SG Americas Securities LLC Sells 232,395 Shares of Intuitive Machines, Inc. $LUNR

Key Points

• SG Americas Securities cut its stake in Intuitive Machines by 78% in Q4, selling 232,395 shares and leaving the firm with 65,519 shares valued at about $1.06 million.
• Company insiders have been active sellers recently — the CEO sold 428,503 shares (~$8.6M) and the CFO sold 25,541 shares, with insiders offloading a total of 1,397,311 shares (~$27.24M) in the past three months while still owning 39.75%.
• Several analysts raised price targets and issued buy ratings (e.g., Canaccord, Deutsche Bank, Cantor Fitzgerald), yet the consensus from MarketBeat remains an average "Hold" with a $19.94 target as the stock trades near its one‑year high (~$23.39) and a $5.07B market cap.

SG Americas Securities LLC trimmed its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 78.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,519 shares of the company's stock after selling 232,395 shares during the quarter. SG Americas Securities LLC's holdings in Intuitive Machines were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LUNR. First Trust Advisors LP grew its stake in Intuitive Machines by 3,582.9% during the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company's stock worth $25,809,000 after buying an additional 2,386,688 shares during the last quarter. Jump Financial LLC grew its stake in Intuitive Machines by 5,262.9% during the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company's stock worth $14,095,000 after buying an additional 1,314,888 shares during the last quarter. Voya Investment Management LLC grew its stake in Intuitive Machines by 56.1% during the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company's stock worth $27,948,000 after buying an additional 954,778 shares during the last quarter. ARK Investment Management LLC grew its stake in Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company's stock worth $21,810,000 after buying an additional 914,458 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in Intuitive Machines by 177.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company's stock worth $15,041,000 after buying an additional 913,650 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 25,541 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total value of $445,435.04. Following the transaction, the chief financial officer directly owned 425,800 shares of the company's stock, valued at approximately $7,425,952. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen J. Altemus sold 428,503 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $20.06, for a total transaction of $8,595,770.18. Following the completion of the transaction, the chief executive officer directly owned 1,026,402 shares in the company, valued at approximately $20,589,624.12. The trade was a 29.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,397,311 shares of company stock valued at $27,242,918 in the last three months. Insiders own 39.75% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on LUNR shares. B. Riley Financial reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, February 17th. Canaccord Genuity Group upped their price objective 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 reissued a "buy" rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intuitive Machines from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Finally, Cantor Fitzgerald increased their price target 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. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuitive Machines currently has an average rating of "Hold" and an average target price of $19.94.

Intuitive Machines Price Performance

LUNR opened at $23.39 on Thursday. Intuitive Machines, Inc. has a one year low of $6.75 and a one year high of $25.00. The company's 50 day simple moving average is $18.51 and its 200-day simple moving average is $15.06. The stock has a market capitalization of $5.07 billion, a P/E ratio of -31.61 and a beta of 1.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $44.79 million for the quarter, compared to the consensus estimate of $53.37 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

About Intuitive Machines

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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