Stephen Altemus Sells 428,503 Shares of Intuitive Machines (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen Altemus sold 428,503 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $20.06, for a total transaction of $8,595,770.18. Following the completion of the sale, the chief executive officer owned 1,026,402 shares in the company, valued at $20,589,624.12. This represents a 29.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Intuitive Machines Stock Down 1.8%

Intuitive Machines stock traded down $0.39 during midday trading on Tuesday, hitting $21.19. 12,375,532 shares of the stock were exchanged, compared to its average volume of 13,654,785. The stock has a market capitalization of $3.82 billion, a PE ratio of -8.58 and a beta of 1.37. The company has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $11.62. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95.

Institutional Trading of Intuitive Machines

Institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its stake in Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after purchasing an additional 1,800 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Intuitive Machines by 41.5% in the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after buying an additional 781 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock worth $47,000 after buying an additional 1,127 shares during the last quarter. Quarry LP raised its position in Intuitive Machines by 151.4% during the third quarter. Quarry LP now owns 6,457 shares of the company’s stock worth $68,000 after acquiring an additional 3,889 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in Intuitive Machines in the third quarter valued at $94,000. Institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a report on Wednesday, December 3rd. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. B. Riley raised their price objective on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuitive Machines has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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.