Penserra Capital Management LLC Has $2.37 Million Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Penserra Capital Management LLC boosted its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 59.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,408 shares of the company's stock after purchasing an additional 118,894 shares during the quarter. Penserra Capital Management LLC owned 0.18% of Intuitive Machines worth $2,372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Intuitive Machines by 33.6% during the fourth 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 during the period. Two Sigma Investments LP acquired a new position in Intuitive Machines during the fourth quarter worth $33,255,000. Renaissance Technologies LLC boosted its holdings in Intuitive Machines by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after purchasing an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock worth $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Intuitive Machines by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock worth $20,437,000 after purchasing an additional 191,733 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Roth Capital restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Barclays initiated coverage on Intuitive Machines in a report on Thursday, May 22nd. They issued a "neutral" rating for the company. Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of "Moderate Buy" and an average target price of $16.06.

Insider Buying and Selling

In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Mcgrath sold 72,168 shares of the company's stock in a transaction dated 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 directly owned 366,824 shares of the company's stock, valued at approximately $4,401,888. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 311,344 shares of company stock valued at $3,591,223. 39.75% of the stock is owned by corporate insiders.

Intuitive Machines Price Performance

LUNR traded down $0.32 during trading on Friday, hitting $10.86. 12,103,358 shares of the stock traded hands, compared to its average volume of 13,002,014. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -3.98 and a beta of 1.41. The business has a 50 day moving average price of $10.84 and a 200 day moving average price of $12.85.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. On average, equities research analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Intuitive Machines Company 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.