Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 58,828 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 58,828 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $20.03, for a total transaction of $1,178,324.84. Following the transaction, the chief executive officer owned 1,026,402 shares of the company’s stock, valued at $20,558,832.06. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Intuitive Machines Price Performance

LUNR stock traded down $0.39 during midday trading on Tuesday, reaching $21.19. 12,375,532 shares of the stock were exchanged, compared to its average volume of 13,654,785. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95. The company has a fifty day moving average price of $13.45 and a 200 day moving average price of $11.62. The stock has a market capitalization of $3.82 billion, a PE ratio of -8.58 and a beta of 1.37.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently bought and sold shares of LUNR. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 13.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after acquiring an additional 717,256 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after buying an additional 415,359 shares during the period. Voya Investment Management LLC boosted its stake in shares of Intuitive Machines by 56.1% during the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after purchasing an additional 954,778 shares in the last quarter. Geode Capital Management LLC boosted its position in Intuitive Machines by 78.6% during the second quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock valued at $28,191,000 after purchasing an additional 1,141,454 shares in the last quarter. Finally, UBS Group AG grew its holdings in Intuitive Machines by 53.4% in the third quarter. UBS Group AG now owns 2,537,866 shares of the company’s stock worth $26,698,000 after purchasing an additional 883,513 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LUNR shares. Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the company a “buy” rating in a research report on Friday, October 17th. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Canaccord Genuity Group increased their price objective on Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research note on Monday, January 12th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. Finally, B. Riley lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.