Intuitive Machines, Inc. (NASDAQ:LUNR) Insider Steven Vontur Sells 4,528 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Vontur also recently made the following trade(s):

• On Friday, January 31st, Steven Vontur sold 9,266 shares of Intuitive Machines stock. The shares were sold at an average price of $22.50, for a total value of $208,485.00.
• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The shares were sold at an average price of $18.00, for a total value of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Price Performance

LUNR opened at $18.75 on Thursday. The firm has a fifty day moving average price of $17.76 and a 200 day moving average price of $11.19. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The stock has a market cap of $2.63 billion, a P/E ratio of -6.38 and a beta of 0.92.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of recent research reports. Benchmark raised their price target 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. Cantor Fitzgerald raised their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Finally, Canaccord Genuity Group increased their price target on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.83.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LUNR. Vanguard Group Inc. grew its position in shares of Intuitive Machines by 33.6% during the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after acquiring an additional 1,017,706 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Intuitive Machines during the fourth quarter worth approximately $5,600,000. Headlands Technologies LLC grew its holdings in Intuitive Machines by 161,529.8% in the fourth quarter. Headlands Technologies LLC now owns 244,061 shares of the company’s stock valued at $4,432,000 after purchasing an additional 243,910 shares during the period. Geode Capital Management LLC increased its position in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after buying an additional 222,136 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Intuitive Machines during the 4th quarter worth approximately $3,403,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.