Kamal Seyed Ghaffarian Sells 141,909 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Key Points

• Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines on May 4 at an average $25.14 under a pre-arranged Rule 10b5-1 plan, generating about $3.57 million and reducing his stake by 3.90% to 3,494,768 shares; he has executed several similar large sales in recent months.
• Intuitive Machines stock was up 6.2% to $26.33 mid-day, with a $5.71 billion market cap; the company slightly beat EPS expectations for the quarter but missed revenue, and analysts hold an average "Hold" rating with a $21.55 target.

Intuitive Machines, Inc. (NASDAQ:LUNR - Get Free Report) Director Kamal Seyed Ghaffarian sold 141,909 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.14, for a total value of $3,567,592.26. Following the completion of the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $87,858,467.52. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 20th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $28.16, for a total value of $3,996,157.44.
• On Monday, April 6th, Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $23.20, for a total value of $3,292,288.80.
• On Tuesday, March 24th, Kamal Seyed Ghaffarian sold 283,818 shares of Intuitive Machines stock. The stock was sold at an average price of $18.78, for a total value of $5,330,102.04.

Intuitive Machines Stock Up 6.2%

Intuitive Machines stock traded up $1.53 during mid-day trading on Wednesday, hitting $26.33. 8,643,432 shares of the company were exchanged, compared to its average volume of 12,616,784. The business has a fifty day moving average of $21.41 and a 200 day moving average of $16.90. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $31.15. The company has a market capitalization of $5.71 billion, a PE ratio of -35.58 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. Research analysts expect that Intuitive Machines, Inc. will post -0.04 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors and hedge funds have recently modified their holdings of LUNR. Trustees of the University of Pennsylvania acquired a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $52,689,000. First Trust Advisors LP grew its position in shares of Intuitive Machines by 3,582.9% in the 3rd 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 during the period. Jump Financial LLC grew its position in shares of Intuitive Machines by 5,262.9% in the 3rd 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 during the period. Marshall Wace LLP grew its position 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. Finally, ARK Investment Management LLC grew its position in shares of Intuitive Machines by 78.9% in the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company's stock valued at $21,810,000 after purchasing an additional 914,458 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Intuitive Machines from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Stifel Nicolaus increased their price target on shares of Intuitive Machines from $20.00 to $22.00 and gave the company a "hold" rating in a research report on Monday, March 23rd. Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $16.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, March 20th. Canaccord Genuity Group upped their target price on shares of Intuitive Machines from $22.50 to $24.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Finally, KeyCorp upped their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.55.

About Intuitive Machines

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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