Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 141,909 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $28.16, for a total transaction of $3,996,157.44. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $98,412,666.88. This trade represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $23.20, for a total transaction of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The shares were sold at an average price of $18.78, for a total transaction of $5,330,102.04.

Intuitive Machines Price Performance

Shares of LUNR stock traded up $2.12 on Wednesday, reaching $29.94. 14,051,625 shares of the company were exchanged, compared to its average volume of 12,969,390. The company has a 50-day moving average of $20.03 and a 200-day moving average of $16.13. The company has a market cap of $6.49 billion, a price-to-earnings ratio of -40.46 and a beta of 1.31. Intuitive Machines, Inc. has a one year low of $7.75 and a one year high of $31.15.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to the consensus estimate of $53.37 million. As a group, sell-side analysts predict that Intuitive Machines, Inc. will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Intuitive Machines

Several institutional investors have recently bought and sold shares of LUNR. Trustees of the University of Pennsylvania purchased a new stake in Intuitive Machines in the 4th quarter valued at $52,689,000. First Trust Advisors LP grew its stake in shares of Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after acquiring an additional 2,386,688 shares in the last quarter. Jump Financial LLC grew its stake in shares of Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock worth $14,095,000 after acquiring an additional 1,314,888 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Intuitive Machines by 523.7% in the fourth quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock valued at $20,457,000 after purchasing an additional 1,058,376 shares during the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock valued at $21,810,000 after purchasing an additional 914,458 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

LUNR has been the topic of a number of recent research reports. Cantor Fitzgerald increased their target price on Intuitive Machines from $16.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. KeyCorp boosted their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Stifel Nicolaus lifted their price objective on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.45.

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.