Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells $2,766,041.86 in Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 344,893 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $8.02, for a total value of $2,766,041.86. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $28,028,039.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The shares were sold at an average price of $7.43, for a total value of $936,113.13.
• On Monday, September 23rd, Kamal Seyed Ghaffarian sold 1,007,928 shares of Intuitive Machines stock. The shares were sold at an average price of $8.31, for a total transaction of $8,375,881.68.
• 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 stock was sold at an average price of $6.00, for a total value of $7,200.00.

Intuitive Machines Stock Down 5.9 %

NASDAQ LUNR traded down $0.51 during midday trading on Wednesday, hitting $8.07. The company had a trading volume of 11,339,828 shares, compared to its average volume of 8,759,822. The firm has a fifty day simple moving average of $6.52 and a two-hundred day simple moving average of $5.23. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $13.25. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 19.51 and a beta of 0.34.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $41.41 million during the quarter, compared to the consensus estimate of $43.00 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. B. Riley raised their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $10.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUNR. Squarepoint Ops LLC bought a new position in shares of Intuitive Machines during the second quarter valued at $536,000. Vanguard Group Inc. lifted its holdings in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after purchasing an additional 429,531 shares during the last quarter. Wedbush Securities Inc. acquired a new position in Intuitive Machines in the second quarter valued at about $35,000. XTX Topco Ltd bought a new stake in Intuitive Machines during the second quarter worth about $164,000. Finally, Bank of New York Mellon Corp bought a new stake in Intuitive Machines during the second quarter worth about $272,000. Institutional investors own 72.21% of the company’s stock.

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.