Timothy Price Crain II Sells 300,000 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 300,000 shares of Intuitive Machines stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.23, for a total transaction of $2,469,000.00. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $2,985,926.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Timothy Price Crain II also recently made the following trade(s):

• On Thursday, September 12th, Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock. The stock was sold at an average price of $6.05, for a total transaction of $1,195,703.85.
• On Thursday, August 15th, Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock. The stock was sold at an average price of $4.02, for a total transaction of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39.
• On Thursday, July 11th, Timothy Price Crain II sold 143,989 shares of Intuitive Machines stock. The stock was sold at an average price of $4.04, for a total transaction of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total transaction of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $9.15 on Friday. Intuitive Machines, Inc. has a one year low of $2.09 and a one year high of $13.25. The firm has a market cap of $1.14 billion, a P/E ratio of 22.32 and a beta of 0.26. The firm has a 50-day simple moving average of $4.81 and a 200-day simple moving average of $4.93.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. On average, research analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LUNR. Roth Mkm reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday. Finally, B. Riley boosted their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $10.60.

Institutional Investors Weigh In On Intuitive Machines

Several large investors have recently modified their holdings of the business. Wedbush Securities Inc. bought a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $35,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $67,000. Sender Co & Partners Inc. bought a new position in shares of Intuitive Machines during the 2nd quarter worth approximately $56,000. Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $119,000. Finally, Deuterium Capital Management LLC bought a new position in shares of Intuitive Machines during the 1st quarter worth approximately $125,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Company Profile

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.