Kamal Seyed Ghaffarian Sells 161,016 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 161,016 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Intuitive Machines Price Performance

LUNR traded down $0.18 on Tuesday, hitting $11.94. The company had a trading volume of 1,199,804 shares, compared to its average volume of 12,439,225. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -4.06 and a beta of 1.32. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95. The company's fifty day moving average price is $8.42 and its 200 day moving average price is $13.22.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LUNR. Northeast Financial Consultants Inc acquired a new position in shares of Intuitive Machines in the first quarter valued at approximately $224,000. Caxton Associates LLP bought a new position in shares of Intuitive Machines in the first quarter valued at about $139,000. Jones Financial Companies Lllp lifted its position in Intuitive Machines by 4,835.4% during the first quarter. Jones Financial Companies Lllp now owns 189,074 shares of the company's stock worth $1,409,000 after acquiring an additional 185,243 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company's stock valued at $184,000 after buying an additional 7,528 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new position in shares of Intuitive Machines in the first quarter valued at about $15,739,000. 72.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of recent analyst reports. Bank of America started coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. Roth Mkm cut their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective for the company. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Cantor Fitzgerald raised their price objective on shares of Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $16.44.

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.