Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Sells $1,538,104.80 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 138,568 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total value of $1,538,104.80. Following the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at $10,111,200.90. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Intuitive Machines Stock Performance

Shares of LUNR traded up $1.25 during trading hours on Friday, reaching $11.48. The stock had a trading volume of 7,860,305 shares, compared to its average volume of 9,346,695. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $14.90. The stock has a market capitalization of $1.48 billion, a PE ratio of -13.55 and a beta of 0.35. The company’s 50-day moving average is $7.77 and its two-hundred day moving average is $5.63.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. Equities analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Intuitive Machines by 250.0% in the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after buying an additional 429,531 shares during the period. Squarepoint Ops LLC bought a new position in shares of Intuitive Machines during the second quarter valued at $536,000. Penserra Capital Management LLC boosted its position in Intuitive Machines by 16.5% in the third quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after purchasing an additional 20,916 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after buying an additional 32,015 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Intuitive Machines in the second quarter worth $272,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LUNR. Benchmark lifted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, B. Riley upped their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $13.10.

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.