Traders Buy High Volume of Call Options on Intuitive Machines (NASDAQ:LUNR)

Intuitive Machines, Inc. (NASDAQ:LUNR) saw unusually large options trading activity on Thursday. Stock investors purchased 79,143 call options on the stock. This represents an increase of 38% compared to the typical volume of 57,328 call options.

Insider Buying and Selling

In other news, CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total transaction of $1,538,104.80. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,111,200.90. This represents a 13.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 125,991 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $7.43, for a total value of $936,113.13. Following the completion of the transaction, the director now directly owns 3,494,768 shares in the company, valued at $25,966,126.24. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,701,785 shares of company stock worth $18,458,666 in the last three months. 73.68% of the stock is owned by corporate insiders.

Institutional Trading of Intuitive Machines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUNR. Barclays PLC increased its holdings in shares of Intuitive Machines by 275.2% in the third quarter. Barclays PLC now owns 37,323 shares of the company’s stock valued at $300,000 after purchasing an additional 27,376 shares during the period. Geode Capital Management LLC boosted its position in Intuitive Machines by 31.2% in 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 last quarter. Savoie Capital LLC acquired a new position in Intuitive Machines in the 3rd quarter worth approximately $112,000. State Street Corp raised its position in Intuitive Machines by 1.3% during the 3rd 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 last quarter. Finally, Stifel Financial Corp acquired a new stake in Intuitive Machines during the 3rd quarter valued at approximately $525,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Trading Up 14.6 %

NASDAQ:LUNR opened at $19.08 on Friday. The company has a market capitalization of $2.68 billion, a P/E ratio of -6.49 and a beta of 0.91. Intuitive Machines has a 12 month low of $2.09 and a 12 month high of $19.29. The firm has a fifty day simple moving average of $11.51 and a 200-day simple moving average of $7.34.

Analysts Set New Price Targets

LUNR has been the subject of a number of recent research reports. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a research report on Friday, December 6th. Benchmark lifted their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Roth Mkm restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Cantor Fitzgerald upped 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, November 15th. Five 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 $14.10.

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.