Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $484,658.16 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 40,254 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $12.04, for a total transaction of $484,658.16. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $42,077,006.72. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60.

Intuitive Machines Stock Up 0.1%

NASDAQ LUNR opened at $11.22 on Thursday. The stock has a market cap of $2.00 billion, a P/E ratio of -3.82 and a beta of 1.47. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The company’s 50-day simple moving average is $9.69 and its 200 day simple moving average is $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analysts’ expectations of $66.07 million. Research analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Institutional Trading of Intuitive Machines

Several large investors have recently added to or reduced their stakes in LUNR. Gotham Asset Management LLC bought a new stake in Intuitive Machines during the first quarter worth about $15,739,000. Two Sigma Investments LP bought a new stake in shares of Intuitive Machines during the fourth quarter valued at approximately $33,255,000. D. E. Shaw & Co. Inc. grew its stake in shares of Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. grew its stake 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 valued at $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Finally, ARK Investment Management LLC bought a new stake in shares of Intuitive Machines during the first quarter valued at approximately $5,531,000. 72.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Intuitive Machines in a research report on Tuesday, March 25th. B. Riley reissued a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Barclays initiated coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They issued a “neutral” rating on the stock. Finally, Roth Mkm lowered their target price on shares of 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, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus target price of $16.06.

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.