Investors Purchase Large Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Key Points

• Investors purchased a significant volume of 33,227 call options for Intuitive Machines, marking a 47% increase from the average daily volume of 22,633 options.
• Institutional ownership for Intuitive Machines now stands at 72.21%, with notable investments from firms like Gotham Asset Management and ARK Investment Management.
• The company reported a loss of $0.11 per share in its latest earnings, missing expectations, with revenues of $50.31 million compared to a forecast of $69.19 million.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders purchased 33,227 call options on the company. This is an increase of approximately 47% compared to the average daily volume of 22,633 call options.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction on Monday, July 28th. The stock was sold at an average price of $13.49, for a total transaction of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 161,016 shares of company stock worth $1,997,001 over the last ninety days. 39.75% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Machines

Several institutional investors and hedge funds have recently made changes to their positions in LUNR. Gotham Asset Management LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $15,739,000. Two Sigma Investments LP bought a new stake in shares of Intuitive Machines during the 4th quarter valued at $33,255,000. Voya Investment Management LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $11,311,000. Geode Capital Management LLC raised its position in shares of Intuitive Machines by 78.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company's stock valued at $28,191,000 after acquiring an additional 1,141,454 shares during the last quarter. Finally, ARK Investment Management LLC bought a new stake in shares of Intuitive Machines during the 1st quarter valued at $5,531,000. Institutional investors own 72.21% of the company's stock.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of research reports. Craig Hallum initiated coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price objective for the company. Zacks Research raised Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Bank of America cut their target price on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a report on Monday, August 25th. UBS Group restated a "buy" rating on shares of Intuitive Machines in a report on Monday, August 18th. Finally, Barclays initiated coverage on Intuitive Machines in a research report on Thursday, May 22nd. They set a "neutral" rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines presently has an average rating of "Moderate Buy" and a consensus target price of $15.10.

Intuitive Machines Price Performance

Shares of LUNR traded up $0.20 on Monday, hitting $8.98. The company's stock had a trading volume of 5,145,630 shares, compared to its average volume of 9,964,835. The company has a market capitalization of $1.60 billion, a PE ratio of -2.77 and a beta of 1.38. Intuitive Machines has a fifty-two week low of $5.34 and a fifty-two week high of $24.95. The company has a 50 day moving average price of $10.15 and a 200 day moving average price of $9.79.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million for the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Intuitive Machines will post 0.73 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.