Numerai GP LLC Makes New $339,000 Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Numerai GP LLC purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 18,656 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock valued at $22,170,000 after buying an additional 609,118 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after buying an additional 1,133,581 shares during the last quarter. Geode Capital Management LLC raised its stake in Intuitive Machines by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock worth $20,437,000 after acquiring an additional 191,733 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in Intuitive Machines during the fourth quarter worth about $9,133,000. Institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares in the company, valued at approximately $3,384,628.32. This trade represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 271,090 shares of company stock valued at $3,106,565. Company insiders own 73.68% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $11.83 on Friday. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -4.02 and a beta of 1.32. The business has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $13.09.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The firm had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. On average, equities analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday. B. Riley reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Bank of America assumed coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Canaccord Genuity Group increased their target price on Intuitive Machines from $21.00 to $21.50 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Roth Mkm cut their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Intuitive Machines currently has an average rating of “Moderate Buy” and an average target price of $16.44.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.