Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Sells 72,168 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction dated 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 now owns 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 SEC, which can be accessed through the SEC website.

Peter Mcgrath also recently made the following trade(s):

• On Tuesday, April 15th, Peter Mcgrath sold 37,906 shares of Intuitive Machines stock. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26.

Intuitive Machines Price Performance

NASDAQ LUNR traded down $0.18 on Tuesday, reaching $11.94. The company had a trading volume of 1,199,804 shares, compared to its average volume of 12,439,225. The firm has a market capitalization of $2.13 billion, a PE ratio of -4.06 and a beta of 1.32. The firm has a 50-day moving average of $8.42 and a 200-day moving average of $13.22. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. As a group, sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LUNR shares. Bank of America began coverage on Intuitive Machines in a research report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Roth Mkm decreased their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Finally, Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and a consensus price target of $16.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LUNR. Vanguard Group Inc. boosted its stake in shares of Intuitive Machines by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company's stock valued at $32,939,000 after buying an additional 373,741 shares during the last quarter. Gotham Asset Management LLC bought a new position in Intuitive Machines during the 1st quarter valued at $15,739,000. Two Sigma Investments LP bought a new position in Intuitive Machines during the 4th quarter valued at $33,255,000. Renaissance Technologies LLC grew its holdings in Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after acquiring an additional 609,118 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Intuitive Machines by 3,991.5% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.