Intuitive Machines, Inc. (NASDAQ:LUNR – Get Free Report) SVP Timothy Price Crain II sold 6,011 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $4.00, for a total transaction of $24,044.00. Following the transaction, the senior vice president now directly owns 362,810 shares of the company’s stock, valued at $1,451,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Timothy Price Crain II also recently made the following trade(s):
- On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The stock was sold at an average price of $3.36, for a total transaction of $168,000.00.
Intuitive Machines Stock Performance
NASDAQ:LUNR opened at $3.65 on Friday. The stock has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $4.66. The firm has a market capitalization of $454.90 million, a PE ratio of 8.90 and a beta of 0.21. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25.
Hedge Funds Weigh In On Intuitive Machines
A number of hedge funds have recently modified their holdings of LUNR. Vanguard Group Inc. raised its position in shares of 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 period. Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines in the 1st quarter worth $67,000. Deuterium Capital Management LLC bought a new stake in Intuitive Machines during the first quarter valued at about $125,000. Solstein Capital LLC purchased a new position in shares of Intuitive Machines in the first quarter valued at about $44,000. Finally, Sanders Morris Harris LLC bought a new position in shares of Intuitive Machines in the first quarter worth about $119,000. 72.21% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on LUNR. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Intuitive Machines in a report on Monday. B. Riley initiated coverage on Intuitive Machines in a report on Friday, June 28th. They issued a “buy” rating and a $8.00 target price on the stock. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research note on Thursday, April 4th. Canaccord Genuity Group lowered their price objective on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Roth Mkm dropped their price objective on shares of Intuitive Machines from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Five investment 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 a consensus price target of $9.80.
Read Our Latest Stock Analysis on Intuitive Machines
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.
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