Inscription Capital LLC Takes Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Inscription Capital LLC acquired a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,706 shares of the company's stock, valued at approximately $363,000.

A number of other large investors also recently modified their holdings of LUNR. Two Sigma Investments LP purchased a new position in Intuitive Machines during the fourth quarter worth about $33,255,000. D. E. Shaw & Co. Inc. lifted its position in shares of Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after buying an additional 1,133,581 shares in the last quarter. Vanguard Group Inc. lifted 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 buying an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after buying an additional 609,118 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Intuitive Machines in the 4th quarter worth approximately $9,133,000. Institutional investors own 72.21% of the company's stock.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the sale, the director now owns 3,494,768 shares in the company, valued at $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Peter Mcgrath sold 72,168 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total value of $866,016.00. Following the completion of the transaction, the chief financial officer now directly owns 366,824 shares of the company's stock, valued at $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 311,344 shares of company stock worth $3,591,223. 39.75% of the stock is owned by corporate insiders.

Intuitive Machines Price Performance

Shares of NASDAQ LUNR traded down $0.07 during trading on Thursday, reaching $10.16. 5,014,132 shares of the stock traded hands, compared to its average volume of 12,829,040. The stock has a market capitalization of $1.81 billion, a P/E ratio of -3.72 and a beta of 1.47. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The company has a 50-day moving average of $9.98 and a 200-day moving average of $13.10.

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

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of research analyst reports. Roth Mkm decreased their price target on 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 reaffirmed a "buy" rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price on the stock. B. Riley restated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group raised their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned 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 price target of $16.06.

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.