Kamal Seyed Ghaffarian Sells 141,909 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNRGet Free Report) Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $16.87, for a total value of $2,394,004.83. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $58,956,736.16. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, August 10th, Kamal Seyed Ghaffarian sold 267,448 shares of Intuitive Machines stock. The stock was sold at an average price of $16.17, for a total transaction of $4,324,634.16.
  • On Monday, July 27th, Kamal Seyed Ghaffarian sold 47,303 shares of Intuitive Machines stock. The stock was sold at an average price of $13.20, for a total transaction of $624,399.60.
  • 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 transaction 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 transaction of $3,710,920.35.
  • On Monday, June 1st, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $39.02, for a total transaction of $5,537,289.18.

Intuitive Machines Stock Up 0.4%

Shares of NASDAQ:LUNR opened at $16.18 on Friday. The firm has a fifty day moving average of $16.66 and a two-hundred day moving average of $21.86. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75. The firm has a market capitalization of $3.70 billion, a P/E ratio of -17.03 and a beta of 1.83.

Intuitive Machines (NASDAQ:LUNRGet Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The firm had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. Equities research analysts expect that Intuitive Machines, Inc. will post -0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Roth Capital set a $30.00 price target on Intuitive Machines in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. B. Riley Financial reduced their target price on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and an average target price of $30.06.

View Our Latest Analysis on Intuitive Machines

Hedge Funds Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in shares of Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after purchasing an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Intuitive Machines by 43.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after buying an additional 7,528 shares during the period. Caxton Associates LLP bought a new stake in shares of Intuitive Machines during the 1st quarter worth $139,000. Creative Planning grew its stake in Intuitive Machines by 29.3% in the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock valued at $331,000 after buying an additional 6,886 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Intuitive Machines by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock valued at $205,000 after buying an additional 2,506 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

About Intuitive Machines

(Get Free Report)

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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