Insider Selling: Intuitive Machines (NASDAQ:LUNR) Director Sells 1,698 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 1,698 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total transaction of $27,168.00. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $55,916,288. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a 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.

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

• On Tuesday, September 8th, Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock. The stock was sold at an average price of $15.40, for a total transaction of $1,456,932.40.
• On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $16.87, for a total transaction of $2,394,004.83.
• On Monday, August 10th, Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock. The shares were sold at an average price of $16.17, for a total value of $4,324,634.16.
• On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total value of $624,399.60.
• On Monday, June 29th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87.
• On Monday, June 15th, Kamal 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.

Intuitive Machines Price Performance

Shares of LUNR stock traded down $0.32 during trading hours on Thursday, reaching $14.62. The company had a trading volume of 6,789,785 shares, compared to its average volume of 12,359,824. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -15.39 and a beta of 1.85. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The business has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $21.71.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. On average, equities research analysts expect that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

LUNR has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of Intuitive Machines from a “hold” rating to a “buy” rating and reduced their target price for the stock from $32.00 to $26.00 in a research note on Friday, August 14th. B. Riley Financial dropped their price target on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Bank of America boosted their price target on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Monday, August 31st. Canaccord Genuity Group reduced their price objective on shares of Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Finally, Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a research note on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nykredit A S bought a new position in Intuitive Machines in the 2nd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in shares of Intuitive Machines during the 4th quarter worth $28,000. State of Wyoming bought a new stake in shares of Intuitive Machines during the 1st quarter worth $39,000. Larson Financial Group LLC raised its stake in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after purchasing an additional 1,016 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Intuitive Machines by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock worth $52,000 after buying an additional 712 shares during the last quarter. Hedge funds and other institutional investors 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.