Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 47,303 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 47,303 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $46,130,937.60. This trade represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 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 stock was 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 value of $5,537,289.18.
• On Monday, May 18th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were 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 shares were sold at an average price of $25.14, for a total transaction of $3,567,592.26.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $11.39 on Thursday. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $46.75. The company has a 50-day simple moving average of $23.52 and a 200-day simple moving average of $22.31. The firm has a market capitalization of $2.47 billion, a P/E ratio of -12.94 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. As a group, sell-side analysts forecast that Intuitive Machines, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Intuitive Machines during the fourth quarter worth approximately $28,000. State of Wyoming bought a new position in Intuitive Machines during the 1st quarter valued at $39,000. GAMMA Investing LLC increased its position in shares of Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after purchasing an additional 781 shares during the period. Larson Financial Group LLC increased 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 purchasing an additional 1,016 shares during the period. Finally, CWM LLC raised its stake in shares of Intuitive Machines by 406.4% in the 4th quarter. CWM LLC now owns 2,912 shares of the company’s stock worth $47,000 after buying an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

LUNR has been the subject of several analyst reports. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. KeyCorp raised their target price on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $34.00 price target on shares of Intuitive Machines in a report on Wednesday, May 20th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines presently has an average rating of “Hold” and an average target price of $33.31.

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.