Timothy Price Crain II Sells 150,000 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNRGet Free Report) SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the transaction, the senior vice president owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Price Crain II also recently made the following trade(s):

  • On Wednesday, April 15th, Timothy Price Crain II sold 8,447 shares of Intuitive Machines stock. The shares were sold at an average price of $23.61, for a total value of $199,433.67.

Intuitive Machines Stock Performance

Shares of LUNR opened at $20.95 on Wednesday. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $46.75. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of -23.81 and a beta of 1.68. The business’s fifty day moving average is $29.84 and its 200-day moving average is $21.99.

Intuitive Machines (NASDAQ:LUNRGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. As a group, research analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trustees of the University of Pennsylvania acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at about $52,689,000. First Trust Advisors LP lifted its stake in shares of Intuitive Machines by 3,582.9% in the third 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 during the period. Renaissance Technologies LLC bought a new stake in Intuitive Machines in the first quarter valued at approximately $35,895,000. Jump Financial LLC boosted its holdings in Intuitive Machines by 5,262.9% in the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after acquiring an additional 1,314,888 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Intuitive Machines by 188.9% during the 1st quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock valued at $34,948,000 after purchasing an additional 1,231,188 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LUNR shares. B. Riley Financial lifted their price target on shares of Intuitive Machines to $45.00 and gave the company a “buy” rating in a report on Friday, May 15th. Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Cantor Fitzgerald boosted their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Finally, Roth Mkm raised their price objective on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.50.

Get Our Latest Research Report on Intuitive Machines

About Intuitive Machines

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Intuitive Machines (NASDAQ:LUNR)

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