Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $2,766,041.86 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 344,893 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.02, for a total value of $2,766,041.86. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $28,028,039.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The stock was sold at an average price of $7.43, for a total value of $936,113.13.
• On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The stock was sold at an average price of $8.31, for a total value of $8,375,881.68.
• On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40.
• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The stock was sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Stock Performance

Shares of LUNR opened at $7.99 on Friday. The stock has a 50 day simple moving average of $6.76 and a 200 day simple moving average of $5.29. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The firm has a market capitalization of $1.03 billion, a PE ratio of -9.74 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Equities research analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Intuitive Machines

A number of large investors have recently bought and sold shares of LUNR. Vanguard Group Inc. boosted its position in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock worth $3,758,000 after acquiring an additional 429,531 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Intuitive Machines during the 2nd quarter worth approximately $536,000. Bank of New York Mellon Corp acquired a new position in Intuitive Machines during the 2nd quarter worth approximately $272,000. Sanders Morris Harris LLC boosted its position in Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after acquiring an additional 50,600 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Intuitive Machines during the 2nd quarter worth approximately $164,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LUNR shares. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Monday, September 30th. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. 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 report on Thursday, September 19th. Finally, 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines currently has an average rating of “Buy” and a consensus price target of $10.60.

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.