQ:LUNR) last issued 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 analysts’ expectations of $202.95 million. As a group, research analysts anticipate that Intuitive Machines, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Roth Capital raised their price target on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Finally, Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Hold” and an average price target of $33.31.

Institutional Trading of Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Tema ETFs LLC lifted its stake in Intuitive Machines by 139,768.2% in the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after purchasing an additional 3,102,854 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Intuitive Machines by 17.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 49,400 shares of the company’s stock valued at $1,057,000 after purchasing an additional 7,200 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of 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 bought a new position in shares of Intuitive Machines in the first quarter worth $59,000. Finally, Janus Henderson Group PLC raised its position in shares of Intuitive Machines by 38.9% in the first quarter. Janus Henderson Group PLC now owns 51,100 shares of the company’s stock worth $947,000 after buying an additional 14,300 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

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.