Kamal Seyed Ghaffarian Sells 40,254 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 40,254 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $12.04, for a total value of $484,658.16. Following the completion of the sale, the director now directly owns 3,494,768 shares of the company's stock, valued at $42,077,006.72. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kamal Seyed Ghaffarian also recently made the following trade(s):

• On Tuesday, May 13th, Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60.

Intuitive Machines Stock Down 2.9%

Shares of NASDAQ LUNR traded down $0.33 during midday trading on Thursday, hitting $10.89. The company had a trading volume of 4,485,403 shares, compared to its average volume of 12,748,727. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -3.70 and a beta of 1.47. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The business has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $13.25.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Gotham Asset Management LLC acquired a new position in shares of Intuitive Machines in the first quarter worth $15,739,000. Two Sigma Investments LP purchased a new stake in Intuitive Machines in the 4th quarter worth approximately $33,255,000. D. E. Shaw & Co. Inc. raised its holdings in 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 acquiring an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the period. Finally, ARK Investment Management LLC acquired a new stake in shares of Intuitive Machines during the first quarter worth $5,531,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LUNR shares. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Cantor Fitzgerald upped their price target on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Barclays initiated coverage on Intuitive Machines in a report on Thursday, May 22nd. They set a "neutral" rating for the company. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.06.

About Intuitive Machines

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.