Intuitive Machines (NASDAQ:LUNR) CEO Stephen Altemus Sells 13,751 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 13,751 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the completion of the sale, the chief executive officer owned 1,162,495 shares in the company, valued at $27,446,506.95. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Intuitive Machines Trading Up 14.2%

Shares of NASDAQ:LUNR traded up $3.40 during mid-day trading on Thursday, reaching $27.28. The stock had a trading volume of 18,693,514 shares, compared to its average volume of 12,857,254. The company has a market cap of $5.91 billion, a P/E ratio of -36.86 and a beta of 1.31. Intuitive Machines, Inc. has a 1 year low of $6.75 and a 1 year high of $27.37. The business’s 50 day moving average price is $18.98 and its 200 day moving average price is $15.53.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $44.79 million during the quarter, compared to analysts’ expectations of $53.37 million. Analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in Intuitive Machines during the fourth quarter valued at approximately $28,000. Larson Financial Group LLC raised its position in Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after purchasing an additional 1,016 shares during the period. GAMMA Investing LLC raised its position in Intuitive Machines by 41.5% during the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares during the period. CWM LLC raised its position in Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after purchasing an additional 2,337 shares during the period. Finally, Sunbelt Securities Inc. raised its position in Intuitive Machines by 144.8% during the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after purchasing an additional 1,738 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, February 25th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, KeyCorp boosted their target price on Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.94.

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.