Intuitive Machines (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian Sells 1,698 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Ghaffarian sold 1,698 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $16.00, for a total value of $27,168.00. Following the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $55,916,288. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Kamal Ghaffarian sold 94,606 shares of Intuitive Machines stock. The stock was sold at an average price of $15.40, for a total value of $1,456,932.40.
• On Monday, August 24th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $16.87, for a total transaction of $2,394,004.83.
• On Monday, August 10th, Kamal Ghaffarian sold 267,448 shares of Intuitive Machines stock. The shares were sold at an average price of $16.17, for a total transaction of $4,324,634.16.
• On Monday, July 27th, Kamal Ghaffarian sold 47,303 shares of Intuitive Machines stock. The shares were sold at an average price of $13.20, for a total value of $624,399.60.
• On Monday, June 29th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The stock was sold at an average price of $20.43, for a total transaction of $2,899,200.87.
• On Monday, June 15th, Kamal Ghaffarian sold 141,909 shares of Intuitive Machines stock. The shares were sold at an average price of $26.15, for a total value of $3,710,920.35.

Intuitive Machines Stock Down 2.1%

LUNR stock opened at $14.62 on Friday. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The business’s 50-day moving average price is $15.54 and its 200-day moving average price is $21.69. The stock has a market cap of $3.35 billion, a P/E ratio of -15.39 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. On average, equities research analysts expect that Intuitive Machines, Inc. will post -0.6 earnings per share for the current fiscal year.

Institutional Trading of Intuitive Machines

Several large investors have recently made changes to their positions in the company. Nykredit A S purchased a new stake in Intuitive Machines during the 2nd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter worth about $28,000. State of Wyoming purchased a new stake in Intuitive Machines in the 1st quarter valued at about $39,000. Larson Financial Group LLC raised its holdings in Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after buying an additional 1,016 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Intuitive Machines by 144.8% in the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after buying an additional 1,738 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LUNR has been the subject of several analyst reports. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Bank of America raised their target price on shares of Intuitive Machines from $11.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, August 31st. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and reduced their target price for the stock from $32.00 to $26.00 in a report on Friday, August 14th. Finally, Cantor Fitzgerald cut their price target on Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.50.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.