Intuitive Machines (NASDAQ:LUNR) CFO Peter Mcgrath Sells 24,554 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the transaction, the chief financial officer directly owned 401,246 shares in the company, valued at $9,473,418.06. This represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Peter Mcgrath also recently made the following trade(s):

• On Wednesday, February 11th, Peter Mcgrath sold 25,541 shares of Intuitive Machines stock. The shares were sold at an average price of $17.44, for a total transaction of $445,435.04.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $3.40 during trading on Thursday, reaching $27.28. 18,693,514 shares of the company’s stock traded hands, compared to its average volume of 12,857,254. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of -36.86 and a beta of 1.31. The company’s 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $15.53. Intuitive Machines, Inc. has a 12-month low of $6.75 and a 12-month high of $27.37.

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

Institutional Trading of Intuitive Machines

A number of institutional investors have recently bought and sold shares of LUNR. Trustees of the University of Pennsylvania acquired a new stake in Intuitive Machines during the 4th quarter valued at approximately $52,689,000. First Trust Advisors LP lifted its stake in Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after acquiring an additional 2,386,688 shares during the period. Jump Financial LLC lifted its stake in Intuitive Machines by 5,262.9% during the 3rd 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 period. Marshall Wace LLP lifted its stake in Intuitive Machines by 523.7% during the 4th quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock valued at $20,457,000 after acquiring an additional 1,058,376 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Intuitive Machines by 56.1% during the 3rd quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after acquiring an additional 954,778 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Cantor Fitzgerald lifted their target price on shares of Intuitive Machines from $16.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. Canaccord Genuity Group lifted their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Stifel Nicolaus lifted their target price on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines has an average rating of “Hold” and a consensus target price of $19.94.

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.