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

Intuitive Machines, Inc. (NASDAQ:LUNR) was the target of some unusual options trading activity on Friday. Traders bought 101,966 call options on the company. This is an increase of approximately 67% compared to the average volume of 61,231 call options.

Intuitive Machines Stock Down 22.1 %

LUNR stock opened at $8.77 on Friday. The firm has a 50 day moving average of $18.67 and a 200 day moving average of $12.66. The stock has a market capitalization of $1.23 billion, a PE ratio of -2.98 and a beta of 1.01. Intuitive Machines has a 52 week low of $3.15 and a 52 week high of $24.95.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Cantor Fitzgerald raised their target price 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. Benchmark lifted their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Canaccord Genuity Group cut their price objective on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now directly owns 98,656 shares in the company, valued at $2,219,760. This trade represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 393,659 shares of company stock valued at $7,262,364. Company insiders own 73.68% of the company’s stock.

Institutional Trading of Intuitive Machines

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Intuitive Machines in the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp boosted its stake in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after purchasing an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines in the 3rd quarter worth approximately $85,000. Steward Partners Investment Advisory LLC boosted its stake in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in Intuitive Machines during the 4th quarter valued at approximately $91,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.