183,483 Shares in Intuitive Machines, Inc. $LUNR Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired a new stake in Intuitive Machines, Inc. ($LUNR), purchasing 183,483 shares valued at approximately $1,367,000, representing around 0.10% of the company's shares.
• Insider transactions include the sale of 80,508 shares by Director Kamal Seyed Ghaffarian, indicating a 2.25% decrease in his ownership, as well as a total of 161,016 shares sold by insiders over the last 90 days.
• Intuitive Machines reported a quarterly loss of ($0.11) earnings per share, missing analyst expectations, while its stock has a consensus rating of "Moderate Buy" with a target price of $15.10.

Trexquant Investment LP purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 183,483 shares of the company's stock, valued at approximately $1,367,000. Trexquant Investment LP owned about 0.10% of Intuitive Machines as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Intuitive Machines by 97,862.5% in the first quarter. GAMMA Investing LLC now owns 7,837 shares of the company's stock worth $580,000 after buying an additional 7,829 shares in the last quarter. Rossby Financial LCC purchased a new stake in Intuitive Machines in the first quarter worth $67,000. PharVision Advisers LLC purchased a new position in Intuitive Machines during the fourth quarter valued at $185,000. Sigma Planning Corp purchased a new position in Intuitive Machines during the first quarter valued at $78,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Intuitive Machines in the 1st quarter worth about $81,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares in the company, valued at approximately $47,144,420.32. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 161,016 shares of company stock valued at $1,997,001. 39.75% of the stock is owned by corporate insiders.

Intuitive Machines Stock Up 2.7%

Shares of Intuitive Machines stock traded up $0.22 on Thursday, reaching $8.52. The company's stock had a trading volume of 4,556,518 shares, compared to its average volume of 7,224,280. The company has a market capitalization of $1.52 billion, a P/E ratio of -2.63 and a beta of 1.38. Intuitive Machines, Inc. has a 52-week low of $5.34 and a 52-week high of $24.95. The stock has a 50-day moving average price of $10.19 and a 200-day moving average price of $9.91.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The business had revenue of $50.31 million during the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LUNR. Cantor Fitzgerald lifted their price target on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Barclays started coverage on Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating for the company. UBS Group reiterated a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Finally, Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a report on Monday, August 11th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.10.

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.