Intuitive Machines (NASDAQ:LUNR) Stock Jumps 7.5% – Here’s What Happened

Posted by Stanley Muller on Oct 2nd, 2026

Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report)’s share price traded up 7.5% during mid-day trading on Friday. The stock traded as high as $14.78 and last traded at $15.10. Approximately 1,546,700 shares were traded during trading, a decline of 87% from the average daily volume of 11,951,203 shares. The stock had previously closed at $14.05.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a report on Monday, September 21st. Bank of America lifted their price target on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, August 31st. Roth Capital set a $30.00 price objective on Intuitive Machines in a research report on Thursday, August 13th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group lowered their price target on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Read Our Latest Stock Analysis on LUNR

Intuitive Machines Stock Up 4.8%

The firm has a market cap of $3.37 billion, a price-to-earnings ratio of -15.59 and a beta of 1.86. The company’s 50-day moving average price is $15.28 and its 200-day moving average price is $21.37.

Intuitive Machines (NASDAQ:LUNR – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In related news, Director Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.17, for a total value of $4,324,634.16. Following the completion of the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $56,510,398.56. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Crain, II sold 100,000 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $13.98, for a total value of $1,398,000.00. Following the sale, the senior vice president owned 351,279 shares in the company, valued at approximately $4,910,880.42. This trade represents a 22.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,201,528 shares of company stock worth $158,629,235. 54.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calamos Advisors LLC acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $2,984,000. Fifth Third Bancorp purchased a new stake in Intuitive Machines during the first quarter worth approximately $4,314,000. Raiffeisen Bank International AG purchased a new stake in Intuitive Machines during the second quarter worth approximately $3,565,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Intuitive Machines by 202.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 461,564 shares of the company’s stock valued at $8,567,000 after purchasing an additional 308,755 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Intuitive Machines in the 1st quarter valued at $35,895,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Company Profile

(Get Free Report)

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates lunar landers, spacecraft, and related systems designed to deliver payloads to the Moon and support communications, navigation, and other lunar operations.

Its primary product platform is the Nova-C lunar lander, which is designed to transport scientific instruments, technology demonstrations, and commercial payloads to the lunar surface. Intuitive Machines also provides lunar data transmission and satellite communications services, autonomous navigation systems, precision landing technologies, and other products intended to support a broader lunar economy.

Founded in 2013 by Steve Altemus, who serves as president and chief executive officer, Intuitive Machines became a publicly traded company in 2024.