Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Sells 300,000 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) SVP Timothy Price Crain II sold 300,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.23, for a total transaction of $2,469,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $2,985,926.30. The sale was disclosed in a document filed with the SEC, which is available through this link.

Timothy Price Crain II also recently made the following trade(s):

• On Thursday, September 12th, Timothy Price Crain II sold 197,637 shares of Intuitive Machines stock. The shares were sold at an average price of $6.05, for a total value of $1,195,703.85.
• On Thursday, August 15th, Timothy Price Crain II sold 125,577 shares of Intuitive Machines stock. The shares were sold at an average price of $4.02, for a total value of $504,819.54.
• On Thursday, August 1st, Timothy Price Crain II sold 74,423 shares of Intuitive Machines stock. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39.
• On Thursday, July 11th, Timothy Price Crain II sold 143,989 shares of Intuitive Machines stock. The shares were sold at an average price of $4.04, for a total transaction of $581,715.56.
• On Wednesday, July 3rd, Timothy Price Crain II sold 6,011 shares of Intuitive Machines stock. The stock was sold at an average price of $4.00, for a total value of $24,044.00.
• On Monday, July 1st, Timothy Price Crain II sold 50,000 shares of Intuitive Machines stock. The shares were sold at an average price of $3.36, for a total transaction of $168,000.00.

Intuitive Machines Price Performance

NASDAQ LUNR traded down $0.13 on Friday, hitting $9.15. The stock had a trading volume of 59,202,859 shares, compared to its average volume of 8,313,332. The business’s fifty day moving average price is $4.71 and its 200 day moving average price is $4.91. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 23.88 and a beta of 0.26.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $41.41 million during the quarter, compared to analysts’ expectations of $43.00 million. As a group, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday. B. Riley upped their target price on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines 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 made changes to their positions in the business. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines during the 2nd quarter worth $35,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Intuitive Machines in the 1st quarter valued at about $67,000. Sender Co & Partners Inc. acquired a new position in Intuitive Machines in the 2nd quarter valued at about $56,000. Sanders Morris Harris LLC acquired a new position in Intuitive Machines in the 1st quarter valued at about $119,000. Finally, Deuterium Capital Management LLC acquired a new position in Intuitive Machines in the 1st quarter valued at about $125,000. Hedge funds and other 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.