Intuitive Machines (NASDAQ:LUNR) Director Sells $2,394,004.83 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 141,909 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $16.87, for a total transaction of $2,394,004.83. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $58,956,736.16. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 value 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 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 stock was sold at an average price of $39.02, for a total transaction of $5,537,289.18.

Intuitive Machines Stock Performance

Shares of LUNR stock opened at $15.37 on Friday. Intuitive Machines, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $46.75. The stock has a 50 day moving average price of $16.51 and a two-hundred day moving average price of $21.81. The company has a market capitalization of $3.52 billion, a P/E ratio of -16.18 and a beta of 1.83.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.64 earnings per share for the current year.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently made changes to their positions in LUNR. Corient Private Wealth LP increased its position in shares of Intuitive Machines by 18.4% during the 2nd quarter. Corient Private Wealth LP now owns 29,848 shares of the company’s stock valued at $638,000 after purchasing an additional 4,646 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Intuitive Machines by 2,309.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,046,364 shares of the company’s stock valued at $65,162,000 after buying an additional 2,919,922 shares in the last quarter. Odyssean LLC bought a new position in shares of Intuitive Machines in the second quarter worth about $277,000. Raiffeisen Bank International AG purchased a new stake in Intuitive Machines during the 2nd quarter valued at approximately $3,565,000. Finally, Nykredit A S purchased a new position in Intuitive Machines during the second quarter valued at $25,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and lowered their price target for the company from $32.00 to $26.00 in a research report on Friday, August 14th. Cantor Fitzgerald lowered their target price on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Roth Capital set a $30.00 target price on Intuitive Machines in a research note on Thursday, August 13th. Seven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.06.

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.