Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $3,469,886.40 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 570,705 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40. Following the completion of the transaction, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The stock was sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Stock Down 6.7 %

Shares of LUNR traded down $0.41 during mid-day trading on Monday, reaching $5.72. The company had a trading volume of 7,935,749 shares, compared to its average volume of 6,721,791. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The stock has a market capitalization of $712.90 million, a P/E ratio of 13.95 and a beta of 0.26. The stock has a 50 day moving average of $4.50 and a two-hundred day moving average of $4.86.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. On average, sell-side analysts expect that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of LUNR. Vanguard Group Inc. raised its holdings in Intuitive Machines by 250.0% in the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after purchasing an additional 429,531 shares during the period. Squarepoint Ops LLC acquired a new position in Intuitive Machines in the 2nd quarter worth about $536,000. Bank of New York Mellon Corp acquired a new position in shares of Intuitive Machines during the second quarter valued at approximately $272,000. Sanders Morris Harris LLC raised its holdings in shares of Intuitive Machines by 264.9% during the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock valued at $230,000 after acquiring an additional 50,600 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Intuitive Machines during the second quarter valued at approximately $164,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LUNR. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Monday, September 9th. Roth Mkm boosted their target price on Intuitive Machines from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. B. Riley began coverage on Intuitive Machines in a research note on Friday, June 28th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Wednesday, August 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intuitive Machines has an average rating of “Buy” and a consensus target price of $9.80.

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.