Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells 40,254 Shares of Stock

Key Points

• Kamal Seyed Ghaffarian, a director of Intuitive Machines, sold 40,254 shares at an average price of $13.49, resulting in a total sale value of $543,026.46, reducing his ownership stake by 1.14%.
• Intuitive Machines' stock is currently trading around $11.55, with a market capitalization of $2.06 billion and a price-to-earnings ratio of -4.23.
• Analysts have varied opinions on Intuitive Machines, with a consensus rating of "Moderate Buy" and an average price target of $15.60, while price targets have fluctuated among institutions from $10.50 to $21.50.

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 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 transaction, the director owned 3,494,768 shares in the company, valued at $47,144,420.32. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, July 17th, Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock. The stock was sold at an average price of $12.02, for a total transaction of $483,853.08.
• 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 transaction 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 shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60.

Intuitive Machines Price Performance

Intuitive Machines stock traded down $0.55 during trading hours on Friday, reaching $10.61. The stock had a trading volume of 6,210,569 shares, compared to its average volume of 10,554,509. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -3.89 and a beta of 1.41. The business's 50 day moving average price is $11.22 and its 200-day moving average price is $12.14. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced 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. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LUNR shares. Canaccord Genuity Group lifted their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Bank of America dropped their price objective on shares of Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating for the company in a research note on Wednesday, July 16th. Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Craig Hallum assumed coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 target price for the company. Finally, Cantor Fitzgerald lifted their target price on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.60.

Institutional Investors Weigh In On Intuitive Machines

A number of large investors have recently modified their holdings of LUNR. Gotham Asset Management LLC purchased a new stake in shares of Intuitive Machines during the first quarter worth about $15,739,000. Two Sigma Investments LP purchased a new stake in Intuitive Machines in the fourth quarter valued at approximately $33,255,000. Voya Investment Management LLC purchased a new stake in Intuitive Machines in the first quarter valued at approximately $11,311,000. D. E. Shaw & Co. Inc. boosted its position in Intuitive Machines by 3,991.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock valued at $21,102,000 after buying an additional 1,133,581 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Intuitive Machines by 33.6% in the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock valued at $73,503,000 after buying an additional 1,017,706 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.