Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 377,973 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNRGet Free Report) Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kamal Seyed Ghaffarian also recently made the following trade(s):

  • On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92.
  • On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The shares were sold at an average price of $8.03, for a total value of $596,211.44.
  • On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62.
  • On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were sold at an average price of $8.02, for a total value of $2,766,041.86.
  • On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The shares were sold at an average price of $7.43, for a total value of $936,113.13.

Intuitive Machines Trading Up 6.4 %

Shares of LUNR opened at $19.32 on Friday. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $21.00. The stock has a 50 day simple moving average of $12.76 and a 200-day simple moving average of $7.92. The stock has a market cap of $2.71 billion, a PE ratio of -6.57 and a beta of 0.93.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently modified their holdings of LUNR. Bank of New York Mellon Corp acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $272,000. Rhumbline Advisers acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $119,000. Wedbush Securities Inc. acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $35,000. XTX Topco Ltd acquired a new position in shares of Intuitive Machines in the 2nd quarter worth approximately $164,000. Finally, Squarepoint Ops LLC acquired a new stake in Intuitive Machines during the 2nd quarter valued at $536,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. B. Riley increased their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Canaccord Genuity Group reduced their price objective on 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 raised their price objective on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald raised their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” 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, Intuitive Machines currently has a consensus rating of “Buy” and a consensus price target of $14.10.

Check Out Our Latest Stock Analysis on LUNR

About Intuitive Machines

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Intuitive Machines (NASDAQ:LUNR)

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