Intuitive Machines (NASDAQ:LUNR) Director Sells $5,330,102.04 in Stock

Key Points

• Director sale: Kamal Seyed Ghaffarian sold 283,818 shares at an average price of $18.78 on March 24 for $5,330,102.04, reducing his stake by 7.51% to 3,494,768 shares; the transaction was disclosed in an SEC filing.
• Recent results and market picture: Intuitive Machines reported Q EPS of ($0.04) (beating estimates by $0.01) but revenue of $44.79M missed estimates, shares opened at $17.52 with a 12‑month range of $6.14–$23.32 and a $3.16B market cap, and the consensus analyst rating is "Hold" with an average price target of $19.94.
• Institutional interest: Large institutional buying has occurred (e.g., University of Pennsylvania ~$52.7M, big increases by First Trust, Jump Financial, Geode, Marshall Wace), leaving institutions and hedge funds with about 72.21% ownership.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04. Following the completion of the transaction, the director owned 3,494,768 shares in the company, valued at $65,631,743.04. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Intuitive Machines Stock Down 8.9%

Shares of NASDAQ:LUNR opened at $17.52 on Friday. The business has a 50 day moving average price of $18.35 and a 200 day moving average price of $14.32. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $23.32. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -23.68 and a beta of 1.40.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $44.79 million during the quarter, compared to analyst estimates of $53.37 million. Analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Institutional Trading of Intuitive Machines

Institutional investors have recently made changes to their positions in the business. Trustees of the University of Pennsylvania acquired a new position in Intuitive Machines in the fourth quarter worth about $52,689,000. First Trust Advisors LP boosted its holdings in Intuitive Machines by 3,582.9% during the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company's stock valued at $25,809,000 after purchasing an additional 2,386,688 shares in the last quarter. Jump Financial LLC boosted its holdings in Intuitive Machines by 5,262.9% during the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company's stock valued at $14,095,000 after purchasing an additional 1,314,888 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Intuitive Machines by 78.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company's stock valued at $28,191,000 after purchasing an additional 1,141,454 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Intuitive Machines by 523.7% in the 4th quarter. Marshall Wace LLP now owns 1,260,459 shares of the company's stock valued at $20,457,000 after purchasing an additional 1,058,376 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Roth Mkm reiterated a "buy" rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Stifel Nicolaus boosted their price objective on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Monday, March 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Finally, B. Riley Financial reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.94.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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