Intuitive Machines (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 50,000 Shares of Stock

Key Points

• Intuitive Machines SVP Timothy Crain II sold 50,000 shares at an average price of $15.05, generating $752,500. The transaction was conducted under a pre-arranged Rule 10b5-1 plan; Crain also sold 100,000 shares a few days earlier.
• LUNR shares rose 3.3% to $16.24 during Tuesday trading, but remain well below their 12-month high of $46.75. The company has a $3.72 billion market capitalization and is not currently profitable.
• The company’s latest quarterly results missed expectations, with an adjusted loss of $0.29 per share and revenue of $206.17 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $30.50, while institutional investors and hedge funds own 72.21% of shares.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) SVP Timothy Crain, II sold 50,000 shares of the company's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $15.05, for a total transaction of $752,500.00. Following the transaction, the senior vice president owned 351,279 shares in the company, valued at $5,286,748.95. The trade was a 12.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Price Crain II also recently made the following trade(s):

• On Friday, September 18th, Timothy Crain, II sold 100,000 shares of Intuitive Machines stock. The stock was sold at an average price of $13.98, for a total transaction of $1,398,000.00.

Intuitive Machines Trading Up 3.3%

Shares of NASDAQ LUNR traded up $0.52 during midday trading on Tuesday, hitting $16.24. The company's stock had a trading volume of 8,317,020 shares, compared to its average volume of 12,179,369. The business's 50 day moving average is $15.12 and its two-hundred day moving average is $21.53. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75. The firm has a market cap of $3.72 billion, a P/E ratio of -17.09 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to the consensus estimate of $212.32 million. On average, analysts predict that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LUNR. Stifel Nicolaus upgraded shares of Intuitive Machines from a "hold" rating to a "buy" rating and decreased their price objective for the company from $32.00 to $26.00 in a report on Friday, August 14th. Roth Capital set a $30.00 price target on Intuitive Machines in a report on Thursday, August 13th. Cantor Fitzgerald restated an "overweight" rating on shares of Intuitive Machines in a report on Monday. Bank of America upped their target price on Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a report on Monday, August 31st. Finally, B. Riley Financial decreased their price objective on Intuitive Machines from $45.00 to $43.00 and set a "buy" rating for the company in a report on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $30.50.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently made changes to their positions in the company. Calamos Advisors LLC purchased a new position in Intuitive Machines during the 1st quarter worth approximately $2,984,000. Jefferies Financial Group Inc. acquired a new position in shares of Intuitive Machines in the fourth quarter worth about $717,000. Fifth Third Bancorp purchased a new position in Intuitive Machines during the first quarter worth approximately $4,314,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Intuitive Machines by 202.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 461,564 shares of the company's stock valued at $8,567,000 after buying an additional 308,755 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in Intuitive Machines in the 2nd quarter valued at $3,565,000. 72.21% of the stock is owned by institutional investors and hedge funds.

About Intuitive Machines

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines' Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA's Commercial Lunar Payload Services program.

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