Stephen J. Altemus Sells 440,288 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 440,288 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $6.03, for a total value of $2,654,936.64. Following the completion of the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at approximately $5,492,841.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Intuitive Machines Price Performance

LUNR opened at $5.40 on Wednesday. Intuitive Machines, Inc. has a 12 month low of $2.09 and a 12 month high of $13.25. The business has a 50-day moving average of $4.54 and a two-hundred day moving average of $4.86. The stock has a market capitalization of $673.01 million, a price-to-earnings ratio of 13.17 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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. Equities research analysts anticipate that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

LUNR has been the subject of several research reports. Benchmark restated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, August 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Monday, September 9th. Roth Mkm increased their price objective on Intuitive Machines from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, B. Riley started coverage on shares of Intuitive Machines in a research note on Friday, June 28th. They issued a “buy” rating and a $8.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $9.80.

Institutional Trading of Intuitive Machines

Institutional investors have recently made changes to their positions in the stock. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the 2nd quarter worth $35,000. Sender Co & Partners Inc. acquired a new stake in Intuitive Machines during the second quarter worth about $56,000. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Intuitive Machines in the 1st quarter worth about $67,000. Rhumbline Advisers acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at about $119,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines during the 1st quarter worth about $119,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

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.