Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) Director Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $15.40, for a total value of $1,456,932.40. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at $53,819,427.20. This represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kamal Seyed Ghaffarian also recently made the following trade(s):
- On Wednesday, September 9th, Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock. The shares were sold at an average price of $16.00, for a total value of $27,168.00.
- On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $16.87, for a total transaction of $2,394,004.83.
- On Monday, August 10th, Kamal 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 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 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 Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $26.15, for a total transaction of $3,710,920.35.
Intuitive Machines Price Performance
LUNR traded down $0.32 on Thursday, reaching $14.62. 6,789,785 shares of the company’s stock were exchanged, compared to its average volume of 12,359,824. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The stock has a market cap of $3.35 billion, a PE ratio of -15.39 and a beta of 1.85. The stock’s fifty day moving average price is $15.64 and its 200-day moving average price is $21.71.
Institutional Investors Weigh In On Intuitive Machines
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new stake in shares of Intuitive Machines during the 2nd quarter worth about $64,452,000. WINTON GROUP Ltd raised its holdings in Intuitive Machines by 538.9% in the 2nd quarter. WINTON GROUP Ltd now owns 171,857 shares of the company’s stock valued at $3,676,000 after buying an additional 144,957 shares during the period. Engineers Gate Manager LP acquired a new position in Intuitive Machines in the second quarter valued at about $1,732,000. Integrated Wealth Concepts LLC purchased a new position in Intuitive Machines during the second quarter worth about $88,000. Finally, Connective Capital Management LLC purchased a new position in Intuitive Machines during the second quarter worth about $393,000. Institutional investors and hedge funds own 72.21% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Cantor Fitzgerald dropped their target price on Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. B. Riley Financial lowered their price target on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a report on Wednesday, May 20th. Finally, Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.
View Our Latest Research Report 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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