Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 221.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,764 shares of the company's stock after acquiring an additional 43,920 shares during the period. Tudor Investment Corp ET AL's holdings in Intuitive Machines were worth $1,158,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LUNR. Barclays PLC increased its position in Intuitive Machines by 275.2% in the 3rd quarter. Barclays PLC now owns 37,323 shares of the company's stock valued at $300,000 after acquiring an additional 27,376 shares during the period. Harbour Capital Advisors LLC acquired a new position in Intuitive Machines in the 4th quarter valued at about $904,000. Tealwood Asset Management Inc. increased its position in Intuitive Machines by 4.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock valued at $380,000 after acquiring an additional 900 shares during the period. Connective Portfolio Management LLC acquired a new position in Intuitive Machines in the 4th quarter valued at about $872,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in Intuitive Machines by 144.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company's stock valued at $1,044,000 after acquiring an additional 33,939 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.

Insider Transactions at Intuitive Machines

In other news, CFO Peter Mcgrath sold 37,906 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the sale, the chief financial officer now owns 438,992 shares of the company's stock, valued at $3,384,628.32. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This trade represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 73.68% of the company's stock.

Wall Street Analysts Forecast Growth

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

Intuitive Machines Trading Down 1.2%

Shares of NASDAQ:LUNR traded down $0.11 during trading on Friday, hitting $9.24. 3,700,998 shares of the stock were exchanged, compared to its average volume of 12,242,880. The company has a fifty day moving average price of $8.13 and a two-hundred day moving average price of $13.07. The company has a market cap of $1.65 billion, a PE ratio of -3.14 and a beta of 1.32. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95.

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