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

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 94,376 call options on the company. This represents an increase of approximately 59% compared to the average daily volume of 59,505 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LUNR shares. Benchmark increased their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $15.80.

Insider Activity at Intuitive Machines

In other news, CEO Stephen J. Altemus sold 61,432 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.00, for a total value of $675,752.00. Following the sale, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $10,020,109. The trade was a 6.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,609,820 shares of company stock worth $21,709,343. 73.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds have recently bought and sold shares of the company. FORA Capital LLC purchased a new position in shares of Intuitive Machines in the 3rd quarter worth about $458,000. Geode Capital Management LLC raised its stake in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after acquiring an additional 222,136 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Intuitive Machines during the second quarter valued at about $536,000. Stifel Financial Corp bought a new stake in shares of Intuitive Machines during the third quarter valued at about $525,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after buying an additional 32,015 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Trading Up 23.9 %

Shares of LUNR stock opened at $22.94 on Wednesday. The firm has a market capitalization of $3.22 billion, a PE ratio of -7.80 and a beta of 0.90. The firm has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $9.28. Intuitive Machines has a 12 month low of $2.50 and a 12 month high of $22.98.

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.