Intuitive Machines Sees Unusually High Options Volume (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of some unusual options trading on Friday. Stock traders acquired 49,691 call options on the company. This is an increase of approximately 13% compared to the average daily volume of 43,900 call options.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. Canaccord Genuity Group increased their price objective on shares of Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday, November 15th. Cantor Fitzgerald lifted their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, B. Riley boosted their target price on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Five investment 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 an average target price of $13.10.

Insider Activity

In other news, Director Michael Blitzer sold 662,673 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $8.19, for a total value of $5,427,291.87. Following the completion of the transaction, the director now owns 1,062,865 shares in the company, valued at $8,704,864.35. This trade represents a 38.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $8.31, for a total value of $8,375,881.68. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $29,041,522.08. This trade represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,763,571 shares of company stock valued at $38,671,383. 73.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its stake in Intuitive Machines by 275.2% in the third quarter. Barclays PLC now owns 37,323 shares of the company’s stock worth $300,000 after acquiring an additional 27,376 shares during the period. Geode Capital Management LLC increased its holdings in Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after buying an additional 222,136 shares during the period. Savoie Capital LLC bought a new position in Intuitive Machines in the third quarter worth approximately $112,000. State Street Corp lifted its holdings in 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 during the period. Finally, Stifel Financial Corp bought a new stake in Intuitive Machines during the 3rd quarter valued at $525,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Machines Trading Up 8.0 %

Shares of NASDAQ:LUNR opened at $15.12 on Friday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -5.14 and a beta of 0.35. The firm’s 50-day moving average is $8.76 and its 200 day moving average is $5.98. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $15.55.

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.