Insider Selling: Intuitive Machines, Inc. (NASDAQ:LUNR) Director Sells 125,991 Shares of Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 125,991 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.43, for a total value of $936,113.13. Following the sale, the director now owns 3,494,768 shares in the company, valued at $25,966,126.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $8,375,881.68.
• On Thursday, September 12th, Kamal Seyed Ghaffarian sold 570,705 shares of Intuitive Machines stock. The shares were 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 transaction of $7,200.00.

Intuitive Machines Stock Down 3.7 %

Shares of NASDAQ:LUNR traded down $0.27 during midday trading on Wednesday, hitting $7.12. The stock had a trading volume of 10,316,491 shares, compared to its average volume of 8,698,275. The company’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.11. The company has a market capitalization of $887.38 million, a P/E ratio of 17.29 and a beta of 0.34. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. Research analysts expect that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LUNR. Wedbush Securities Inc. bought a new stake in Intuitive Machines in the 2nd quarter valued at about $35,000. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Intuitive Machines during the first quarter worth about $67,000. SG Americas Securities LLC acquired a new stake in shares of Intuitive Machines in the 3rd quarter worth about $93,000. Sender Co & Partners Inc. bought a new position in Intuitive Machines in the 2nd quarter valued at about $56,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines in the first quarter worth approximately $119,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.