SBI Securities Co. Ltd. Has $195,000 Stock Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

SBI Securities Co. Ltd. decreased its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 79.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,202 shares of the company's stock after selling 103,809 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Intuitive Machines were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LUNR. Quarry LP bought a new position in Intuitive Machines in the 4th quarter valued at $44,000. Ancora Advisors LLC acquired a new stake in Intuitive Machines in the fourth quarter valued at $91,000. GAMMA Investing LLC boosted its position in shares of Intuitive Machines by 97,862.5% during the 1st quarter. GAMMA Investing LLC now owns 7,837 shares of the company's stock worth $580,000 after purchasing an additional 7,829 shares in the last quarter. Rossby Financial LCC bought a new position in Intuitive Machines in the 1st quarter valued at about $67,000. Finally, Victory Capital Management Inc. bought a new position in Intuitive Machines in the 4th quarter valued at $183,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LUNR shares. B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Canaccord Genuity Group lifted their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday, May 14th. Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Intuitive Machines in a research report on Tuesday, March 25th. Bank of America reduced their price objective on shares of Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating for the company in a research report on Wednesday. Finally, Barclays started coverage on shares of Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.44.

Intuitive Machines Stock Performance

LUNR opened at $12.25 on Friday. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The firm has a market cap of $2.19 billion, a P/E ratio of -4.49 and a beta of 1.41. The business has a 50 day moving average price of $11.06 and a 200 day moving average price of $12.62.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its 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 firm had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Peter Mcgrath sold 72,168 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer owned 366,824 shares in the company, valued at $4,401,888. This trade represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 80,508 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $12.05, for a total value of $970,121.40. Following the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $42,111,954.40. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 353,946 shares of company stock valued at $4,269,089. Insiders own 39.75% of the company's stock.

Intuitive Machines 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.

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