Kamal Seyed Ghaffarian Sells 1,007,928 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $8.31, for a total value of $8,375,881.68. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $29,041,522.08. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The stock was sold at an average price of $6.08, for a total value of $3,469,886.40.
• On Friday, August 30th, Kamal Seyed Ghaffarian sold 1,200 shares of Intuitive Machines stock. The shares were sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Trading Down 0.1 %

Shares of Intuitive Machines stock opened at $7.98 on Friday. The firm’s 50 day simple moving average is $5.02 and its two-hundred day simple moving average is $4.99. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.46 and a beta of 0.26. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Wedbush Securities Inc. purchased a new stake in Intuitive Machines in the second quarter valued at approximately $35,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in Intuitive Machines during the 1st quarter valued at approximately $67,000. Sender Co & Partners Inc. purchased a new stake in shares of Intuitive Machines in the 2nd quarter valued at $56,000. Sanders Morris Harris LLC acquired a new stake in shares of Intuitive Machines in the first quarter worth $119,000. Finally, Deuterium Capital Management LLC acquired a new stake in shares of Intuitive Machines in the first quarter worth $125,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday, September 18th. B. Riley lifted their price target on shares of Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $10.60.

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.