Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) Director Kamal Seyed Ghaffarian sold 47,303 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $13.20, for a total value of $624,399.60. Following the sale, the director owned 3,494,768 shares in the company, valued at $46,130,937.60. This represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kamal Seyed Ghaffarian also recently made the following trade(s):
- On Monday, June 29th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $20.43, for a total value of $2,899,200.87.
- On Monday, June 15th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $26.15, for a total value of $3,710,920.35.
- On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $39.02, for a total value of $5,537,289.18.
- On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25.
- On Monday, May 4th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $25.14, for a total value of $3,567,592.26.
Intuitive Machines Price Performance
Intuitive Machines stock opened at $12.34 on Friday. The business has a 50 day moving average of $22.56 and a 200-day moving average of $22.20. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75. The company has a market capitalization of $2.68 billion, a P/E ratio of -14.02 and a beta of 1.78.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in LUNR. Calamos Advisors LLC bought a new stake in Intuitive Machines during the first quarter valued at $2,984,000. Jefferies Financial Group Inc. bought a new position in shares of Intuitive Machines in the 4th quarter worth about $717,000. Fifth Third Bancorp bought a new position in shares of Intuitive Machines in the 1st quarter worth about $4,314,000. Trustees of the University of Pennsylvania acquired a new position in shares of Intuitive Machines in the 4th quarter valued at about $52,689,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Intuitive Machines by 403.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 191,783 shares of the company’s stock valued at $3,113,000 after purchasing an additional 153,668 shares during the period. Institutional investors own 72.21% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on LUNR. Wall Street Zen upgraded shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. Canaccord Genuity Group lifted their target price on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a report on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.31.
Get Our Latest Stock Analysis on Intuitive Machines
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.
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