Kamal Seyed Ghaffarian Sells 267,448 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 267,448 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the sale, the director owned 3,494,768 shares of the company’s stock, valued at $56,510,398.56. The trade was a 7.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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, 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 value 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 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 shares were sold at an average price of $39.02, for a total transaction 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 transaction of $4,860,383.25.

Intuitive Machines Trading Up 2.9%

LUNR traded up $0.47 during mid-day trading on Wednesday, hitting $16.95. The stock had a trading volume of 13,284,703 shares, compared to its average volume of 9,398,054. The stock’s fifty day simple moving average is $18.70 and its 200-day simple moving average is $21.94. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LUNR shares. KeyCorp increased their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Friday, July 17th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research report on Wednesday, June 24th. Stifel Nicolaus set a $32.00 price target on shares of Intuitive Machines in a research note on Friday, May 15th. Finally, Cantor Fitzgerald increased their target price on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Trustees of the University of Pennsylvania acquired a new position in Intuitive Machines during the fourth quarter worth approximately $52,689,000. Tema ETFs LLC raised its stake in Intuitive Machines by 139,768.2% in the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock valued at $66,418,000 after acquiring an additional 3,102,854 shares during the period. First Trust Advisors LP lifted its holdings in Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after purchasing an additional 2,386,688 shares during the last quarter. Renaissance Technologies LLC bought a new position in Intuitive Machines during the first quarter worth $35,895,000. Finally, Jump Financial LLC increased its holdings in shares of Intuitive Machines by 5,262.9% in the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

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.