Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Sells 61,432 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) CEO Stephen J. Altemus sold 61,432 shares of Intuitive Machines stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.00, for a total transaction of $675,752.00. Following the transaction, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,020,109. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $11.76 on Thursday. The stock has a market capitalization of $1.51 billion, a P/E ratio of -14.34 and a beta of 0.35. Intuitive Machines, Inc. has a 52 week low of $2.09 and a 52 week high of $13.25. The stock has a fifty day moving average of $7.64 and a 200-day moving average of $5.58.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) 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 analyst estimates of $43.00 million. Equities research analysts forecast that Intuitive Machines, Inc. will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 429,531 shares during the last quarter. Sanders Morris Harris LLC grew its holdings in Intuitive Machines by 264.9% during the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after acquiring an additional 50,600 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Intuitive Machines during the 2nd quarter valued at $272,000. Rhumbline Advisers acquired a new position in shares of Intuitive Machines in the 2nd quarter valued at $119,000. Finally, Wedbush Securities Inc. bought a new position in shares of Intuitive Machines in the 2nd quarter worth $35,000. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LUNR shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 30th. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. 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. Finally, Roth Mkm reiterated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.