Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 80,508 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 80,508 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director directly owned 3,494,768 shares of the company's stock, valued at $42,111,954.40. This trade represents a 2.25% 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 link.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Friday, June 6th, Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock. The shares were sold at an average price of $12.04, for a total value of $484,658.16.
• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60.

Intuitive Machines Stock Performance

Intuitive Machines stock traded up $1.03 during midday trading on Thursday, reaching $12.25. The company's stock had a trading volume of 14,718,572 shares, compared to its average volume of 13,091,700. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock's 50 day simple moving average is $11.06 and its 200 day simple moving average is $12.62. The firm has a market capitalization of $2.19 billion, a PE ratio of -4.49 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results 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 the consensus estimate of $66.07 million. Equities analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently bought and sold shares of LUNR. Quarry LP purchased a new position in shares of Intuitive Machines in the fourth quarter valued at $44,000. Rossby Financial LCC purchased a new position in shares of Intuitive Machines in the first quarter valued at $67,000. Jones Financial Companies Lllp increased its position in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after buying an additional 3,381 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Intuitive Machines in the first quarter valued at $78,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Intuitive Machines in the first quarter valued at $81,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LUNR. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Barclays started coverage on Intuitive Machines in a report on Thursday, May 22nd. They set a "neutral" rating for the company. Finally, Canaccord Genuity Group increased their price target on Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.44.

Intuitive Machines Company 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.