BNP Paribas Financial Markets Purchases Shares of 100,122 Intuitive Machines, Inc. (NASDAQ:LUNR)

BNP Paribas Financial Markets purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,122 shares of the company's stock, valued at approximately $1,818,000. BNP Paribas Financial Markets owned approximately 0.07% of Intuitive Machines as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after buying an additional 609,118 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $8,654,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Intuitive Machines during the fourth quarter worth approximately $5,600,000. Finally, Headlands Technologies LLC grew its position in Intuitive Machines by 161,529.8% during the fourth quarter. Headlands Technologies LLC now owns 244,061 shares of the company's stock worth $4,432,000 after buying an additional 243,910 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Cantor Fitzgerald upped their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Roth Mkm cut their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Benchmark reissued a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a report on Tuesday, March 25th. Canaccord Genuity Group boosted their target price on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.44.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Mcgrath sold 37,906 shares of Intuitive Machines stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the sale, the chief financial officer now directly owns 438,992 shares in the company, valued at $3,384,628.32. The trade was a 7.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 271,090 shares of company stock worth $3,106,565. Corporate insiders own 73.68% of the company's stock.

Intuitive Machines Trading Down 5.7%

NASDAQ LUNR traded down $0.68 during trading on Wednesday, hitting $11.23. 5,320,641 shares of the company's stock were exchanged, compared to its average volume of 12,468,389. The company has a market cap of $2.00 billion, a PE ratio of -3.82 and a beta of 1.32. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock's 50 day moving average price is $8.52 and its two-hundred day moving average price is $13.21.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. Analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

About Intuitive Machines

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.