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 on Thursday, July 17th. The stock was sold at an average price of $12.02, for a total transaction of $483,853.08. Following the completion of the sale, the director directly owned 3,494,768 shares of the company's stock, valued at approximately $42,007,111.36. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, July 11th, Kamal Seyed Ghaffarian sold 80,508 shares of Intuitive Machines stock. The stock was sold at an average price of $12.05, for a total value of $970,121.40.
• On Friday, June 6th, Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock. The stock was sold at an average price of $12.04, for a total transaction of $484,658.16.
• 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 Price Performance

Shares of NASDAQ:LUNR traded down $1.16 on Monday, hitting $11.25. 12,838,683 shares of the company's stock were exchanged, compared to its average volume of 13,173,289. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -4.12 and a beta of 1.41. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The business's 50 day simple moving average is $11.12 and its two-hundred day simple moving average is $12.50.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million for the quarter, compared to analyst estimates of $66.07 million. Equities analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on LUNR. B. Riley restated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. 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. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Bank of America reduced their target price on shares of Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating on the stock in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group increased their price target on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday, May 14th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.44.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently made changes to their positions in LUNR. Quarry LP purchased a new position in Intuitive Machines during the fourth quarter valued at approximately $44,000. Rossby Financial LCC purchased a new stake in shares of Intuitive Machines during the 1st quarter worth $67,000. Sigma Planning Corp bought a new stake in Intuitive Machines during the first quarter valued at about $78,000. Park Avenue Securities LLC purchased a new position in Intuitive Machines in the first quarter valued at about $81,000. Finally, Philadelphia Trust Co. grew its stake in Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock valued at $82,000 after purchasing an additional 1,000 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

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