Jump Financial LLC Purchases New Holdings in Intuitive Machines, Inc. $LUNR

Key Points

• Jump Financial LLC acquired a new stake in Intuitive Machines, Inc. by purchasing 255,001 shares valued at approximately $1.9 million, representing 0.14% ownership as of the end of the reporting period.
• Insider trading activity saw Director Kamal Seyed Ghaffarian selling 40,254 shares for over $543,000, reducing their ownership by 1.14% while insiders collectively sold 201,270 shares worth nearly $2.5 million in the last ninety days.
• Intuitive Machines reported a quarterly loss of ($0.11) earnings per share, missing analyst estimates, with revenue of $50.31 million compared to expectations of $69.19 million, leading to varying analyst price ratings for its stock.

Jump Financial LLC bought a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 255,001 shares of the company's stock, valued at approximately $1,900,000. Jump Financial LLC owned 0.14% of Intuitive Machines as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LUNR. JPMorgan Chase & Co. grew its stake in Intuitive Machines by 63.8% during the 4th quarter. JPMorgan Chase & Co. now owns 20,645 shares of the company's stock valued at $375,000 after acquiring an additional 8,041 shares in the last quarter. Wells Fargo & Company MN lifted its position in Intuitive Machines by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 21,344 shares of the company's stock worth $388,000 after buying an additional 4,889 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Intuitive Machines by 8.3% during the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after acquiring an additional 1,026 shares in the last quarter. Barclays PLC grew its stake in Intuitive Machines by 155.1% in the fourth quarter. Barclays PLC now owns 95,215 shares of the company's stock valued at $1,730,000 after purchasing an additional 57,892 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Intuitive Machines by 28.1% in the fourth quarter. First Trust Advisors LP now owns 40,883 shares of the company's stock valued at $742,000 after purchasing an additional 8,967 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Stock Down 1.5%

LUNR stock traded down $0.13 during mid-day trading on Monday, reaching $8.77. 4,871,229 shares of the stock traded hands, compared to its average volume of 8,421,410. Intuitive Machines, Inc. has a 52 week low of $4.72 and a 52 week high of $24.95. The business has a 50-day moving average of $10.57 and a two-hundred day moving average of $10.45. The firm has a market capitalization of $1.57 billion, a PE ratio of -2.71 and a beta of 1.38.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The firm had revenue of $50.31 million during the quarter, compared to analyst estimates of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the sale, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 201,270 shares of company stock valued at $2,481,659 over the last three months. 39.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LUNR. Zacks Research raised Intuitive Machines to a "strong sell" rating in a research note on Monday, August 11th. Bank of America decreased their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a research report on Monday, August 25th. UBS Group restated a "buy" rating on shares of Intuitive Machines in a report on Monday, August 18th. Canaccord Genuity Group decreased their price objective on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a report on Tuesday, August 19th. Finally, Cantor Fitzgerald raised their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.10.

Intuitive Machines Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.