Insider Selling: Intuitive Machines (NASDAQ:LUNR) CEO Sells 83,914 Shares of Stock

Key Points

• CEO Stephen Altemus sold 83,914 shares on Jan. 2 at an average of $18.04 for $1.51M, reducing his holding by 7.56% to 1,026,402 shares valued at roughly $18.5M.
• Shares recently traded near $18.82 (50-day/200-day moving averages $11.86/$11.06) with a 12‑month range of $6.14–$24.95, and analysts show a consensus rating of “Moderate Buy” with a $16.25 average price target amid mixed individual ratings.
• Institutional investors own 72.21% of the stock, with notable position increases from ARK, Voya and Intech and new stakes by Ensign Peak and AXQ Capital.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CEO Stephen Altemus sold 83,914 shares of the business's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $1,513,808.56. Following the completion of the transaction, the chief executive officer owned 1,026,402 shares in the company, valued at $18,516,292.08. This represents a 7.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intuitive Machines Stock Performance

NASDAQ:LUNR traded up $0.46 on Tuesday, reaching $18.82. The stock had a trading volume of 8,688,275 shares, compared to its average volume of 11,179,374. The company has a 50-day moving average of $11.86 and a 200 day moving average of $11.06. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. ARK Investment Management LLC grew its stake in shares of Intuitive Machines by 56.1% in the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company's stock valued at $12,596,000 after buying an additional 416,337 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in Intuitive Machines in the second quarter valued at approximately $373,000. Voya Investment Management LLC lifted its stake in Intuitive Machines by 56.1% in the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company's stock valued at $27,948,000 after acquiring an additional 954,778 shares during the last quarter. Intech Investment Management LLC grew its position in Intuitive Machines by 96.6% in the second quarter. Intech Investment Management LLC now owns 77,390 shares of the company's stock worth $841,000 after acquiring an additional 38,017 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in shares of Intuitive Machines during the 2nd quarter worth $314,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LUNR. Bank of America raised their price target on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an "underperform" rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Canaccord Genuity Group reduced their target price on Intuitive Machines from $18.50 to $15.50 and set a "buy" rating on the stock in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the stock a "buy" rating in a research report on Friday, October 17th. Finally, KeyCorp initiated coverage on Intuitive Machines in a report on Thursday, December 18th. They issued an "overweight" rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.25.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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