Thompson Davis & CO. Inc. Invests $495,000 in Intuitive Machines, Inc. (NASDAQ:LUNR)

Thompson Davis & CO. Inc. bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 27,280 shares of the company’s stock, valued at approximately $495,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock valued at $7,514,000 after buying an additional 222,136 shares during the last quarter. State Street Corp grew its stake in Intuitive Machines by 1.3% in the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after buying an additional 7,538 shares during the last quarter. Van ECK Associates Corp acquired a new position in Intuitive Machines in the 4th quarter valued at $3,403,000. Penserra Capital Management LLC grew its stake in Intuitive Machines by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock valued at $1,190,000 after buying an additional 20,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Intuitive Machines by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock valued at $836,000 after buying an additional 32,015 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were 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 of the company’s stock, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction dated 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 directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 771,632 shares of company stock valued at $12,947,078. Company insiders own 73.68% of the company’s stock.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $18.08 on Friday. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm has a fifty day moving average price of $18.79 and a two-hundred day moving average price of $11.85. The company has a market cap of $2.54 billion, a PE ratio of -6.15 and a beta of 0.92.

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.