LPL Financial LLC Reduces Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

LPL Financial LLC trimmed its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 77.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,551 shares of the company's stock after selling 54,249 shares during the quarter. LPL Financial LLC's holdings in Intuitive Machines were worth $282,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after buying an additional 222,136 shares in the last quarter. State Street Corp lifted its holdings in shares of Intuitive Machines by 1.3% in the third quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after purchasing an additional 7,538 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $3,403,000. SBI Securities Co. Ltd. purchased a new position in shares of Intuitive Machines during the 4th quarter worth approximately $2,361,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Intuitive Machines by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company's stock worth $1,993,000 after purchasing an additional 5,970 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Benchmark reissued a "buy" rating and set a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Cantor Fitzgerald lowered their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Canaccord Genuity Group dropped their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Finally, Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and an average target price of $16.00.

Intuitive Machines Trading Down 0.1 %

Shares of LUNR stock opened at $8.57 on Tuesday. The firm has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $13.02. The company has a market capitalization of $1.53 billion, a PE ratio of -2.91 and a beta of 1.33. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. Equities research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling at Intuitive Machines

In other news, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. This trade represents a 7.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now owns 104,272 shares of the company's stock, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,700 shares of company stock valued at $589,489 in the last three months. Corporate insiders own 73.68% 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.

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