Steven Vontur Sells 946 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 946 shares of Intuitive Machines stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $13.00, for a total transaction of $12,298.00. Following the completion of the transaction, the insider now owns 115,336 shares in the company, valued at approximately $1,499,368. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $13.57 on Friday. The business has a 50 day moving average price of $11.03 and a 200 day moving average price of $7.08. The company has a market capitalization of $1.90 billion, a P/E ratio of -4.62 and a beta of 0.93. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $17.14.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. B. Riley lifted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Benchmark raised their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $14.10.

Hedge Funds Weigh In On Intuitive Machines

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of Intuitive Machines by 275.2% during the third 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 last quarter. Geode Capital Management LLC lifted its holdings in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after purchasing an additional 222,136 shares in the last quarter. Savoie Capital LLC acquired a new stake in shares of Intuitive Machines during the 3rd quarter worth about $112,000. State Street Corp grew its holdings in shares of Intuitive Machines by 1.3% during the third quarter. State Street Corp now owns 576,051 shares of the company’s stock worth $4,637,000 after buying an additional 7,538 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Intuitive Machines during the third quarter worth about $525,000. 72.21% of the stock is owned by institutional investors and hedge funds.

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.