Thompson Davis & CO. Inc. Buys New Shares in Intuitive Machines, Inc. (NASDAQ:LUNR)

Thompson Davis & CO. Inc. bought a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,280 shares of the company’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in Intuitive Machines during the third quarter valued at approximately $85,000. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $93,000. Creative Planning purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $105,000. LMR Partners LLP purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $110,000. Finally, Savoie Capital LLC purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at approximately $112,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at $2,219,760. This represents a 8.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 771,632 shares of company stock worth $12,947,078. 73.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Canaccord Genuity Group upped their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Bank of America assumed coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.83.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $18.08 on Friday. The firm has a market cap of $2.54 billion, a PE ratio of -6.15 and a beta of 0.92. The firm’s 50 day moving average price is $18.79 and its two-hundred day moving average price is $11.85. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95.

Intuitive Machines Company Profile

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.