Kamal Seyed Ghaffarian Sells 1,698 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 1,698 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $16.00, for a total transaction of $27,168.00. Following the completion of the sale, the director owned 3,494,768 shares in the company, valued at $55,916,288. This represents a 0.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, September 8th, Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock. The stock was sold at an average price of $15.40, for a total value of $1,456,932.40.
• 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 value 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 value of $4,324,634.16.
• On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The shares were sold at an average price of $13.20, for a total value 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 value 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 value of $3,710,920.35.

Intuitive Machines Trading Down 1.8%

NASDAQ LUNR opened at $14.35 on Friday. The firm has a market capitalization of $3.29 billion, a P/E ratio of -15.11 and a beta of 1.85. The business has a fifty day simple moving average of $15.44 and a 200 day simple moving average of $21.64. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analysts’ expectations of $212.32 million. As a group, sell-side analysts predict that Intuitive Machines, Inc. will post -0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S purchased a new stake in Intuitive Machines during the second quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in Intuitive Machines in the fourth quarter valued at about $28,000. State of Wyoming purchased a new position in Intuitive Machines in the first quarter valued at about $39,000. Larson Financial Group LLC grew its position in shares of Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Intuitive Machines by 34.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after acquiring an additional 712 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. 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. Canaccord Genuity Group dropped their target price on shares of Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. B. Riley Financial cut their target price on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Stifel Nicolaus raised Intuitive Machines from a “hold” rating to a “buy” rating and decreased their price target for the company from $32.00 to $26.00 in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines’ Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA’s Commercial Lunar Payload Services program.