Intuitive Machines Target of Unusually Large Options Trading (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the target of unusually large options trading activity on Thursday. Stock investors purchased 61,098 call options on the company. This is an increase of 89% compared to the average daily volume of 32,390 call options.

Insiders Place Their Bets

In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $5.58, for a total transaction of $57,328.92. Following the transaction, the chief financial officer now owns 117,500 shares of the company’s stock, valued at $655,650. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 177,734 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at $27,713,510.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total transaction of $57,328.92. Following the sale, the chief financial officer now owns 117,500 shares of the company’s stock, valued at approximately $655,650. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,214,900 shares of company stock valued at $31,526,135. Corporate insiders own 73.68% of the company’s stock.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds and other institutional investors have recently modified their holdings of LUNR. Vanguard Group Inc. grew its stake in Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the 2nd quarter valued at $536,000. Bank of New York Mellon Corp bought a new position in shares of Intuitive Machines in the second quarter worth $272,000. Sanders Morris Harris LLC raised its position in shares of Intuitive Machines by 264.9% in the second quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after buying an additional 50,600 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Intuitive Machines in the second quarter worth $164,000. 72.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 30th. B. Riley increased their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines has a consensus rating of “Buy” and a consensus target price of $10.60.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $9.52 on Friday. Intuitive Machines has a 1 year low of $2.09 and a 1 year high of $13.25. The stock’s fifty day moving average price is $7.32 and its two-hundred day moving average price is $5.48. The company has a market cap of $1.22 billion, a P/E ratio of -11.61 and a beta of 0.35.

Intuitive Machines (NASDAQ:LUNR) last issued 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 analysts’ expectations of $43.00 million. On average, analysts expect that Intuitive Machines will post 0.47 earnings per share for the current fiscal year.

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.