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

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

Intuitive Machines Trading Up 4.5%

Intuitive Machines stock traded up $0.53 during midday trading on Friday, reaching $12.36. 9,171,451 shares of the stock traded hands, compared to its average volume of 12,509,865. The firm has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $13.15. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -4.20 and a beta of 1.32. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share 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. Analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Institutional Trading of Intuitive Machines

A number of institutional investors have recently made changes to their positions in LUNR. Barclays PLC lifted its stake in shares of Intuitive Machines by 275.2% in the 3rd quarter. Barclays PLC now owns 37,323 shares of the company's stock worth $300,000 after acquiring an additional 27,376 shares during the period. Connective Portfolio Management LLC acquired a new stake in shares of Intuitive Machines in the 4th quarter worth approximately $872,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Intuitive Machines by 144.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company's stock worth $1,044,000 after acquiring an additional 33,939 shares during the period. Sanders Morris Harris LLC acquired a new stake in shares of Intuitive Machines in the 4th quarter worth approximately $454,000. Finally, SG Americas Securities LLC raised its holdings in shares of Intuitive Machines by 55.7% in the 4th quarter. SG Americas Securities LLC now owns 18,046 shares of the company's stock worth $328,000 after purchasing an additional 6,454 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of recent research reports. Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Tuesday. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday. Roth Mkm reduced their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. Finally, Bank of America initiated coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price for the company. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.