Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) Director Kamal Seyed Ghaffarian sold 344,893 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $8.02, for a total transaction of $2,766,041.86. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $28,028,039.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 transaction 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 shares were sold at an average price of $6.00, for a total value of $7,200.00.
Intuitive Machines Price Performance
Intuitive Machines stock opened at $7.92 on Friday. Intuitive Machines, Inc. has a 1-year low of $2.09 and a 1-year high of $13.25. The company’s 50-day moving average is $6.61 and its 200 day moving average is $5.25. The firm has a market capitalization of $987.09 million, a P/E ratio of 19.32 and a beta of 0.34.
Institutional Trading of Intuitive Machines
Large investors have recently made changes to their positions in the stock. Waldron Private Wealth LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at about $83,000. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines during the second quarter worth approximately $35,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Intuitive Machines during the 1st quarter valued at $67,000. SG Americas Securities LLC purchased a new stake in Intuitive Machines in the third quarter worth about $93,000. Finally, Creative Planning purchased a new stake in shares of Intuitive Machines in the 3rd quarter worth approximately $105,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on LUNR shares. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley raised their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Roth Mkm reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $10.60.
Read Our Latest Research Report on Intuitive Machines
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.
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