Intuitive Machines, Inc. $LUNR Shares Bought by SBI Securities Co. Ltd.

Key Points

• SBI Securities boosted its stake in Intuitive Machines by 403.2%, adding 153,668 shares to hold 191,783 shares (about 0.11% of the company) valued at roughly $3.11 million per its 13F filing.
• Analysts have lifted targets and ratings recently—there are 8 Buys, 3 Holds and 2 Sells with an average price target of $21.55, and individual targets raised as high as $35.
• Insiders have been net sellers, disposing of over 1,046,210 shares (~$22.24 million) in the past 90 days, though insiders still own about 54.10% of the stock.

SBI Securities Co. Ltd. lifted its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 403.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,783 shares of the company's stock after buying an additional 153,668 shares during the period. SBI Securities Co. Ltd. owned approximately 0.11% of Intuitive Machines worth $3,113,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Intuitive Machines by 19.7% during the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company's stock valued at $120,000 after buying an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company's stock worth $184,000 after acquiring an additional 7,528 shares during the period. Caxton Associates LLP purchased a new position in Intuitive Machines in the 1st quarter worth approximately $139,000. Creative Planning boosted its holdings in Intuitive Machines by 29.3% in the 2nd quarter. Creative Planning now owns 30,407 shares of the company's stock worth $331,000 after acquiring an additional 6,886 shares during the period. Finally, Cetera Investment Advisers grew its position in Intuitive Machines by 15.3% in the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company's stock valued at $205,000 after acquiring an additional 2,506 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

LUNR has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an "overweight" rating in a research note on Friday, March 20th. Stifel Nicolaus raised their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a "hold" rating in a report on Monday, March 23rd. Canaccord Genuity Group lifted their price target 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. B. Riley Financial reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Finally, Roth Mkm upped their price objective on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.55.

Intuitive Machines Stock Up 6.2%

Shares of LUNR opened at $26.33 on Thursday. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of -35.58 and a beta of 1.47. The business's 50 day moving average is $21.41 and its two-hundred day moving average is $16.90. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $31.15.

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

Insider Activity at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 150,000 shares of the business's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $17.55, for a total value of $2,632,500.00. Following the completion of the sale, the senior vice president owned 359,726 shares of the company's stock, valued at approximately $6,313,191.30. The trade was a 29.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 283,818 shares of the company's stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $18.78, for a total transaction of $5,330,102.04. Following the completion of the sale, the director owned 3,494,768 shares in the company, valued at approximately $65,631,743.04. This trade represents a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,046,210 shares of company stock valued at $22,238,410 in the last 90 days. 54.10% of the stock is currently owned by insiders.

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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