Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells 80,508 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines stock in a transaction dated Friday, July 11th. The stock was 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 in the company, valued at $42,111,954.40. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 Price Performance

LUNR traded up $0.16 on Friday, hitting $12.41. The company had a trading volume of 12,909,297 shares, compared to its average volume of 13,091,030. The company's fifty day moving average price is $11.06 and its 200 day moving average price is $12.62. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -4.55 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $62.52 million during the quarter, compared to analysts' expectations of $66.07 million. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

LUNR has been the topic of several research analyst reports. Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Bank of America lowered their target price on Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating on the stock in a research note on Wednesday. Canaccord Genuity Group boosted their price target on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Benchmark reissued a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.44.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. LBP AM SA raised its stake in shares of Intuitive Machines by 17.5% in the second quarter. LBP AM SA now owns 136,998 shares of the company's stock valued at $1,489,000 after purchasing an additional 20,395 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Intuitive Machines by 30.6% in the second quarter. Park Avenue Securities LLC now owns 14,258 shares of the company's stock valued at $155,000 after purchasing an additional 3,343 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Intuitive Machines in the first quarter valued at $11,311,000. Rhumbline Advisers raised its stake in shares of Intuitive Machines by 19.7% in the first quarter. Rhumbline Advisers now owns 52,260 shares of the company's stock valued at $389,000 after purchasing an additional 8,612 shares in the last quarter. Finally, Northeast Financial Consultants Inc acquired a new position in shares of Intuitive Machines in the first quarter valued at $224,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.