Intuitive Machines (NASDAQ:LUNR) Director Sells $1,456,932.40 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 94,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $15.40, for a total transaction of $1,456,932.40. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at $53,819,427.20. The trade was a 2.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 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 shares were sold at an average price of $26.15, for a total value of $3,710,920.35.

Intuitive Machines Trading Down 2.1%

LUNR traded down $0.32 during mid-day trading on Thursday, hitting $14.62. 6,789,785 shares of the stock were exchanged, compared to its average volume of 12,359,824. The firm’s fifty day moving average is $15.64 and its two-hundred day moving average is $21.71. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75. The company has a market cap of $3.35 billion, a PE ratio of -15.39 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results 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 the consensus estimate of $212.32 million. As a group, research analysts anticipate that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

LUNR has been the topic of several recent research reports. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and cut their target price for the stock from $32.00 to $26.00 in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 18th. B. Riley Financial cut their price objective on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a research note on Friday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Institutional Trading of Intuitive Machines

A number of large investors have recently made changes to their positions in LUNR. Nykredit A S purchased a new position in Intuitive Machines in the second quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intuitive Machines in the 4th quarter valued at approximately $28,000. State of Wyoming purchased a new stake in shares of Intuitive Machines in the 1st quarter valued at approximately $39,000. Larson Financial Group LLC raised its holdings in shares of Intuitive Machines by 63.2% in 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 in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after purchasing an additional 1,738 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.