Kamal Seyed Ghaffarian Sells 377,973 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR) Stock

Intuitive Machines, Inc. (NASDAQ:LUNR) Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 2nd, Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock. The stock was sold at an average price of $15.04, for a total transaction of $5,684,713.92.
• On Wednesday, November 6th, Kamal Seyed Ghaffarian sold 74,248 shares of Intuitive Machines stock. The shares were sold at an average price of $8.03, for a total transaction of $596,211.44.
• On Monday, November 4th, Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock. The stock was sold at an average price of $7.93, for a total value of $1,409,430.62.
• On Monday, October 21st, Kamal Seyed Ghaffarian sold 344,893 shares of Intuitive Machines stock. The shares were sold at an average price of $8.02, for a total value of $2,766,041.86.
• On Monday, October 7th, Kamal Seyed Ghaffarian sold 125,991 shares of Intuitive Machines stock. The stock was sold at an average price of $7.43, for a total value of $936,113.13.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $21.89 on Friday. The firm’s fifty day moving average price is $13.04 and its two-hundred day moving average price is $8.05. The stock has a market cap of $3.07 billion, a PE ratio of -7.45 and a beta of 0.93. Intuitive Machines, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $22.12.

Wall Street Analyst Weigh In

LUNR has been the topic of a number of analyst reports. Benchmark increased their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Roth Mkm reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research note on Wednesday, September 18th. B. Riley boosted 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. Canaccord Genuity Group reduced their target price on Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, Cantor Fitzgerald boosted their price target on Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Intuitive Machines presently has a consensus rating of “Buy” and a consensus price target of $14.10.

Institutional Investors Weigh In On Intuitive Machines

Several hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. acquired a new stake in shares of Intuitive Machines during the second quarter valued at about $35,000. Sender Co & Partners Inc. bought a new position in Intuitive Machines in the 2nd quarter valued at approximately $56,000. Waldron Private Wealth LLC acquired a new stake in Intuitive Machines during the 3rd quarter worth approximately $83,000. The Manufacturers Life Insurance Company bought a new stake in Intuitive Machines during the 3rd quarter worth approximately $85,000. Finally, SG Americas Securities LLC bought a new position in shares of Intuitive Machines during the third quarter valued at $93,000. Institutional investors and hedge funds 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.