Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells 161,016 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Intuitive Machines Trading Up 4.5%

Shares of NASDAQ LUNR opened at $12.36 on Friday. The stock has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $13.15. The company has a market cap of $2.20 billion, a PE ratio of -4.20 and a beta of 1.32. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data 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 analyst estimates of $66.07 million. Sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on LUNR shares. Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price for the company. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Roth Capital reiterated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday. Finally, B. Riley reiterated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.44.

Institutional Investors Weigh In On Intuitive Machines

A number of institutional investors have recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc acquired a new stake in Intuitive Machines in the first quarter worth approximately $224,000. Caxton Associates LLP acquired a new stake in Intuitive Machines in the first quarter worth approximately $139,000. Jones Financial Companies Lllp lifted its position in Intuitive Machines by 4,835.4% in the first quarter. Jones Financial Companies Lllp now owns 189,074 shares of the company’s stock worth $1,409,000 after purchasing an additional 185,243 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Intuitive Machines by 43.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after purchasing an additional 7,528 shares during the period. Finally, Gotham Asset Management LLC acquired a new stake in Intuitive Machines in the first quarter worth approximately $15,739,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

About Intuitive Machines

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.