Comerica Bank Has $3.60 Million Stock Holdings in Intuitive Machines, Inc. $LUNR

Key Points

• Comerica Bank raised its Q4 stake in Intuitive Machines by 55.5%, buying 79,102 shares to hold 221,701 shares worth about $3.60 million (≈0.12% of the company).
• Heavy insider selling — Director Kamal Seyed Ghaffarian sold 141,909 shares (~$3.996M) and the CFO sold 24,554 shares, with insiders owning 54.10% and selling 904,301 shares (~$18.67M) over the past 90 days.
• Intuitive Machines has a market cap of $5.55 billion and a 12‑month trading range of $7.78–$31.15; analysts' consensus is a Hold with an average price target of $21.55, though several firms have lifted targets into the $22–$35 range.

Comerica Bank lifted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 55.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 221,701 shares of the company's stock after buying an additional 79,102 shares during the quarter. Comerica Bank owned about 0.12% of Intuitive Machines worth $3,598,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake 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 worth $43,000 after buying an additional 781 shares during the last quarter. CWM LLC lifted its stake in shares of Intuitive Machines by 406.4% during 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 during the last quarter. Quarry LP lifted its stake in shares of Intuitive Machines by 151.4% during the 3rd quarter. Quarry LP now owns 6,457 shares of the company's stock worth $68,000 after buying an additional 3,889 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth about $94,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter worth about $104,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $25.62 on Monday. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $31.15. The company has a 50-day simple moving average of $21.10 and a two-hundred day simple moving average of $16.71. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of -34.62 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $44.79 million during the quarter, compared to analyst estimates of $53.37 million. On average, sell-side analysts anticipate that Intuitive Machines, Inc. will post -0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $28.16, for a total value of $3,996,157.44. Following the completion of the sale, the director owned 3,494,768 shares in the company, valued at $98,412,666.88. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Mcgrath sold 24,554 shares of Intuitive Machines stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the sale, the chief financial officer owned 401,246 shares of the company's stock, valued at $9,473,418.06. This trade represents a 5.77% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 904,301 shares of company stock worth $18,670,817. 54.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Monday, March 23rd. Cantor Fitzgerald raised their target price on shares of Intuitive Machines from $16.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, March 20th. Canaccord Genuity Group raised their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the stock a "buy" rating in a research note on Friday, March 20th. Roth Mkm raised their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.55.

Intuitive Machines Profile

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.

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