Intuitive Machines, Inc. (NASDAQ:LUNR) CFO Peter Mcgrath Sells 37,906 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the transaction, the chief financial officer now directly owns 438,992 shares in the company, valued at approximately $3,384,628.32. This represents a 7.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intuitive Machines Trading Down 1.6 %

LUNR traded down $0.12 on Friday, hitting $7.45. 3,999,659 shares of the stock traded hands, compared to its average volume of 12,060,563. The business has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $13.00. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95. The firm has a market capitalization of $1.33 billion, a PE ratio of -2.53 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. On average, equities research analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America started coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target for the company. Cantor Fitzgerald lowered their price target on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 25th. Roth Capital set a $20.00 price objective on Intuitive Machines in a research report on Friday, March 7th. Finally, Canaccord Genuity Group decreased their target price on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently made changes to their positions in LUNR. Two Sigma Investments LP acquired a new position in Intuitive Machines in the fourth quarter worth about $33,255,000. D. E. Shaw & Co. Inc. grew its stake 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 during the period. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after buying an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after buying an additional 609,118 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in Intuitive Machines in the 4th quarter valued at $9,133,000. Institutional investors and hedge funds own 72.21% of the company's stock.

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.