Timothy Price Crain II Sells 100,000 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Key Points

• Intuitive Machines SVP Timothy Crain II sold 100,000 shares at an average of $13.98, worth approximately $1.4 million, under a pre-arranged Rule 10b5-1 plan. He later sold another 50,000 shares at $15.05, reducing his direct holdings by 22.16%.
• LUNR shares rose 3.3% to $16.24, but the company recently reported a larger-than-expected quarterly loss of $0.29 per share and revenue of $206.17 million, below analyst estimates.
• Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $30.50; institutional investors own 72.21% of the stock.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) SVP Timothy Crain, II sold 100,000 shares of the business's stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $13.98, for a total value of $1,398,000.00. Following the sale, the senior vice president directly owned 351,279 shares in the company, valued at $4,910,880.42. This trade represents a 22.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Price Crain II also recently made the following trade(s):

• On Monday, September 21st, Timothy Crain, II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $15.05, for a total value of $752,500.00.

Intuitive Machines Trading Up 3.3%

Shares of NASDAQ:LUNR traded up $0.52 during midday trading on Tuesday, hitting $16.24. 8,317,020 shares of the stock were exchanged, compared to its average volume of 12,179,369. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The company has a 50 day moving average price of $15.12 and a 200-day moving average price of $21.53. The stock has a market cap of $3.72 billion, a P/E ratio of -17.09 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million for the quarter, compared to analysts' expectations of $212.32 million. On average, equities research analysts expect that Intuitive Machines, Inc. will post -0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock worth $52,000 after buying an additional 712 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in Intuitive Machines by 9.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company's stock worth $206,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC lifted its holdings in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company's stock worth $43,000 after purchasing an additional 1,016 shares during the period. Nykredit A S bought a new position in Intuitive Machines in the 2nd quarter valued at about $25,000. Finally, Handelsbanken Fonder AB increased its stake in Intuitive Machines by 3.6% during the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company's stock valued at $558,000 after buying an additional 1,200 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research raised Intuitive Machines from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Bank of America upped their price target on shares of Intuitive Machines from $11.00 to $13.00 and gave the stock an "underperform" rating in a research report on Monday, August 31st. Canaccord Genuity Group dropped their price objective on shares of Intuitive Machines from $41.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, August 18th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Intuitive Machines in a report on Monday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Intuitive Machines in a report on Friday, July 17th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

About Intuitive Machines

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and delivers lunar missions, spacecraft, and related services for government and commercial customers, with a focus on supporting a sustainable presence on the Moon.

Its activities include lunar payload delivery, spacecraft and lander development, lunar communications and navigation services, and the collection and transmission of data from the lunar surface. Intuitive Machines' Nova-C lunar lander is designed to transport scientific instruments, technology demonstrations, and other payloads to the Moon.

Founded in 2013 by Stephen Altemus, who serves as president and chief executive officer, Intuitive Machines has supported NASA's Commercial Lunar Payload Services program.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.