Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II Sells 400,000 Shares

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 400,000 shares of Intuitive Machines stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at approximately $4,390,001. This trade represents a 52.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Timothy Price Crain II also recently made the following trade(s):

• On Wednesday, September 18th, Timothy Price Crain II sold 300,000 shares of Intuitive Machines stock. The shares were sold at an average price of $8.23, for a total value of $2,469,000.00.
• On Thursday, September 12th, Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock. The shares were sold at an average price of $6.05, for a total value of $1,195,703.85.

Intuitive Machines Price Performance

LUNR opened at $12.42 on Friday. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $14.90. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -13.99 and a beta of 0.35. The firm’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $5.66.

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, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. As a group, equities analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Intuitive Machines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Intuitive Machines by 250.0% during the first 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 period. State Street Corp increased its position in shares of Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after purchasing an additional 7,538 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Intuitive Machines during the 2nd quarter worth $536,000. Penserra Capital Management LLC boosted its holdings in shares of Intuitive Machines by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after buying an additional 20,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after buying an additional 32,015 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LUNR. Cantor Fitzgerald raised their target price on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday. B. Riley raised their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Benchmark raised their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday. Roth Mkm restated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Canaccord Genuity Group raised their target price on Intuitive Machines from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines presently has an average rating of “Buy” and an average target price of $13.10.

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.