Insider Selling: Intuitive Machines (NASDAQ:LUNR) SVP Sells $484,066.20 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 24,155 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $20.04, for a total transaction of $484,066.20. Following the completion of the sale, the senior vice president owned 298,435 shares in the company, valued at approximately $5,980,637.40. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 15th, Timothy Price Crain II sold 170,185 shares of Intuitive Machines stock. The shares were sold at an average price of $20.06, for a total transaction of $3,413,911.10.
• On Thursday, January 8th, Timothy Price Crain II sold 5,660 shares of Intuitive Machines stock. The stock was sold at an average price of $20.00, for a total value of $113,200.00.
• On Monday, December 22nd, Timothy Price Crain II sold 200,000 shares of Intuitive Machines stock. The shares were sold at an average price of $16.04, for a total value of $3,208,000.00.
• On Friday, December 19th, Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock. The stock was sold at an average price of $14.22, for a total value of $2,133,000.00.

Intuitive Machines Trading Down 1.8%

Shares of NASDAQ:LUNR traded down $0.39 during trading on Tuesday, hitting $21.19. 12,375,532 shares of the company’s stock traded hands, compared to its average volume of 13,654,785. The company has a 50-day moving average price of $13.45 and a 200-day moving average price of $11.62. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -8.58 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LUNR shares. B. Riley upped their target price on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research note on Wednesday, October 8th. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Stifel Nicolaus set a $20.00 price objective on shares of Intuitive Machines and gave the stock a “hold” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. ARK Investment Management LLC raised its holdings in Intuitive Machines by 56.1% in the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock valued at $12,596,000 after acquiring an additional 416,337 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Intuitive Machines by 36.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock worth $5,121,000 after purchasing an additional 129,896 shares during the period. SG Americas Securities LLC acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $3,134,000. Ensign Peak Advisors Inc bought a new stake in Intuitive Machines in the 2nd quarter valued at $373,000. Finally, Voya Investment Management LLC grew its holdings in Intuitive Machines by 56.1% in the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after buying an additional 954,778 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Company Profile

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.