Strategic Blueprint LLC Decreases Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Strategic Blueprint LLC trimmed its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,835 shares of the company's stock after selling 71,513 shares during the period. Strategic Blueprint LLC's holdings in Intuitive Machines were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Intuitive Machines during the fourth quarter worth about $33,255,000. Renaissance Technologies LLC increased its position in shares of 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 in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LUNR. Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Canaccord Genuity Group lifted their target price on Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Roth Mkm dropped their price target on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Intuitive Machines currently has an average rating of "Moderate Buy" and an average price target of $16.06.

Intuitive Machines Stock Up 0.9%

Shares of LUNR stock opened at $10.81 on Monday. The stock has a market capitalization of $1.93 billion, a PE ratio of -3.96 and a beta of 1.41. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The stock's 50-day moving average price is $10.66 and its 200 day moving average price is $12.93.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released 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 business had revenue of $62.52 million during the quarter, compared to the consensus estimate of $66.07 million. Analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 72,168 shares of the business'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 transaction of $866,016.00. Following the transaction, the chief financial officer owned 366,824 shares in the company, valued at approximately $4,401,888. The trade was a 16.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60. Following the transaction, the director owned 3,494,768 shares in the company, valued at $42,286,692.80. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 311,344 shares of company stock worth $3,591,223 in the last quarter. 39.75% of the stock is currently owned by insiders.

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.

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