Steven Vontur Sells 9,266 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares in the company, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Steven Vontur also recently made the following trade(s):

• On Thursday, December 26th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $18.00, for a total transaction of $17,028.00.
• On Tuesday, December 17th, Steven Vontur sold 946 shares of Intuitive Machines stock. The stock was sold at an average price of $13.00, for a total value of $12,298.00.

Intuitive Machines Price Performance

Shares of LUNR opened at $19.62 on Thursday. The firm has a market cap of $2.75 billion, a P/E ratio of -6.67 and a beta of 0.92. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The company has a 50 day simple moving average of $17.33 and a two-hundred day simple moving average of $10.67.

Hedge Funds Weigh In On Intuitive Machines

Several institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC purchased a new stake in shares of Intuitive Machines in the third quarter worth about $83,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines in the 3rd quarter worth approximately $85,000. SG Americas Securities LLC purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth approximately $93,000. Creative Planning bought a new position in shares of Intuitive Machines during the 3rd quarter valued at approximately $105,000. Finally, LMR Partners LLP purchased a new position in shares of Intuitive Machines in the third quarter valued at $110,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several recent research reports. Cantor Fitzgerald raised their price objective on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Canaccord Genuity Group raised their target price on shares of Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America assumed coverage on shares of Intuitive Machines in a research note on Wednesday. They issued an “underperform” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, Intuitive Machines has an average rating of “Moderate Buy” and a consensus price target of $15.83.

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.