Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction that occurred on 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 approximately $4,401,888. This trade represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Peter Mcgrath also recently made the following trade(s):
- On Tuesday, April 15th, Peter Mcgrath sold 37,906 shares of Intuitive Machines stock. The stock was sold at an average price of $7.71, for a total value of $292,255.26.
Intuitive Machines Price Performance
Intuitive Machines stock opened at $11.83 on Thursday. The stock's fifty day moving average price is $8.10 and its two-hundred day moving average price is $13.06. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95. The firm has a market cap of $2.11 billion, a PE ratio of -4.02 and a beta of 1.32.
Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million during the quarter, compared to analysts' expectations of $66.07 million. Sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on LUNR shares. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald increased their target price on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price on the stock. Bank of America started coverage on Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price on the stock. Finally, Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.44.
Check Out Our Latest Stock Analysis on Intuitive Machines
Hedge Funds Weigh In On Intuitive Machines
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Intuitive Machines by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company's stock valued at $32,939,000 after purchasing an additional 373,741 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Intuitive Machines in the 4th quarter valued at $33,255,000. Renaissance Technologies LLC boosted its holdings in shares of Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after purchasing an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings 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 valued at $21,102,000 after purchasing an additional 1,133,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Intuitive Machines by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock valued at $20,437,000 after purchasing an additional 191,733 shares in the last quarter. Institutional investors own 72.21% of the company's stock.
About Intuitive Machines
(
Get Free Report)
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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